Overview
Financial reporting goes beyond the annual accounts: regulators, lenders and investors need periodic, accurate information in prescribed formats, from XBRL filings to lender stock statements and CSR reporting.
A reporting calendar and consistent processes keep these reports accurate and on time.
Who needs this service
Companies with regulatory reporting obligations
Businesses with bank facilities requiring periodic statements
Entities with investors requiring quarterly reporting
Legal and regulatory framework
- Companies Act, 2013 and Schedule III
- Companies (Filing of Documents and Forms in XBRL) Rules, where applicable
- Section 135: CSR reporting for eligible companies
- Lender covenants
Scope of services
Statutory reporting
- Annual financial statements and board report inputs
- XBRL filings for applicable companies
- CSR computation and reporting
Lender and investor reporting
- Stock and book debt statements
- Covenant compliance certificates
- Quarterly investor packs
How the engagement works
- MapAll reporting obligations.
- CalendarDue dates and owners.
- PrepareReports and certificates.
- ReviewConsistency with books.
Documents typically required
Financial statementsLoan sanction lettersInvestor agreements
Key forms and due dates
| Item | Timeline |
|---|---|
| Stock statements | Monthly or quarterly as per sanction |
| AOC-4 / AOC-4 XBRL | Within 30 days of the AGM |
Deliverables
- Reporting calendar
- Periodic reports and certificates
The scope of each engagement is agreed in writing and depends on the nature, size and regulatory requirements of the entity.
Frequently asked questions
Which companies file in XBRL?
Listed companies and their Indian subsidiaries, and companies above prescribed paid-up capital or turnover thresholds, among others.
When does CSR apply?
To companies with net worth of ₹500 crore, turnover of ₹1,000 crore or net profit of ₹5 crore in the preceding financial year.