ICAI: UDIN Mandatory for All CA Certificate wef 1st Feb 2019
With announcement dated 24 Jan 2019 The Institute of Chartered Accountants of India (ICAI) mandate Unique Document Identification Number (UDIN) with effect from 1st February, 2019 to curb the malpractices such like financial documents/ certificates attested (Singed) by third person misrepresenting themselves as CA Members which leads to misleading the Authorities and Stakeholders.
For Detailed FAQ Click Here
1. What is Unique Document Identification Number (UDIN)?
Unique Document Identification Number (UDIN) is a unique number, which will begenerated by the system for every document certified/ attested by a CharteredAccountant and registered with the UDIN portal available at https://udin.icai.org/.
2. Who can generate UDIN?
A practising Chartered Accountant can generate a UDIN for certificate/ document attested by him either in individual capacity or as a partner. 3. Can a Certificate number once generated be revoked or cancelled?
The UDIN once generated can be withdrawn or cancelled with narration. Hence if anyuser search for this UDIN, appropriate narration indicated by Member with the dateof revoke will be displayed for reference..
4. What are the key values and are they necessary?
While registering the certificate for generation of UDIN, the member has tocompulsorily provide Key values (minimum three and maximum five), which are foundin the document or certificate generated. Key values can be any financial figureextracted from the attested statement or certificate such as Turnover Net profit,Utilization amount, Import amount, Export amount, Duty refund, Refund, Net worth,Revenue, Input tax credit, Loan amount, Total Assets, Net owned funds, Profitability,Capital To Risk Asset Ratio (CRAR), Statutory Liquidity Ratio, Gross fixed assets, Netloss, Misc. expenditure, Total capital investment, Sanction amount, Other (pleasespecify any key words), etc.
5. Is any modification possible in case incorrect information such as clientreference code/number, Document Issued Under, DocumentDescription, Date of Document, Keywords within the document, etc.,has been submitted?
No change is possible in the data already registered by a Chartered Accountant in theonline system. Therefore, members are requested to thoroughly check the details inpreview option before submission of their application.Information filled in can be edited/ modified any number of times before the submission.But once it is submitted, it cannot be edited.
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