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Prevent the misrepresentation of Chartered Accountants
- UDIN is an initiative that was taken by the government to prevent the misrepresentation of Chartered Accountants and put a check on third persons posing as Chartered Accountants and forging signatures to mislead authorities. UDIN can help the respective authorities check the validity of the documents issued by the Chartered Accountants.
tax2win.in/guide/unique-document-identification-number-udinUDIN Explained: Unique Document Identification Number - Tax2win
People also ask
What if Udin is not generated for mandatory documents?
Is Udin mandatory?
Is Udin mandatory in all cost audit reports?
What is the time limit for Udin?
UDIN has been made mandatory based on the decision of the Council taken at its 379th Meeting for all the Practicing Chartered Accountants for all the certificates, reports and documents issued / certified by them.
- Implementation and Format of Udin-
- How to Register on The Udin Portal?
- How Udin Can Be generated?
- Other Important Points-
- FAQs Related to Udin-
UDIN is an abbreviation of ‘Unique Document Identification Number’. The same is introduced in a phase-wise manner as follows- Further, it is an 18 digits long system generated number. The formation of UDIN is explained in the table below-
Before generating UDIN, one needs to first obtain registration on the UDIN site. Steps for obtaining the registration are stated hereunder- STEP 1 – Visit site https://udin.icai.org/. STEP 2 – Click ‘First time Sign Up? Click Here’ available on the right-hand side of the page. STEP 3 – Enter the following details- 1. Membership Number, 2. Date of B...
Post registration on UDIN site, one needs to follow the below steps for generation of UDIN- STEP 1 – Visit site https://udin.icai.org/. STEP 2 – Enter appropriate ‘Username’ and ‘Password’. Enter Captcha and click ‘Login’. STEP 3 – Select the ‘Generate UDIN’ option. STEP 4 – Select document type from the drop-down list. STEP 5 – Enter requisite det...
1. Mentioning of UDIN- UDIN needs to be mentioned on the certificate either by printing (by watermarked) or by handwritten/ printed. In case the UDIN is handwritten/ printed, the same needs to be mentioned after signatures and membership number. 2. Revocation/ cancellation of UDIN- Generated UDIN can be revoked/ cancelled without any time limit. Ho...
1. What is UDIN for? UDIN is an initiative taken by the Institute of Chartered Accountants of India (ICAI) to curb/ limit misrepresentation by the third person posing as Chartered Accountants. 2. Is UDIN compulsory? Yes, UDIN is compulsory for all the certificates, GST and tax audit as well as all audits and assurance functions issued by the Charte...
Dec 8, 2020 · As per the decision of the Council of ICAI, UDIN has been made mandatory in phased manner as per following schedule: • For all Certificates w.e.f. 1st February, 2019;
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UDIN generation has been made mandatory as per the Council Decision hence not generating UDIN for mandatory documents will amount to non-adherence of the Council Decision and may attract disciplinary proceedings as per the Second Schedule Part II of The Chartered Accountants Act, 1949.
Sep 14, 2023 · It is mandatory to obtain UDIN for all Certificates* where the Financial Information/related contents is certified as True and Fair / True and Correct.
It is mandatory to generate UDIN while signing the Audit Reports / Certificates / Document. However, if any member is unable to generate UDIN as desired above, it has to be generated within the given time limit.
For Statutory Bank Audit, UDIN is not mandatory. However, for all Certificates to be signed while conducting Bank Audit, generation of UDIN is mandatory as UDIN is already mandatory on all Certification w.e.f 1 st, 2019.
