UDIN now effective from 1st February 2019
(Picture for Repressentational Purpose ) A Private ADHAR Center in West Delhi, on Wednesday, September 26, 2018. Express photo by Abhinav Saha

To prevent unscrupulous individuals from posing as Chartered Accountants, the Institute of Chartered Accountants of India (ICAI), has introduced the concept of Unique Document Identification Number (UDIN).

As per the prior notification, the start date to use UDIN was 1st of January 2019. However, it was recently announced that the use of UDIN on all attested documents would be required from the 1st of February 2019.

The attestation of a Chartered Accountant on any document, in his professional capacity, has great value. This signature gives an assurance that there exists no misrepresentation by the entity submitting such a document.

A welcome move by ICAI, alloting UDINs to CAs will ensure greater transparency. It will help secure attested and certified documents, trace forged signatures, and single out manufactured documents.

You May Also Like

How to resolve issues while filing GSTR-9 and GSTR-9C

The due date to file GSTR-9/9C for FY 2017-18 is 31st January…

Union Budget 2020-21: Income Tax Amendments

The Finance Minister of India presented the Union Budget for the financial…
Gold Jewellery

24K Gold Rate in India for November 2019: Week 4

The fourth week began with the gold rate in India holding at…

GST Amendments Announced in Union Budget 2020

The Union Budget 2020 was presented on 1 February 2020 by the…