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UDIN to be implemented in a Phased Manner: ICAI Chief

ICAI UDIN

The President of the Institute of Chartered Accountants of India ( ICAI ), CA Naveen ND Gupta has said that the Unique Document Identification Number ( UDIN ) will be strictly implemented in a phased manner.

He further said that the ICAI has engaged Tata Consultancy Services (TCS) who is also automating and will maintain the life cycle of CA Members and Students making them largely online on a digital platform.

A days ago, the ICAI had postponed the mandatory use of the UDIN by the Chartered Accountants from 1st February 2019. Earlier, the ICAI has said that UDIN by the Chartered Accountants is compulsory from 1st January 2019.

Also Read: ICAI defers Mandatory Use of UDIN to February

“As you are aware that to secure the certificates/ documents attested/ certified by practicing Chartered Accountants and to trace the forged/ wrong documents prepared by any third person misrepresenting herself/ himself as Chartered Accountant, ICAI had implemented an innovative concept of UDIN, i.e. Unique Document Identification number. We wish to inform that for this prestigious project of UDIN, ICAI has engaged Tata Consultancy Services (TCS) who is also automating and will maintain the life cycle of CA Members and Students making them largely online on a digital platform. To enable TCS do the huge data migration and data audit which will require around 30 days before the UDIN Platform becomes mandatory, Central Council of ICAI has decided to mandate UDIN with effect from 1st February 2019 in a phased manner as against the earlier announced date of 1st January 2019.”

UDIN i.e. Unique Document Identification Number is to secure the certificates/documents attested/certified by practicing Chartered Accountants and for tracing forged/wrong documents prepared by any third person misrepresenting himself as a Chartered Accountant.

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