ICSI Extends Deadline for UDIN Amnesty Scheme: Till April 15

ICSI-UDIN-Amnesty-Scheme-UDIN-Amnesty-Scheme-deadline-April-15

Institute of Companies Secretaries of India extended the deadline for Unique Document Identification Number (UDIN) Amnesty Scheme 2023 till April 15th 2023. The scheme will be effective till the said date.

ICSI UDIN Guidelines, 2019 were approved and issued by the Council of the Institute of Company Secretaries of India in its 261st (Special) Meeting held on 27th June, 2019. It was amended in subsequent years.

Every Company Secretary in Practice is required to create UDIN in accordance with Paragraph 5(viii) of the UDIN Guidelines either at the time of signing a certificate, report, form or other document, or seven days prior to that date. This is a validation of the UDIN mechanism that the ICSI introduced.

The Practicing Company Secretaries Committee of the Council of the Institute has therefore approved the implementation of the UDIN Amnesty Program through 2023. Under this programme, a company secretary in practise may:

  1. Generate the UDINs missed earlier,
  2. Rectify the UDIN details recorded at the time of generation,
  3. Revoke the UDINs not used.

According to the scheme, it is necessary to produce the UDIN before submitting the request under this Scheme if it hasn’t already been done so.

Moreover, a Company Secretary in Practice is only permitted to change or revoke a certain UDIN once. Under the UDIN Amnesty Scheme, only active UDIN is eligible for correction. It cannot be revived after being revoked.

The process is done completely online in the UDIN website. Also, there shall be no fees charged for the process.

The members who are the subject of an ongoing disciplinary action by the ICSI’s Disciplinary Directorate for failing to follow the UDIN Guidelines are not eligible for exemption under this scheme.

The scheme runs in the “STP” mode. As a result, the Registry of UDIN will be updated in accordance with the real-time updating of the UDIN data.

Details Open To Rectify/ Modify under the Scheme

  1. Name of the Company / Client
  2. CIN/PAN / Aadhar Number
  3. Financial Year
  4. Financial Year remarks
  5. Document Type
  6. Document Description
  7. Date of Signing
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