ICAI has extended the one time Condonation Scheme for regularizing earlier missed/ delayed UDINs, from 31/01/2021 to 28/02/2021. The new initiative of UDIN was introduced by ICAI in a phased manner w.e.f. 01/02/2019, 01/04/2019 & 01/07/2019 in respect of Certificates, GST/ Tax Audit & all other Attest, Assurance and Audit functions, respectively.
Earlier, ICAI has decided to allow Members to generate UDIN after the expiry of the permissible time limit as a one-time measure in view of representations from them stating that they have missed unintentionally to generate UDINs in respect of their Audit/ Assurance Reports and Certificates due to prolonged lockdown, closure of offices, non-availability of human resources in offices, etc. Accordingly, as a one time measure, ICAI will allow generating missed UDINs for documents signed during 01/02/2019 to 31/12/2020 under the Condonation Scheme which will be made available from 01/01/2021 till 31/01/2021 to regularise all such documents where UDIN was missed from being generated.
ICAI has also decided to condone the delay in generation of UDIN due to unawareness or inadvertent errors, considering the fact that UDIN is a new initiative and Members are getting acquainted with the new requirement/ procedure. Accordingly, all delays in generation of UDINs during 01/02/2019 to 31/12/2020 stands condoned.
It may be noted that this one time measure (Condonation Scheme) shall not be applicable in cases where the documents/ forms are specifically required to be verified on real time basis by the respective Regulators/ Stakeholders.
Members may utilize this one-time opportunity available to them, in case they have missed generation of any UDIN for the said period and generate the UDINs as they will stand condoned, as a one-time measure and would be treated as UDIN generated without any violation of the Gazette notification for UDIN dated 02/08/2019.
UDIN is required on MCA forms, Internal and Concurrent Audit, Prospective and Provisional Financial Statements as per SAE 3400 and SRS 4410 respectively, separate for Form 29B and Form 10 CCB of IT Act, 1961, etc.,
ICAI Announcement dt. 31/01/2021 : Extension of One-time Condonation Scheme to regularize UDINs upto 28/02/2021
Extension of Condonation Scheme to regularize UDINs
This has reference to the Condonation Scheme to regularize UDINs announced by the ICAI vide its announcement dated 28/12/2020. As per the scheme, the documents signed between 01/02/2019 till 31/12/2020 the UDINs can be generated during 01/01/2021 to 31/01/2021.
The requests have been received from Practicing Chartered Accountants from different parts of the country for extension of the time limit for compliance with the UDIN requirement under Condonation Scheme as they could not take advantage of the scheme due to various statutory compliances. Further many members were in the impression that the UDINs can be generated till 31/01/2021 for the documents issued from 01/01/2021 till 16/01/2021 also.
In view of above, it is being informed to the members that all the missed UDINs between the period 01/02/2019 to 31/01/2021 can now be generated upto 28/02/2021 and this be taken as extension of the Condonation Scheme announced previously.
However, it may be noted that for all the documents signed from 01/02/2021 onwards, the original guidance for generation of UDIN i.e on the same day or within 15 days will have to be followed.
ICAI Announcement dt. 28/12/2020 : One-time Condonation Scheme to regularize UDINs
To reinvigorate the Profession of Accountancy in this fast changing digitalized World and to curb the prevalent malpractice of fake certificates forged by non CAs, an innovative concept of Unique Document Identification Number (UDIN) was introduced by the Council of ICAI as mandatory Council Guidelines in phased manner from 01/02/2019 onwards for Certificates, GST/Tax Audit & all other Attest, Assurance and Audit functions.
The UDIN Portal facilitates the Regulators/ Stakeholders to check the authenticity of the report/ certificates/ documents on real-time basis. Gradually many Regulators/ Stakeholders like SEBI, RERA, CBDT, RBI & Banks are insisting upon UDINs on all documents issued by CAs. Recently, CBDT has made mandatory validation of UDIN in all their IT Forms and Reports which are issued by members of ICAI.
ICAI has been receiving representations from its Members that they have unintentionally missed to generate UDINs on their Audit and Assurance Reports and Certificates due to prolonged lockdown, closure of offices, non-availability of human resources in offices and therefore, allow them to generate UDIN after the expiry of the permissible time limit as a one-time measure. Few members have also requested to condone the delay in generation of UDIN due to unawareness or inadvertent error.
Considering various representations and the fact that UDIN being a new initiative and by the time the members were becoming well-versed and accustomed to it, the life including office work got stucked due to this pandemic, the competent authority has decided to allow one-time condonation to its members for their earlier missed or late generated UDINs.
1. As a One-time condonation scheme, to regularize the non-generation of UDIN, it has been decided that Members will be allowed to generate the earlier missed UDINs for the documents signed between 01/02/2019 to 31/12/2020. The scheme will be made available from 01/01/2021 till 31/01/2021.
2. With this announcement, all delays in generation of UDINs by the members of ICAI for UDINs generated during 01/02/2019 till 31/12/2020 as a one-time measure stand condoned.
3. Members may please note that the above one-time condonation scheme would not be applicable for the documents/ forms where the respective Regulators or other stakeholders require UDIN on real-time or as per their specified requirement.
4. Further, UDIN so generated has to be communicated to “Management” or “Those Charged with Governance” for disseminating it to the stakeholders from their end.
5. UDIN generated under this scheme would be treated as UDIN generated without any violation of the Gazette dated 02/08/2019 read with 15 days window allowed for exceptional circumstances.