UDIN now Mandatory for Company Secretaries – from 1st October 19

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UDIN now Mandatory for Company Secretaries – from 1st October 19

Similar to the initiative by ICAI, The Institute of Company Secretaries of India (ICSI) has also rolled out a Unique Document Identification Number (UDIN) initiative to improve sele – governance.

Objectives

Unique Document Identification Number or UDIN is aimed at strengthening the framework of good governance by meeting the following
objectives simultaneously:

  • To provide ease of maintaining Register of Attestation/ Certification services
  • To prevent counterfeiting of various attestations/ certifications
  • To ensure compliance w.r.t ceilings on the number of certifications/attestations
  • To enable stakeholders & regulators to verify the genuinity of documents signed or certified by Company Secretaries in Practice,.
The need for UDIN

The professional services offered by Company Secretaries certifications of documentations. With the help of UDIN, the trust that can laid on the document attested by a CS will be enhanced. This will benefit the recipient of the document and will enhance the trust that the document is genuinely signed or certified by a Company Secretary in Practice.

Mandatory from 1st October 2019

The ICSI UDIN will be mandatory with effect from 1st October 2019 for every document signed or certified by a CS. The only exception being the e-form filled which will not require the UDIN.

UDIN is an alphanumeric number which is a unique code for each and every document attested by Practising Company Secretaries.

 


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About CA Janhavi Phadnis 78 Articles
Chartered Accountant and financial consultant. She has worked with corporates for 14 years with expertise in Forex-Treasury, Accounting, and Corporate Tax. She can be contacted at info.financepost@gmail.com

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