UDINs crossed the mark of 5 Crores
About UDIN: Chartered Accountants (CAs) have an important role in the economic development of the country and the Institute of Chartered Accountants (ICAI) being the governing body has a very crucial role to play as a partner in the process of nation building. Before the introduction of Unique Document Identification Number (UDIN) in 2019, there was a huge demand from the Indian Banker’s Association (IBA) and the bankers regarding the verification of authenticity of the signature of Chartered Accountants (CA). ICAI noticed rising cases of misrepresentation of CAs’ services and forged signatures of CAs being done by non-CAs.
It was to fulfil this demand and curb such malpractices, that ICAI came up with the idea of online real time processing system wherein the credentials of any of its members could be verified. So, it was from the genesis of idea that UDIN was initiated. UDIN is amongst the most successful reforms ICAI has undertaken in the recent past. Accordingly, ICAI has come up with a guideline that every signature of the CA must be followed by a UDIN, in order to establish the ownership of that particular document. The advent of UDIN has helped establish a climate of trust, accountability and openness among the stakeholders towards ICAI and its members.
New Features of UDIN
1. Graphical User Interface (GUI) based user dashboard for the Members
The interface will present the summary UDIN statistics for various categories viz, Audit and Assurance, GST and Tax Audit and Certificates generated by a member since 2019. This feature enables members to keep a track of total UDINs generated by them.
2. Downloadable filled-in UDINs in PDF
Members will be able to download PDF having details regarding filled-in data for UDINs, enabling them to verify the data entered into the system for generating UDIN.
3. Save and Copy Option
Save draft and Copy UDIN option will assist the members for a flawless experience on mentioning the UDINs without any copying error.
4. Enabled QR code in UDIN PDF
All the key details punched at the time of UDIN generation are provisioned for QR code. After scanning the QR code, the same shall be directed to the “Verify UDIN” link for verification, thus, enabling the verifiers an option of scanning the QR code, which is a modern feature in the governance ecosystem.
5. Monthly/Quarterly mails to the members
UDIN generated at firm’s level for a particular month/quarter, will be mailed to firm’s head at the end of the said period.
6. Providing details of periodically generated UDINs
Monthly/Quarterly number of the total UDINs generated will be made available to all registered members at UDIN portal.
7. Effective search functionality
Enhanced search functionality on almost all the fields with full text search on the basis of entered data on text field.
7. Trademark and Copyright of UDIN
The acronym “UDIN” has been registered under the Trademarks Act, 1999 with effect from 15th March, 2019 in the name of ICAI under the seal of Registrar of Trade Marks.
Copyright for the same has been obtained by ICAI on 9th February, 2021.
8. Time for Generation of UDIN
UDIN is to be generated at the time of signing the documents. However, it may be generated within 60 days from the signing of the document.