Those involved in chartered accountancy field know the actual usage of attestation. They know the importance of attestation and also know where it is required?
Now the major challenge faced during the attestation of documents was its authenticity. It was observed by ICAI that fake signatures of Chartered Accountants in practice were circulating all over India and this led to the question mark on our reputation and credibility.
To remove this malpractice of attestation of documents, ICAI has issued UDIN number.
UDIN stands for UNIQUE DOCUMENT IDENTIFICATION NUMBER.
To tell you in brief, it is a unique number which will be generated for every document certified/attested by practicing Chartered Accountant and the attested document would be registered at UDIN portal, the link of which is https://udin.icai.org.
As per the sources, this number will help to identify the fake documents, which are not attested by CAs.
Major uses of UDIN would be :
- Universal Identification of certified documents
- It will help regulators/ government to get authentic documents
- Traceability of fake and forged documents would be easy.
- More transparency and accountability
- Security of documents certified by Practicing CAs
- Establishes originality and authenticity of documents
There is more to be shared, which will be shared in the next post.
About Me :
I am a Chartered Accountant with two years of corporate experience in Mumbai. Now, presently engaged in advising to clients and the public in general about Income Tax return benefits. I conduct classes for CA IPCC students and help in general CA fraternity, wherever possible. You can ask me about any of your problems.