UNIQUE DOC ID NUMBER (UDIN)

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This discussion clarifies whether a Unique Document Identification Number (UDIN) is required for financial statements that are not subject to audit. The consensus is that UDIN can be generated for unaudited balance sheets and profit and loss accounts. Banks may request a certificate confirming these statements accurately reflect the books of accounts maintained.

PARDEEP KAPIL

PARDEEP KAPIL (Querist)
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28 June 2024 Dear Sirs : A nationalised bank , while doing loan proceedings is asking for UDIN on balance sheets and profit and loss account of an individual whose accounts are not audited as they do not come under audit compliances. Kindly suggest that can UDIN of such documents should be generated OR audit of books is mandatary for generating UDIN.. Regards

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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29 June 2024 UDIN of such documents should be generated and certificate required that the financial statements are as per books of accounts maintained.

PARDEEP KAPIL

PARDEEP KAPIL (Querist)
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29 June 2024 Dear Sir : Can UDIN be generated for Balance Sheets & Profit and Loss accounts, even if their is no audit of books of accounts ....

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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29 June 2024 Yes, it can be generated.

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