REGARDING BANK CC (WORKING CAPITAL) RENEWAL

Dear Sir/Madam,

We are in process of renewal of our bank facility. Bank is asking for Provisional Profit and Loss a/c and Balance Sheet with UDIN.  Our CA is told us that he will not provide it with UDIN. Bank is forcing us for same.

Please reply what to do...

Thanks

Replies (1)
If CA is signing the Provisional Profit and Loss a/c and Balance Sheet, or providing any report/certificate for same than its mandatory for CA mentioned/provide UDIN.
UDIN generation has been made mandatory as per the Council Decision hence not generating UDIN for mandatory documents will amount total non-adherence of the Council Decision and may attract disciplinary proceedings against CA.

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