REGARDING BANK CC (WORKING CAPITAL) RENEWAL

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1 Points Joined January 2020

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

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On 28 July 2020 at 15:34 Report
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Tax and Business Consultant
11611 Points Joined July 2015
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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On 28 July 2020 at 16:16


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