UDIN generation now mandatory to certify MGT-7



Quick Summary
The Institute of Company Secretaries of India (ICSI) has made it mandatory to generate a Unique Document Identification Number (UDIN) for certifying the Annual Return in Form MGT-7. This requirement, effective from 1st September 2020, aims to verify document authenticity, prevent counterfeiting, and streamline record-keeping for practising Company Secretaries. The UDIN system was introduced in 2019 to enhance transparency and compliance in professional attestations.

ICSI Unique Document Identification Number (UDIN) Guidelines, 2019 

Dear Professional Colleagues, 

You are aware that the Council in its 261st (Special) Meeting held on 27th June, 2019 at New Delhi issued the ICSI Unique Document Identification Number (UDIN) Guidelines, 2019. The objective of issuing these Guidelines is to:-

(a) enable the stakeholders to venfy the authenticity of various documents certified by Company Secretaries in Practice,

(b) prevent counterfeiting of various attestations /certifications;

(c) provide ease of maintaining the Register of Attestation / Certification services rendered by practicing members;

(d) ensure compliance of the Guidelines issued by the Institute w.r.t ceilings on the number of the various certification; attestation services that may be rendered by the practitioners:

(e) auto-prefill details of Certification / Attestation services rendered by practicing members in the form for renewal of Certificate of Practice. 

The Guidelines were amended by the Council in its 263rdMeeting held on 23'September, 2019 at New Delhi and have been further amended by the Council in its 269th (Adjourned) Meeting held on 13. July, 2020. The amendments shall be effective from 1. September, 2020. 

As per the latest amendments, it shall now be mandatory to generate UDIN in respect of the following also (i) Compliance Certificate regarding compliance of conditions of Corporate Govemance as prescribed under the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. 00 Certification of Annual Return in Form MGT-7 under Section 92(1) of the Companies Act. 2013 and Rule 11(1) of the Companies (Management and Administration) Rules, 2014. 

The PCS Committee of the Council of the Institute has been empowered to decide from time to time the details/fields I information to be provided in the UDIN portal for the purpose of registration generation of UDIN as it may deem fit and proper. 

FAQ :

UDIN stands for Unique Document Identification Number, a system introduced by ICSI to verify the authenticity of documents certified by Company Secretaries in Practice and prevent counterfeiting.

Yes, as of 1st September 2020, it is mandatory to generate a UDIN when certifying the Annual Return in Form MGT-7 under Section 92(1) of the Companies Act, 2013.

The UDIN Guidelines were issued in 2019 and have been amended since. The latest amendments making UDIN mandatory for MGT-7 certification are effective from 1st September 2020.

The objectives include enabling stakeholders to verify document authenticity, preventing counterfeiting of certifications, easing the maintenance of attestation records, and ensuring compliance with service ceilings for practitioners.

Yes, besides MGT-7, UDIN generation is also mandatory for the Compliance Certificate regarding Corporate Governance as prescribed under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.




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