FAQs on ICSI UDIN Amnesty Scheme, 2020

FAQs on ICSI UDIN Amnesty Scheme, 2020

1. Where can I find a copy of the ICSI UDIN Amnesty Scheme, 2020?

A copy of the ICSI UDIN Amnesty Scheme – 2020 may be downloaded from the ICSI UDIN portal.

2. How do I make an application / online request under the Amnesty Scheme?

There is no formal application to be made under the scheme. The member shall log in to the UDIN portal and click on the Amnesty Scheme icon and select the UDIN to be modified/revoked from the UDIN Register.

3. What are the opening and closing dates for the Amnesty Scheme?

The Amnesty Scheme shall be open from 1st September 2020 and shall close on 30th September 2020.

4. Is there any limit on the number of UDINs that can be modified/revoked under the Amnesty Scheme?

There is no limit on the number of UDINs that can be modified/revoked under the scheme. However, one UDIN can only be modified once.

5. In how much time will the application under the Amnesty Scheme be processed?

The scheme operates in the ‘STP’ mode. Accordingly, the UDIN data will be updated on a real-time basis and the Register of UDIN shall be updated accordingly.

6. Will I get any confirmation about the modified UDIN from the Institute?

Yes, the member will receive an auto-generated email after the online application is successful.

7. Do I need to intimate the client about modifications in data associated with UDIN?

It is advisable to intimate the client about the modifications availed under this scheme. However, the UDIN details are available for verification by any stakeholder at the UDIN portal.

8. Will I be able to remodify the details under the Amnesty Scheme on multiple occasions?

All UDINs generated till 30th September 2020 shall be available for modification under the scheme. However, a particular UDIN can be modified only once.

9. What all details shall be open for rectification/modification under the scheme?

The following details shall be open for rectification/modification:

a. Name of the Company / Client

b. CIN/PAN / Aadhar Number

c. Financial Year

d. Document Type

e. Document Description

f. Date of Signing

10. Can UDIN itself be changed/modified?

UDIN once generated cannot be changed or modified. It can only be revoked.

11. What are the essential features of the Amnesty Scheme?

The amnesty scheme would enable the members to –

i. Generate the UDINs in respect of Certificate / Report / Form / Other Documents certified by them and the UDIN has not been generated as yet.

ii. Rectify the particulars of UDIN recorded at the time of generation, such as Name of the Client, PAN / CIN / Aadhar of the Client, Date of Signing, selection of Certificate / Report / Form / Other documents, Financial Year.

iii. Revoke unutilized UDINs.

12. Will I be provided any immunity from any misconduct proceedings for non-compliance with the UDIN Guidelines if I apply for amnesty under the scheme?

The Practicing Company Secretary applying under ICSI UDIN Amnesty Scheme, 2020 shall be granted immunity from the applicability of the provisions of para 8 of the UDIN Guidelines in respect of the UDINs for which request under this Amnesty Scheme has been made and disciplinary proceedings shall not be initiated or entertained in this respect.

13. Will I be liable for misconduct proceedings for non-compliance with the UDIN Guidelines if I do not apply under the scheme?

On the conclusion of the Scheme, the Institute may initiate necessary disciplinary action under the Company Secretaries Act, 1980 read with First Schedule and Second Schedule to the Company Secretaries Act, 1980 against the members who have not availed this Scheme and have failed to comply with the provisions of the UDIN Guidelines.

14. What is the fee for making an application under the scheme?

No fees shall be charged for the purpose of this application.

15. Who can make an application under this scheme?

Any Practising Company Secretary who has failed to comply with the UDIN Guidelines and is willing to rectify the default as permitted within the purview of the Scheme.

16. Do I need to specify the reasons for making modifications in UDIN?

Yes, the member needs to specify the suitable reasons at the time of making modifications under the scheme.

17. Will my data provided under the amnesty scheme be kept confidential?

Yes, the details uploaded by the PCS under this Amnesty Scheme shall remain confidential and not be construed as “information” under the Right to Information Act, 2005.

18. If I have not generated the UDIN earlier, can it be generated now?

In case(s) where the UDIN has not been generated, it will be mandatory to generate the UDIN before filing the request under this Scheme.

19. It is possible to reactivate the UDIN which has been revoked?

No. Only active UDIN are eligible for rectification under the UDIN Amnesty Scheme. UDIN once revoked shall not be reactivated.

20. Can the Name and/or CIN of the Client be altered in the UDIN?

Only inadvertent typographical errors may be rectified to the extent that the identity of the client is not altered.