UDIN Time Limit Sparks Debate as Companies Plan to File Old Financials Under CCFS

A chartered accountant on the social media platform “X” has shared a concern regarding the UDIN limitation for old financial statements under CCFS.

He added that after the introduction of the Company Compliance Fresh Start Scheme (CCFS) by the MCA, many companies are planning to file their long-pending financial statements.

However, there is a practical problem related to the UDIN system of ICAI. UDIN can only be generated within 60 days, so many old financial statements cannot now be linked with a UDIN.

Since the purpose of the scheme is to help companies complete pending compliances, it would be helpful if the ICAI provided a one-time relaxation or exemption window for UDIN for such past documents filed under CCFS.

Otherwise, professionals may have to use alternative methods, like signing the financial statements again just to generate a UDIN, which may not always be technically correct.

Lastly, he said a small relaxation from the regulator could help both companies and professionals complete compliance smoothly under this scheme.

In reply to which, many taxpayers shared their opinions. Some say it is wrong and illogical, while some say there is no need for any one-time relaxation.

After the introduction of the Company Compliance Fresh Start Scheme (CCFS) by the MCA, many companies are planning to file long-pending financial statements.

However, a practical issue has arisen with the UDIN) system of our ICAI.

Since UDIN can be generated only within 60…

— CA Himank Singla (@CAHimankSingla) March 9, 2026