Certification of Balance Sheet, and P&L with UDIN for Bank Loan:-
Get a CA-certified balance sheet and P&L with UDIN in 1 hour for business loans, CC loans, tourist visas, and tender purposes instantly.
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What is CA Certified Balance Sheet, P&L?
A CA certified balance sheet, P&L is a financial statement that is reviewed and signed by a Chartered Accountant after checking the accuracy of figures, supporting documents, accounting standards issued by ICAI and overall compliance. It confirms the true financial position and performance of any business on a specific date and period.
The CA verifies assets, liabilities, sales, purchase, expense and then issues a signed and sealed balance sheet, P&L with UDIN that can be submitted to banks, lenders, investors, government departments and other authorities.
How to verify the Certification of Balance Sheet with UDIN for Bank Loan Certificate online?
Every certificate has a unique ID—the UDIN (Unique Document Identification Number). You can effortlessly check its authenticity online at https://udin.icai.org/search-udin.
Why We Need Certification of Balance Sheet with UDIN for Bank Loan?
It is usually required for:
- Bank loan applications and renewals
- Project finance
- Government tenders
- Startup funding
- Visa applications
- Net worth proof
- Income verification and other compliance requirements
The Role of UDIN in Bank Loans
- Authenticity and Credibility: Banks and other financial institutions require a CA-certified balance sheet with a UDIN to assure them that the financial data has been verified by a qualified professional, thereby reducing the risk of fraud and misrepresentation.
- Verification: Lenders can verify the authenticity of the document online via the official ICAI UDIN portal by entering the unique 18-digit number, name, and contact details.
- Regulatory Compliance: The Institute of Chartered Accountants of India (ICAI) has mandated UDIN for all audit, assurance, and attestation functions to promote transparency and combat malpractices.
Process for Obtaining a CA-Certified Balance Sheet with UDIN :-
- Provide Documents: You will need to provide your books of accounts, bank statements, GST returns (if applicable), sales and purchase records, and other relevant financial documents to a practicing Chartered Accountant.
- CA Review & Preparation: The CA will review the documents, ensure compliance with accounting standards, and prepare or verify the balance sheet and profit & loss statements.
- Certification and UDIN Generation: Once satisfied with the accuracy, the CA will sign and stamp the documents. Concurrently, the CA will generate a unique 18-digit UDIN through the ICAI portal and include it on the certified document.
- Submission to the Bank: The final certified balance sheet with the prominently displayed UDIN is ready for submission to the bank for your loan application.
UDIN is required for both manually and digitally signed documents. The CA must generate the UDIN within 60 days from the date of signing the document
