Digital Signature Certificate

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What is Digital Signature Certificate?

A certificate for digital signature (DSC) is a protected digital key that certifies the identity of a holder given by a CA. In general, it includes your name , email address, country, account name and public key. You can also type your name. Digital certification uses shared key infrastructure meaning only the accompanying public key may decrypt information digitally signed or encrypted with a private key. An electronic “credit card” is a digital token that defines the credentials for business purchases or other online transactions.

Benefits of Digital Signature Certificate

Time Saver

Digital signatures ensure organisations save time and expenses by signing paperwork and contracts with a button press. Especially if the person needed to sign is in a geographical region, cost and time savings are important.

Cost Saver

Many businesses often save substantial cost with little to no cost for dye, paper, copying, scanning, distribution to transport. Additional indirect charges, such as filing, data reception, archiving or recording may also be avoided.

Security

Digital signatures ensure genuine and valid signature. Signers have PINs, passwords and codes to authenticate, check and authorise their identity. Time stamping includes a date , time and monitoring of the paper, thereby reducing the possibility of loss or theft.

Legal Validity

Digital signature guarantee validity and validate the identity. This will be found in any court as any other paper record that has been signed. Improving and simplifying audit and enforcement with timeline and the ability to monitor records and archive them quickly

Documents Required For Digital Signature Certificate

PAN Card

Copy of PAN Card

Incorporation Copy

Copy of Incorporation

Partnership Deed

Copy of Partnership Deep

Authorized Signatory

Proof of Authorized Signatory

Business Registration

Business Registration Certificate

Bank Statement

Copy of recent Bank Statement

ID Proof

Authorized Signatory ID Proof

Applicant PAN Card

Copy of Applicant PAN Card

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Classes of Digital Signature Certificate

There are three types of Digital Signature certificates issued by the authorities.

Class 1 Certificates

issued to individual/private subscribers

Class 2 Certificates

issued to the director/signatory authorities of the companies

Class 3 Certificates

used in online participation/bidding in e-auctions and online tenders

Frequently Asked Questions (FAQs)

Source: mca.gov.in

Physical documents are signed manually, similarly, electronic documents, for example e-forms are required to be signed digitally using a Digital Signature Certificate.

A licensed Certifying Authority (CA) issues the digital signature. Certifying Authority (CA) means a person who has been granted a license to issue a digital signature certificate under Section 24 of the Indian IT-Act 2000.

The cost of obtaining a digital signature certificate may vary as there are many entities issuing DSCs and their charges may differ.

The time generally taken by CAs to issue a DSC may vary from three to seven working days. Also on fulfilment of terms and conditions DSC is issued by some CA’s on same day based on eKYC for Aadhaar Holders.

The Certifying Authorities are authorized to issue a Digital Signature Certificate with a validity of one or two years.

Digital Signatures are legally admissible in a Court of Law, as provided under the provisions of IT Act, 2000.

When a Bank Official logs in the MCA21 portal for the first time, the system prompts the Bank Official to register a DSC before proceeding further. The Bank official can then register the DSC during first time login.

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