A Digital Signature is a secure key (USB E-Token) that contains the signature in digital format and is issued for the purpose of validating & verifying a particular person or entity.
Every Director / Signing Authority needs to have their Digital Signature Certificate as e-filing is made compulsory in Registrar of Companies, ROC, An individual who is required to sign documents and File Returns as per the Ministry of Corporate Affairs and the Income Tax Department of the Indian Govt. it’s now mandated to obtain Class-2 DSC with PAN Encryption.
Class 3 Digital Signature Certificate is the upgraded version of the Class 2 DSC. By using this particular Certificate, an individual can Participate/Bid in any kind of E-Tenders / Auction across India. To participate in the Online Tendering process, every business personnel is required to use a Class 3 Digital Signatures Certificate.
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The Digital Signature Certificate is mandatory if you are incorporating a Public Limited Company, Private Limited Company, Limited Liability Partnership or One Person Company
Digital Signature Certificate (DSC) is mandatory while you are applying for DIN number
If your business's annual turnover exceeds INR 60 Lakhs it is mandatory to verify your returns with Digital Signature Certificate
For all the individuals/professionals having an annual gross receipt of More than INR 25 Lakhs and for businesses with annual turnover of INR 1 Crore and above it is mandatory to file income tax with Digital Signature Certificate
If you are a business entity (other than the Sole Proprietorship) it is mandatory to have Digital Signature Certificate for both registrations and verifying GST Returns online.
It is mandatory to have DSC while applying for an import & export code
Digital Signature Certificate (DSC) is required for filing of Intellectual Property Rights like Trademark, Patent etc
A Class 3 Digital Signature Certificate (DSC) is essential for companies and organizations that take part or intend to take part in E-Tendering processes on various Government sites
Employers in India can use Class 2 Gold or Class 3 Digital Signature Certificates for submitting their employee PF transfer claim form online.
Obtaining a Class II Digital Signature is mandatory in following cases:
MCA has mandated digital signatures for the following individuals:
You no longer have to wait for your manager to return from a holiday or conference for that signature. Digital signatures ensure that businesses save on cost and time with documents and contracts signed off with a click of a button.
Many companies also see significant cost savings, with little or no expense in ink, paper, printing, scanning, shipping/delivery or travel expenses.
With lesser delays, digital signatures ensure better efficiency in workflow. Managing and tracking documents are made easier, with lesser effort and time involved.
Digital signatures provide the convenience of signing important documents where ever a customer or the person to sign is located. Sales persons do not have to wait for the customer to come to the bank or office.
When it comes to signatures, authenticity and security is a priority. Digital signatures reduce the risk of duplication or alteration of the document itself. Digital signatures ensure that signatures are verified, authentic and legitimate.
Digital signatures provide authenticity and ensure that the signature is verified. This can stand in any court of law like any other signed paper document.
Digital signatures also hold validity into the future. ETSI PDF Advanced Signatures (PAdES) with its eIDAS requirements have validity well into the future with its long term signature formats.
As corporate and business become more conscious of their role in sustainability, digital signatures is a step ahead in their efforts in reducing waste and being environmental friendly.
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