This blog includes everything about digital signature certificates. Read the article to find out who needs digital signature and the associated benefits.
Introduction – Critical Applications of DSC
Digital Signature delivers the most significant level of trust across the hierarchy of RCAI of CCA in India. Its main application finds its way into e-tendering and e-procurement. Both individuals, as well as organisations, are entitled to a DSC. Digital Signature Certificate authorises the authenticity of buyers and vendors in specific e-procurement, e-bidding, or e-tendering event. DSC is only issued to individuals who physically appear before the certifying body. This certificate comes in three validity types starting from one year to three years. Also, there is a two-year validity DSC. The importance of this certificate is immense as a Registration Authority verifies the candidate on their own. Many kinds of DSC cater to different purposes. However, e-filing on the portal of Corporate Affairs demands a class 2. In this blog, you will learn How to get DSC, Critical Applications of DSC and much more, Read on!
How to Get DSC?
An authorised certifying body like Edigitalsignature will help both organisations and individuals ask for DSC following basic steps. In the section below, we have dissolved the whole process step by step; go through it to know the application method:
- Visit the official website of the authoritative body, for example, the edigital signature official web page, by searching on Google.
- Provide relevant information indicating the DSC class you wish to apply for.
- You will be directed to a new page that shows the application form. Go through the fields that have to be filled and enter your personal information.
- Complete the online payment to submit the DSC application form.
- Any DSC officers from the registration office will scrutinise the specific application in due course of time.
- The application confirmation will reach you through the registered mail ID is not more than 2 hours.
Uses of DSC
There are a few reasons that specifically support the purpose of holding a Digital Signature Certificate in India. A DSC gives a digital means of confirming your identity. This also ensures a premium level of security that overlooks all online transactions. The certificates come in handy in encrypting data so that w can make sure only the intended party can view its details. We are eligible to digitally sign and approve a piece of data that the receiving party has not been changed in transit. This is a crucial step of the verification process that eventually conveys a message.
Types of DSC
Online transactions are common occurrences in our daily life. Thus we must grasp the concept of various digital signatures that help us to assess the credibility of each such fund transfer.
Class 2 DSC: The purpose of the class 2 DSC is to ensure that the information disclosed in an application by any subscriber does not intervene compared to the report published in the directories of a foremost authority. Class 2 DSCs are meant to be delivered to both company individuals for their use as well as to anyone who is not involved in the business.
In addition to the uses discussed above, this form of certificate finds use in a range of online registration, form-filling, email verification, tax filing, and other specific regions like:
- LLP Registration
- MCA e-filing
- IE code registration
- GST application
- Form 16
This digital signature certificate is considered the most secure among all. It assures greater credibility if we consider other classes of digital certificates. Thus we will see its use in events of excellent protection and security. Virtual trading and e-commerce there involve substantial transaction volumes. Thus DSC secures these transactions at all checkpoints. This certificate category also protects the transference of crucial personal information.
Critical Applications of DSC include:
- Trademark e-filing and patenting
- E-tendering
- Customs e-filing
- e-auction
- e-bidding
- e-procurement
- MCA e-filing
DGFT: These certificates are only issued by the certifying body when the applicant stays physically present before them at the time of signing. DGFT certificates have limited usage. It comes into action when the holder’s signature is needed in the virtual format for completing transactions on web browsers involving the DGFT portal.
Benefits of having a DSC
Here are the Benefits of DSC Registration
- In the 21st century, online enterprises are growing every day. DSCs assure us whether the service provider or product seller whom we wish to initiate a transaction with is authentic or not. It stores all information about the signatory party.
- Initially, we all had to sign documents physically and scan them to mail to the intended person. Today that is not required as we have the privilege to electronically sign any files and deliver them to someone in a matter of minutes. This is super cheap and saves a lot of time.
- The DSC applicant does not need to be physically present before the registrar for business authorisation.
- After the DSC holder signs a particular document, its content can tamper with by no means. This ensures a premium level of security.
- As digital signature certificates are no less than official documents, they are often asked by central law-enforcing agencies to scrutinise the status of many business transactions.
- As these certificates store verified data about the holder, the buyer or the receiving party gains confidence regarding the sender’s identification. This assists in separating the forged dealers from the genuine ones.
Conclusion – Critical Applications of DSC
Every vendor must hold a DSC for to bid/participate in virtual e-tendering, e-bidding, e-auction, or e-procurement pan India. As per the guidelines issued by the Department of Corporate Affairs, auditors, directors, bank officials, company secretaries, and other authorised signatories are required to gain their digital signature certificates. DSCs are unique for all, legally approved under the IT Act of 2000. They authorise online transactions and online processing of data. The files are password-protected, making them sufficiently secure and forgery-proof. Hope this blog regarding Critical Applications of DSC was helpful!
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