Digital Signature Certificate (DSC) registration is the digital equivalent of a physical or paper certificate. It serves as a proof of identity for a company for a certain purpose. It can be presented electronically to prove one’s identity, to access information on the internet, or to sign certain documents digitally. A licensed Certifying Authority(CA) issues the digital signature certificate under Section 24 of the Indian IT-Act 2000. It has a validity period of one or two years. There are 3 types of digital signatures:
Class 1- it is used for protecting e-mail communications.
Class 2- it is used for IT Return filing, company registration, obtaining DIN, etc.
Class 3- it is used for E-Tendering and participating in E-Auctions.
It is used for online transactions such as Income tax e-filing, company or LLP Incorporation, Filing Annual Return, e-Tenders, etc. With e-return filing becomes mandatory for income tax assesses with an income of over Rs. 5 lakh per annum, the requirement, and prevalence of the same have increased manifold. Patron accounting can help you register Digital signatures hassle-free online.
The OPC Registration has separate legal entity from its owners which safeguard the owner from being sued in case of any legal controversy. Also, the owner's assets will not be utilized to pay off the company's debts. Since in OPC registration, only one person is the sole owner of the company, making the decision is a lot easier and faster. Also, the owner can appoint directors for his help without giving any share to them.
An OPC registration will be required to confirm to the procurements relevant to private limited company registration, but it will also get the benefit of various exclusions, and therefore there is less compliance burden over the OPC. Only a resolution might be conveyed and entered in the minute book (with date and sign), and such a date should be considered the date of the meeting.
Registering a company gives a brand image to business compared to running a business as a sole proprietor. Generally, large business firms prefer to deal with companies instead of sole proprietor firms. There might be a requirement of tender or job work, which can be applied only by the company.
All financial institutions prefer to lend money to any company registration instead of proprietary firms. The features of transparency and perpetual succession of the company give it benefits over any other business form. The company registration has better governance, which provides more comfort to all the financial institutions.
The very first step is to submit a Digital Signature application along with all the required documents in hard copy by the applicant to the Certifying Authority.
A demand draft or cheque must be obtained for the payment for application of DSC in the name of the local registration authority where you are going to submit your application for verification.
After proving all the details along with the necessary documents and getting duly verified by the authorities you will get your Digital Signature Certificate.
Data is new fuel which make it most important asset for the business house. Strict policy within our organisation is to ensure no compromise on data confidentiality and data is not shared with the third party. Your information is safe with us.
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It can be used for e-filing of income tax returns, for carrying out secured web-based transactions, for sending and receiving digitally signed and encrypted emails/documents. Contact us Now.
Yes, according to the Information Technology Act 2000, DSC is legally valid in India. It is issued by Certifying Authority (CA) under the Ministry of Information Technology, Government of India.
Class 3 DSC is required for DGFT to communicate. It is valid for 1 or 2 years.
DSC comes with an expiry date. Generally, applications check the validity period of a certificate when the digital certificate is used. A certificate is removed from the revocation list when its natural expiration date arrives.
Yes, a person can have two DSCs.
A DSC associated the identity of the person with two keys- public and private keys. The certificate contains information about a user’s identity. They are used by browser and servers to encrypt and decrypt information regarding the identity of the certificate user. The private key is stored on the user’s hard disk or on an external device. The user retains control of the private key. It can only be used with the issued password. The public key is disseminated with the encrypted information. The authentication process fails if either one of these keys is not available or does not match.