Digital Signature in simple terms ,is a file created by a Licensing Certifying Authority through encryption and is then issued to you, in the USB E-token. When signing any particular document this file is accessed which acts like a key (Private Key) and secures the document being signed. In addition to locking the document being signed, this file also add a Digital Certificate to it containing your identity details viz name, Organisation’s Name, email id etc.
Benefits of Digital Signatures
Faster transactions and better customer service
Making your business or company transactions quick and easy is vital in the fast-paced world we live in today. Having the digital signatures option enabled allows your customers to sign and send documents electronically, such as email, avoiding various cumbersome and time-consuming processes. This shows that you allow fast transactions and that you also have respect for their time.
Decrease the number of errors
When we sign a contract, it can happen that we make a mistake by signing in the wrong place or we make a spelling mistake when doing it, which leads us to repeat the process again, take more time to do it, and waste paper unnecessarily. With digital signatures, we can avoid these mistakes. Every step in the process is verified and in the end, you look more professional in the eyes of your client.
USES OF DIGITAL SIGNATURES:-
WHICH CLASS OF DIGITAL SIGNATURE REQUIRED FOR E-TENDERING ?
Class 3 A/B digital signature for Individuals/Organisations is certificate that provides highest level of assurance with the RCAI hierarchy setup by Controller of Certifying Authorities.
Individual (Class 3A):- Class 3A individuals certificates issued to individuals
Organisations (Class 3B):- Class 3B Organisation Certificates those are used for signing,encryption ,electronic access control, e-commerce annd online financial transaction that require a stron assertion of the Customer’s Identity.
DGFT DIGITAL SIGNATURE CERTIFICATES FOR IMPORT EXPORT CODE
DIGITAL SIGNATURE CERTIFICATE FOR FOREIGN TRADE
Class 3 DGFT Digital Signature has now made it easy for the Export and Import Organisations makes the best use of Digital Signature Certificate for the authentication of the documents. DGFT digital signature can be used for foreign trade. Import and Export code is mandatory to obtain a Digital Signature Certificate.
DIGITAL SIGNATURE FOR MCA FILING, INCOME TAX, GST, TRADEMARK
Class 3 Digital signature signing only can be used for Income Tax Return, GST Returns, ROC Returns filing and Trademark Registration .
VALIDITY OF DIGITAL SIGNATURES:-
HOW DIFFERENT INDUSTRIES USE DIGITAL SIGNATURES