A Digital Signature Certificate or DSC, issued only by a Certified Authority, is a digital key that validates the identity of individuals and businesses holding the certificate in order to ensure the security and authenticity of documents filed online. The MCA Digital Signature Certificate contains information like the user’s name, country, email-id, date of issuance of certificate and name of the certifying authority. Digital signatures can be created and obtained from digital signature certificate providers.
A Digital Signature Certificate helps smooth work of several transactions associated with the Ministry of Corporate Affairs. With the advantage of being time-efficient, Digital Signature Certificates also ensure the security of data.
Any business or firm making transactions that involve the Ministry of Corporate Affairs can apply for a Digital Signature Certificate (DSC). It is mandatory for businessmen to use MCA Digital Signature Certificate while filing returns if their business value exceeds revenues above INR 60 lakhs. Under the provisions of IT Act, 2000, Digital Signatures are considered as legally acceptable instruments.
There are several types of Digital Signature Certificates designed to tailor the specific needs of customers. However, Digital Signature Certificates of Class 2 and Class 3 are required for eFiling on the Ministry of Corporate Affairs portal.
Individuals can download a Class 2 Digital Signature Certificate after verification based on an authenticated source.A Class 2 Digital Signature Certificate is issued post verification of registrant’s identity done by a Registration Authority.
Digital Certificates ensure the authentication of your identity digitally. It maintains a high level of security in online transactions and makes sure the private information remains confidential. The feature of time-stamping facilitates the date and time of the signature; therefore, a document can be tracked reducing the risk of any fraud. Also, the high-security feature assures no document gets modified without the authority of the signer.
(i)To sign e-tendering documents, web forms, and efiling tax returns
(ii)To secure web/email-based transactions