DSC and Ministry of Corporate Affairs:
While there are no restrictions on companies transacting with Ministry of Corporate Affairs to apply for DSC, however business firms/conglomerates with a revenue exceeding INR 60 lakhs, must use a DSC for E-filing. According to the law of the land, a digital signature is legally binding and valid.
DSC for MCA:
For ensuring ease-of-transaction in matters related to the Ministry of Corporate Affairs, obtaining a DSC is mandatory. Under section 24 of the Indian IT-Act 2000, only a licensed Certifying Authority or in other words, someone who possesses the license to issue a DSC, can do so. For the purpose of e-Filing on MCA Portal , either a Class 2 or Class 3 DSC is required. What is the difference between Class 2 and Class 3 DSC?
required. What is the difference between Class 2 and Class 3 DSC?A class 2 certificate can only be available, after being validated by a trusted database. A Class 3 certificate o n the other hand, can only be downloaded after the registration authority verifies the user's identity.
Why is DSC (Digital Signature Certificate)required?
Paper documents are signed using pen, whereas electronic documents, for example e-forms, need to be signed digitally using a Digital Signature Certificate. It ensures the security of your data and saves valuable time that would otherwise have been spent in processing paper documents. Also, a DSC cuts down on physical boundaries/distances and ensures privacy for the information exchanged online.
Where can I use Digital Signature Certificates?
Digital Signature Certificates can be used for the following requirements:
For enusring privacy and security of online transactions and e-mails.
For establishing ownership of a domain name .
For encryption of confidential data.
For processing e-tendering documents, filing income tax returns and signing web-applications