A Digital Signature (DSC) is the electronic format of a physical signature. It helps to establish the identity and consent of a document sender in the Internet. Today most of the regulatory filings with the Ministry of Corporate Affairs and Income Tax Department can only be filed online. Therefore, to establish the identity of the document filer and record their consent, a Digital Signature is required. Digital Signatures are required for obtaining Director Identification Number (DIN), Designated Partner Identification Number (DPIN), incorporation a company or LLP and filing of IT Returns.
There are three types of Digital Signatures, Class I, Class II and Class III Digital Signature. Class I type of Digital Signatures are only used for securing email communication. Class II type of Digital Signatures are used for Company or LLP Incorporation, IT Return E-Filing, Obtaining DIN or DPIN, and filing other forms with the Ministry of Corporate Affairs and Income Tax Department. Class III type Digital Signatures are used mainly for E-Tendering and for participating in E-Auctions. Digital Signatures come in the form of a USB E-Token, wherein the Digital Signature Certificate is stored in a USB Drive and can be accessed through a computer to sign documents electronically.Digital Signature Certificates are usually issued with a validity of one or two years. After the end of its validity, the Digital Signature can be renewed. Digital Signature can be obtained within 2-4 working days of submitting the application in the required format.
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