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Organization Only Signature is important for organizations to sign documents digitally to secure data and for smoother transactions involving the Ministry of Corporate Affairs. It is mandatory for firm or organization that exceeds revenues of over INR 60 lakhs to use a Digital Signature Certificate (DSC) while filing returns. Team Credence ensures to provide organization only signature of the highest standard and thus will help you prevent fraudulent practices.
Any organization or company can apply for a Digital Signature Certificate (DSC) for transactions with the Ministry of Corporate Affairs. However, companies having a turnover of more than 60 lakhs are mandatorily required to use a DSC while filing their tax returns. As per the law, a digital signature is considered a legally acceptable instrument.
There are different types of Digital Signature Certificates available to suit specific needs. A Class 2 and Class 3 Digital Signature Certificate is required for electronic filing on the portal of the Ministry of Corporate Affairs.
A Class 2 Digital Signature Certificate is available for download after verification based on a trusted and pre-screened database. A Class 3 Digital Signature Certificate, on the other hand, is of higher quality as it is issued only after a registration authority verifies the identity of the registrant.
Why do organizations need a digital signature certificate?
A digital signature certificate authenticates your identity electronically. It also provides a top-level of security for your online transactions by making sure the complete protection of information exchanged with a digital certificate. You can use certificates to encrypt information so that only the proposed recipient can read it. You can digitally sign information to assure the recipient that it has not been altered during transmission and to verify your identity as the sender of the message.
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