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E-SIGN

E-sign is the abbreviation of Electronic Signature -Electronically Sign and authenticate your documents from anywhere and anytime using our E-Signature service using Aadhaar based verification from mobile/tablet/PC.

The E-Sign service is provided in association with the Aadhaar card governed by the Unique Identification Authority of India (UIDAI) and Digital Signature Certificate (DSC) governed by the Controller of Certifying Authorities.

Yes! E-Sign is legally valid and is recognized by the Government of India for most documents as per the Information Technology Act, 2000. It is as legally binding as a handwritten signature for most documents. The IT Act of 2000, acknowledges the E-Signature and Dongle based Digital Signature Certificate (DSC).

The Initiator fills in the required fields of the document uploaded for sharing and adds the receiver by entering their email ID and phone number. An invitation to sign the document goes out to the receiver’s email ID. The receiver then reviews the document and gives their consent to sign the document. The system then generates an OTP which is sent to the receiver’s email ID and phone number. After entering the OTP, the electronic signature appearance of the parties signing the document, is created on every page (One signature appears on the left-hand side and the other on the right-hand side). Signature of witness(s) if any, signing the same document, shall appear on the last page of the document A Certificate of Signature Completion also appears once the document gets successfully signed by the initiator and the receiver and witnesses if any.

An E-Sign can be used as a safer alternative to a physical signature in almost every transaction/document with exceptions to the following:

  • A Power of Attorney as defined in section 1A of the Powers of Attorney Act,1882
  • A trust as defined in section 3 of the Indian Trusts Act,1882
  • A will as defined in clause (h) of section 2 of the Indian Succession Act,1925, including any other testamentary disposition by whatever name called.
  • Any contract for the sale of conveyance of immovable property or any interest in such property.
  • Any such class of documents or transactions as may be notified by the Central Government in the Official Gazette.

Parties to the contract do NOT have to be present at one place to sign the document

  • Saves huge amount of time & operating cost as you can electronically sign documents within 5 minutes.
  • Avoids forgery and fraudulent practices
  • Secures the transaction against any imaginable conflict/danger.
  • Helps to save paper which in turn saves the environment

Any person who has an email ID and a mobile number can use E-Sign. The person has to be 18 years of age to make a valid signature unless accepted otherwise in a special scenario.

Forever. Just like any handwritten signature, your E-Sign is valid eternally.

E-KYC

E-KYC is the abbreviation of Electronic Know Your Customer. It is a process of verifying the identity of a person in order to prevent the occurrence of identity fraud. E-KYC is a novel method of conducting the KYC process electronically with the use of Aadhaar Card governed by the Unique Identification Authority of India.

E-KYC can be helpful in assisting corporates to file various compliances easily thereby saving time and money.

Aadhar Card of the respective person for which the compliance is required to be done.

  • Time Saver
  • Paperless
  • Cost Efficient
  • Secure, As per Government Regulations.

Mobile OTP based E-KYC

  • This process is only valid if the Aadhar card holder has linked his Mobile number with the Aadhaar Card. Upon typing the Aadhaar number on the portal, an OTP (One Time Password) will be sent to the mobile number linked with the Aadhaar Card. After Successfully entering the OTP; the UIDAI will release the details of the person to the required authorities and also verify the credentials of the person in accordance with their database.

Selfie E-KYC

  • In this process, upon successful delivery of details, the person will be required to click a Selfie and upload it on the website. If the person in the Selfie and the photograph in the Aadhaar Card match; only then the UIDAI will share the information with the requisite authorities.

The UIDAI assures and provides a safe encrypted transfer of information from the UIDAI database to the requisite authorities. Hence, there exists no possibility of any leakage of information to any third party.

The RBI ratified the Supreme Court judgment and granted excess to large number of bodies to use the E-KYC Aadhaar based platform to carry on the KYC process in May 2019. However, in October 2019, the RBI clarified that Digital Service Agents (DSA) will not be allowed to carry out the process of E-KYC anymore in order to prevent any leakage of secure information of people to any third party. Due to this recent reform, each body using E-KYC facility must appoint an authorized representative of their own to carry out this E-KYC procedure.

E-STAMP

Stamp paper is a paper possessing a stamp signifying a duty or charge paid to the Government registry. Stamp duty refers to a specific amount paid for the execution of a document as per the Indian Stamp Act, 1899.

E-Stamp refers to a digital stamp inscribed on a paper to resemble the payment of the value of the stamp.

Each E-stamp will have a unique serial number, QR code etc. with which one can easily validate the authenticity of the certificate.

Each state follows its own respective manner of issuing E-stamp paper. The Government of the respective state is the sole authority for the stamp paper. The Central Record Keeping Agency is one such agency that provides stamp paper on the behalf of the state.

The validity of E-stamp is the same as that of normal stamp paper.

E-stamp paper is provided in a soft copy format that is printable as well. However, soft copy of E-stamp is a valid document in the eyes of law.

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