A Digital Signature is a secure key (USB E-Token) that contains the signature in digital format and is issued for the purpose of validating & verifying a particular person or entity.
Who requires a Digital Signature? (Take the format from online legal India)
Obtaining a Class 3 Digital Signature is mandatory in the following cases:
- E-filing income tax returns in case of every registered trust, partnership firm, companies, any other entity or individual who is required to get tax audit under the Income Tax Act.
- Company filings with MCA21( Ministry of Corporate Affairs)
MCA has mandated digital signatures for the following individuals:
1.Directors
2.Auditors
3.Company Secretaries - Whether in practice or in job
4.Bank Officials - for Registration and Satisfaction of Charges
5.Other Authorized Signatories