Pankaj N Mittal Associates A Digital Signature Certificate (DSC) is a secure digital key that certifies the identity of the holder, issued by a Certifying Authority (CA). It typically contains your identity (name, email, country, APNIC account name and your public key). Digital Certificates use Public Key Infrastructure meaning data that has been digitally signed or encrypted by a private key can only be decrypted by its corresponding public key. A digital certificate is an electronic "credit card" that establishes your credentials when doing business or other transactions on the Web.
Digital signature certificates or DSC are required for filing income tax returns, company filings, import export clearance and e-tenders.
A Digital Signature is the equivalent of a physical signature in electronic format, as it establishes the identity of the sender of an electronic document in the Internet. Digital Signatures are used in India for online transactions such as Income Tax E-Filing, Company or LLP Incorporation, Filing Annual Return, E-Tenders, etc., 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.
Abbreviating names
Never abbreviate the directors' names, regardless of what is mentioned in the ID/Address proof.
Spelling mistakes
There must be no spelling errors in the mentioned names.
Old bills
Bills shall not be older than 2 months and must be in the name of the applicant.
Prefixes
Avoid prefix such as Mr. /Mrs. /Shri. etc.
These are a stepwise procedure to get DSC registration. Makemyregistration is your online consultants companion which can help you with DSC Registration in India.
Class II Digital Signature
Class II Digital Signatures are used for Income Tax E-Filing, Company or LLP Incorporation, Annual Return Filing, etc., Class II Digital Signatures are required to file documents electronically with the Ministry of Corporate Affairs and Income Tax Department.
E-Token
Digital Signature Certificate are stored on a secure USB flash drive called a E-Token . The Digital Signature Certificate stored in the USB flash drive must be connected to a computer to electronically sign a document.
Class III Digital Signature
Class III Digital Signatures provide the highest level of assurance and are used for E-Auctions and E-Tendering. Government entities like the Indian Railways, Banks, etc., require Class III Digital Signatures to participate in their E-Tenders.
Registering Authority
Makemyregistration is a Licensed Registering Authority of Sify and E-Mudhra. Therefore, Makemyregistration can help you obtain Sify or E-Mudhra Digital Signatures hassle-free and quickly.
Validity
Digital Signatures usually come with a validity of one or two years. The validity of the Digital Signature can be renewed once the term of the previous Digital Signature expires.
Whether I am required to register myself as a Registered or Business user before registering DSC on MCA portal through the Register DSC facility?
No, user registration is not a pre-condition for registering the DSC through this facility on MCA portal.
Who should register the DSC on MCA portal?
Directors, Manager and Secretary of the Company and practicing professionals i.e. CA, CS & CWA should register their DSC on MCA portal, if they have not registered their DSC as a business user earlier.
Why do I need to register my DSC on portal?
On registration of your DSC, MCA system shall capture the details of your DSC against your DIN/ PAN, as the case may be. This information will be used to authenticate your digital signature for role check purpose.
For Individuals / Proprietorship
- PAN Card
- Aadhar Card / Voter ID / Passport / DL
- Cancelled Cheque of Current Account
- Passport Size Photo
For Company / LLP / Partnership
- Pan Card of Establishment
- Pan Card of Authorized Person
- Aadhar Card / Voter ID / Passport / DL of Authorized Person
- Passport Size Photo
- Cancelled Cheque of Current Account
To start an import/ export business in India, the first thing is to obtain an IEC or Import Export License. An IEC is necessary for importing and exporting of goods.
- In case the import/export is of services or technology, IEC is required in only limited circumstances, when import/export is in 'specified services' or 'specified technologies', i.e. services or technologies in which international trade is restricted by Government of India as they pertain to national security, such as dealing in nuclear weapons, automatic guns ext.
- Import Export Code is also not necessary to be taken if the goods imported or exported is for personal use and not to be used for commercial purpose. on saving account is 2% plus rate provided by nationalized bank on saving a/c. E.g. SBI rate is 4% then max rate will be 6%.
- Import / Export done by Government of India Ministries and Departments, Notified Charitable organizations also not required to have Import Export Code.
To know if your venture is ready to enter the import/export market? Here are some things you need to have in order.
# Set Up the Business Entity: The first thing is to open a business Entity, whether it is Proprietorship, LLP, Partnership or Company Set Up the Business with an attractive name and logo.
# Pan Card of Business: If open a Partnership, LLP or Company, then having a Pan Card issued by Income Tax department Get Pan Card for Business Mandatory.
# Current Account with Bank: Once Registered and got the Pan card duly issued by IT Department, you need to open a Current Open Current Account with any commercial bank.
# Get the IEC Code Issued: This is one of the most important requirements to get your import and export business started.IEC Get Import Export Code is required in all cases except in case of restricted or prohibited.
# Getting RCMC issued: For Importing goods having IEC is enough, but for doing exports and claiming export benefits you need to obtain Get RCMC from an RCMC, granted by the concerned Export Promotion Councils.
Q. Whether Import Export Code (IEC) is mandatory for import of goods?
Import Export Code (IEC) is compulsory for all imports and exports of goods and services in India. However, certain categories of importers are exempted from obtaining IEC.
Obtaining Import Export Code (IEC) is the first step to be in import Export Business in India.
Q. Is there any renewal charges?
IEC is valid for the lifetime; there are no renewal charges for that.
Q. What are the benefits of IEC?
On the basis of IEC, companies can obtain various benefits on their exports / imports from DGFT, Customs, Export Promotion Council, etc.
Q. Can I modify the IEC information?
Yes, you can easily modify the IEC information through Makemyregistration, You just need to provide Makemyregistration with the supporting of the modification and that's it, you are done.
Q. How much time does it take to get an IEC?
With Makemyregistration, it will take 3 to 4 working days to get an Import Export Code (IEC).
Q. Do any compliance need to be done after taking IEC?
No Compliance needs to be done in the case, of Import Export Code (IEC). Once IEC issued by DGFT it is valid for a lifetime period. IEC is a compliance free document.
Q. Is Import Export Code (IEC) mandatory for both Import & Export of goods?
IEC is compulsory for both imports and exports to and from India. However, certain categories of importers are exempted from obtaining IEC.
Q. How can I get the Duplicate copy of IEC?
You need to login on DGFT website, and from there you can easily download the copy of the IEC allotted to you.
Q. Can 2 IEC be issued against one Pan?
No, only one IEC can be issued in a lifetime against one pan card.
Q. IEC is delivered in Physical format or Digital format?
Nowadays, IEC will only be issued in digital format by the DGFT. No Physical copies are sent to applicant address.
Q. How to Apply for IEC?
With Makemyregistration you don't need to worry, just give us the scanned documents and two working days and you have your IEC Number in your hand.
Q. Is Pan Card is Essential Document?
Yes, having PAN is mandatory.
If You are an Individual - Pan Card of Individual.
If you are Firm or Company - Pan card of Firm/Company & Pan Card of Director/Partner
Q. What is IEC Number?
IEC Stands for Import Export Code. No export or import shall be made by any person without an Import Export Code (IEC) number unless specifically exempted.