According to the CCA notification of 26th June 2020, class 1 & 2 digital signatures will be suspended from 1st January 2021 onwards. Now only class 3 DSC will be issued by the Controller of Certifying Authorities. This certificate will be issued for both personal and commercial business purposes.
We have discussed in this blog all the things you need to know about the Online Digital Signature Certificate and its process.
E-procurement is a business-to-business (B2B) mechanism in which goods and services are procured and distributed over the internet. It differs from e-commerce in the sense that it is a closed system that enables the participation of only a small number of registered users. In order to conduct business online, e-tender is used as a forum for advertising these procurements. A Digital Signature Certificate is essential for carrying out an e-tender process.
A class 3 Digital Signature Certificate provides the highest level of assurance and is issued by the certifying authorities.Class 3 DSC is issued to individuals and organisations.Class 3 DSC IS used for the filing of electronic documents and electronic tenders and auctions, e-bidding e-auctioning, patent filing, corporate logos E-filing, VAT returns E-filing, TDS returns E-filing, income tax E-filing, word or PDF signatures and more. This certificate is issued to individuals who are physically present before Certifying authorities. It is used primarily in online trading platforms and e-commerce portals, which involve large amounts of money and highly sensitive data.
Digital Signature and Digital Certificate are both Security steps when signing electronic documents. They have slightly different definitions and applications, but they remain the same in the scope in which they can be useful. Although both security measures are different in the ways they are applied and the context with which they are implemented, a digital signature and a digital certificate. The software industry tends to use acronyms and phrases that either appear to align with other similar phrases, or that are a minor variation on an expression, but with widely different meanings. We will address the distinction between digital signatures and digital certificates in this blog post.