The time period “Electronic Signature” is described below section 2(1) (ta) of the IT Act as “authentication of any digital esignature record by means of a subscriber by way of the electronic method exact inside the Second Schedule and includes virtual signature”. Second Schedule lays down the ES or electronic authentication approach and manner.
Are Electronic Signatures Safe?Why an e-signature is greater comfy than a moist signature
A not unusual query humans have is “Can my digital signature be forged, misused or copied?” The reality is, moist signatures can without problems be cast and tampered with, whilst electronic signatures have many layers of security and authentication built into them, along side court docket-admissible evidence of transaction.
Electronic document
Unlike wet signatures, e-signatures also include an electronic report that serves as an audit path and proof of the transaction. The audit trail includes the records of movements concerned with the file, inclusive of the info of while it was opened, considered and signed. Depending at the issuer, and if the signer agreed to permit get entry to to their location, the report may also show the geolocation wherein it turned into signed. If one of the signers disputes their signature, or if there’s any query about the transaction, this audit trail is to be had to all individuals inside the transaction and might solve such objections.
