Leegality provides a complete eSignature and digital document workflow solution to 2500+ businesses across the country. It’s secure, legally acceptable, tamper proof, quick, and convenient.
The Indian government levies a tax, known as stamp duty, on certain agreements. This is paid to gain access to a stamp paper which must be affixed to contract documents for them to be valid.
Aadhaar eSign is a simple process that allows people to sign documents using their Aadhaar-linked mobile number or email address. It improves security and reduces fraud by ensuring that only the person authorized to sign the document can use it. It also creates a more complete audit trail by displaying the date and time that the document was signed.
Unlike traditional digital signatures, which require a hardware token to work, Aadhaar eSign can be used on any computer or phone with an internet connection. This makes it easy for people to sign documents on the go or from home. It also helps to save money and increase productivity.
Aadhaar eSign uses an OTP sent to the signatory’s registered mobile number to verify the identity of the person signing a document. This makes the process safe and convenient for users, and it can be performed on any device with an internet connection. The service provides improved security and a more complete audit trail, while still being affordable and flexible for businesses.
Using the Aadhaar eSign service, individuals can electronically sign documents. This is a secure and legally valid process. It replaces traditional handwritten signatures. It also reduces the time and cost associated with executing paperwork.
To use Aadhaar eStamping, the signatory must have a digital signature token and a valid Aadhaar number. The eStamping process is free and can be done online. This is a huge improvement over the previous system, which required an expensive USB-based digital signature token.
To verify e-stamping, visit the e-Stamping website and click “Verify e-stamp”. In the ‘From’ field, enter the date from which you intend to make your leave and license agreement effective. In the ‘Payment’ field, mention the government reference number and the payment date you have received. You can pay by cash, demand draft, cheque or NEFT/RTGS. Once your e-stamping is verified, you can download the stamped document from the site. This is the final copy of your e-stamping certificate, so keep it safe.
Aadhaar Stamp Duty
Aadhaar has opened up numerous avenues for private enterprises, and this is proving to be a boon for the Startup world. These include e-signature solutions, which help businesses in their everyday operations. These solutions can be provided through various channels like Maha e-Seva Kendras, CSCs and more.
These services are designed to empower people, and the government is looking at ways to incorporate them in rural areas as well. In the long run, this will give the country a much-needed economic boost.
Another benefit of Aadhaar is its ability to track immovable property transactions and help the government enforce the Benami Transaction Act. This will reduce and eventually eliminate black money in the real estate sector. Besides, it will also make it difficult for people to acquire properties in benami names. In this way, the law will become more transparent and will prevent misuse of public funds.
Document Automation helps organisations to close major friction points in the documentation process. It eliminates the need for manual reproduction of documents, and it can be applied to a wide range of different types of paperwork. This allows businesses to scale their operations and improve operational efficiency.
Creating a successful document automation project starts with identifying the problems that need to be solved. This includes gathering data on current processes, such as how long it takes to produce each contract and how often errors occur.
It is also important to select the right documents to automate. For example, some documents are too complex to automate. Ideally, the first set of templates should include a mix of simple and easy contracts, with one or two more complex ones. This will help ensure that the system is used in a way that makes sense for your users, and will improve their experience. Another important consideration is identifying replicated data points and standardizing them whenever possible. This will save your end-users time and improve the overall user experience.