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LegalDesk.com, a start-up providing online documentation services, has launched an app that will enable a document to be electronically signed.
This is how eSignDesk works. The document must first be uploaded on the website. The Aadhaar number of the parties need to be entered. A one-time password (OTP) will then be sent to the mobile number registered with the Aadhaar card. On submission of the correct OTP, a digital signature will be generated by UIDAI and placed on the document. Once every stakeholder issues his or her digital signature using the same process, the document can be downloaded. Nandan Nilekani Former Chairman of UIDAI, said this can make the entire documentation process paperless, thereby, saving costs and protecting the environment.
"With over one billion Aadhaar card holders and an equal number of transactions happening annually, digital signatures are a huge opportunity," said Krupesh Bhat, founder of LegalDesk.com.
The eSign service conforms to the Information Technology Act, 2000, and is therefore valid. The start-up has also launched an app called ‘Rental Agreement’ to enable users to create rental agreements or leases, opt for stamp paper printing and delivery services, while also making payments for the same using their smartphones. It is priced at Rs 200 per document, added Bhat.
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