- Facilitates Seamless Digital Document Execution and Stamp Duty Payment
- Accelerates Legal Processes
- Supports Government Initiatives for Digital India
Leh, Ladakh, November 29 2024: Stock Holding Corporation of India Limited (StockHolding), a key subsidiary of IFCI Limited, has officially launched its innovative platform, StockHoldingDigidoc, in Ladakh. The platform was ceremoniously inaugurated by Dr. Pawan Kotwal, IAS (Advisor and Principal Secretary Revenue) atLeh, Union Terriotory of Ladakh.Michael M D Sauza, Inspector General of Registration , UT Ladakh ( Secretary GAD), ShrikantBalasahebSuse, Deputy Commissioner, Kargil, Santosh Sukhdeve, Deputy Commissioner Leh, all the Registrars ( ADCs) and Sub Registrars ( ACRS & SDMS) of district Leh and Kargil were present on the occasion. StockHolding officials MrManojParida , COO , e-Services Head MrShashikantNayak, Mr. Amit Dassi, VP , Mr. ShreekantPatwardhan, VP , MrPramod Joshi, AVP, Mr. VivekKhurana, AVP, Mr. Joaquim Rodrigues, Senior Manager, Mr. Ehtesham Ahmad, Regional Manager and Mr. VikasSingla, Senior Manager attended the event through virtual mode.
StockHoldingDigidoc is a cutting-edge platform that enables the digital execution of documents and contracts, including the seamless payment of stamp duty. By offering a digital directory for non-registrable and optionally registrable documents, the platform aims to streamline processes, reduce turnaround time, and improve service accessibility for users.
The Information Technology Act of 2000 has empowered the digital execution of documents, granting them the same legal status as those physically signed. This ensures that once documents are digitally executed, they are immediately available for use, making the process fast, convenient, and legally compliant.
Digidocwill simplify document execution, making legal processes faster and more accessible.
Mr. ManojParida, Chief Operating Officer of StockHolding explains the key benefits of StockHoldingDigidoc which are;
- Real-time execution: Documents can be executed instantly, regardless of the geographical locations of the involved parties.
- Convenience: Users can execute documents from the comfort of their home or workplace, at a time that suits them.
- Legally compliant: All digitally executed documents are fully compliant with requirements of the IT Act, 2000
Mr. Pramod Joshi, AVP & Product Head explained the structure and features of the DIgidoc Product.
e-Services Head, MrShashikantNayakof StockHolding said, “We are delighted to introduce StockHoldingDigidoc in Ladakh, reaffirming our commitment to delivering innovative digital solutions to the public. This platform streamlines document execution, promotes transparency, reduces administrative complexities, and aligns with the Government’s ‘Ease of Doing Business’ initiative.”
He further added, “With the capability to execute legal documents digitally, anytime and anywhere, this platform is poised to bring immense value to individuals, businesses, and legal professionals. We are confident that StockHoldingDigidoc will transform document management practices, not just in Ladakh but across the country”.
StockHolding has been providing e-Stamping services for over 16 years in several States and Union Territories across India. In the UT of Ladakh it has been providing its services for the last 5 years.
About Stock Holding Corporation of India Limited (StockHolding)
StockHolding Corporation of India Limited (StockHolding), a Govt. Company, is India’s premier custodian and depository participant, with its Registered Office in Parel, Mumbai, Maharashtra. StockHolding, the pioneer in financial and capital markets services was established in 1986 as a public limited company and is a subsidiary of IFCI. StockHolding, renowned for its pioneering role in the e-stamp business, continues to maintain its leadership in this crucial sector. With the service adopted by 24 State Governments and Union Territories across the country, the company remains at the forefront of this vital industry. StockHolding is an authorised distributor of financial products and is also authorised by the Reserve Bank of India to distribute Govt. of India savings/relief bond 2003 and Sovereign Gold Bonds.
To know more, check out: https://www.stockholding.com/
