Central Depository Services subsidiary gets CCA approval for eSign services

Central Depository Services (India) Limited said that The Controller of Certifying Authorities (CCA) has granted approval to the company’s fully-owned subsidiary — CDSL Ventures Limited (CVL) to provide eSign services.

Furthermore, CCA has empanelled CDSL Ventures as an eSign service provider (ESP) to provide eSign services to application service providers (ASP) based on online Aadhaar eKYC.

CDSL Ventures’ Aadhaar-based eKYC services combined with the eSign service will enable intermediaries to provide seamless online account opening, said Central Depository Services (India), a Mumbai-based central securities depository.

Additionally, CDSL Ventures has launched an online account opening (OLAO) software to let intermediaries carry out online KYC and open demat and broking accounts of their clients.

The company’s OLAO is claimed to offer a thrust to seamless online account opening using online Aadhaar-based eKYC and eSign.

Sunil Alvares — MD and CEO of CDSL Ventures said: “The Government of India’s initiatives towards transforming the digital infrastructure is taking constructive shape and CDSL Ventures Limited is honoured to be an eSign service provider in the country as part of this vision. Our eSign services will accelerate the pace of change in ushering a paperless revolution in India.”