Simplifies Digital Document Execution, Stamp Duty Payments
KD NEWS SERVICE
LEH, LADAKH, Nov 29: Stock Holding Corporation of India Limited (StockHolding), a key subsidiary of IFCI Limited, has taken a significant step towards modernizing legal processes in Ladakh by launching its innovative platform, StockHolding Digidoc.
The ceremonial inauguration was conducted by Dr. Pawan Kotwal, IAS, Advisor and Principal Secretary (Revenue) of Ladakh, at Leh. The event witnessed the presence of senior officials including Michael M.D. Sauza, Inspector General of Registration, and Deputy Commissioners Shrikant Balasaheb Suse (Kargil) and Santosh Sukhdeve (Leh), along with other registrars and sub-registrars of the region.
StockHolding officials, including COO Manoj Parida, e-Services Head Shashikant Nayak, and senior managers, also participated in the event through virtual mode.
A New Era in Legal and Document Management
StockHolding Digidoc is a cutting-edge platform designed to facilitate seamless digital execution of documents and contracts while enabling instant stamp duty payments. By digitizing non-registrable and optionally registrable documents, the platform is set to significantly reduce turnaround times and improve service accessibility for individuals, businesses, and legal professionals in Ladakh.
The initiative aligns with the government’s Digital India and Ease of Doing Business campaigns, supporting transparency, convenience, and accessibility. Under the provisions of the Information Technology Act of 2000, digitally executed documents hold the same legal validity as physical ones, ensuring that users can process and utilize documents instantly and securely.
Key Features of StockHolding Digidoc:
Real-time Execution: Digital execution of documents can be completed instantaneously, regardless of geographical barriers.
Convenience: Users can execute documents from anywhere, at any time, ensuring flexibility and efficiency.
Legal Compliance: All digitally executed documents meet the requirements of the IT Act, 2000, ensuring full legal validity.
Manoj Parida, COO of StockHolding, highlighted the benefits of Digidoc, emphasizing its potential to transform document execution practices:
“Digidoc allows real-time, compliant, and convenient execution of legal documents, empowering users with flexibility and reliability. It’s a significant step in reducing administrative burdens and enhancing transparency.”
E-Services Head Shashikant Nayak echoed these sentiments, stating:
“We are thrilled to introduce Digidoc in Ladakh, reaffirming our commitment to providing innovative digital solutions. This platform aligns with the government’s vision for digital empowerment and aims to streamline legal processes, making them accessible to all.”
Impact in Ladakh and Beyond
StockHolding has been at the forefront of e-Stamping services for over 16 years, serving 24 states and union territories. In Ladakh, the company has provided its services for the past five years, helping simplify document-related processes for residents and businesses.
By introducing Digidoc, StockHolding has strengthened its leadership in digital innovation, ensuring Ladakh benefits from faster legal processes, reduced administrative hurdles, and improved accessibility. This initiative is expected to create a ripple effect, inspiring the adoption of similar platforms nationwide.
It is pertinent to mention here that StockHolding, established in 1986 as a subsidiary of IFCI, is India’s premier custodian and depository participant, headquartered in Mumbai. Renowned for its pioneering role in e-stamping and financial market services, StockHolding remains committed to driving innovation and digital transformation across India.
