After successfully launching e-Stamping in several parts of the country Stock Holding Corporation of India (SHCIL) is all set to launch e-Stamping in Mahrashtra. This is going to help curb forgery as e-Stamping is computer based stamping of documents where the database is maintained electronically rather than physically stamping of the documents, a process which attracted forgery. SHCIL has been authorised by the Union Government to act as central record keeping agency for the e-Stamping project.
SHCIL's job now also include depository, broking, derivatives and retailing of third party financial servicesto institutional clients and retail investors.
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