INTRODUCTION<br />The Information Technology Act, 2000, is a law specific to electronic communication. To facilitate the use of electronic medium, law has to recognize electronic means of communication as legally valid.<br />Thus, the Act provides for a legal recognition of transaction carried out through the exchange of electronic data and other means of electronic communication , which provides for some of these areas.<br />
Products can be displayed on a web site. Offers can be made to the website and accepted. This can be done without the person actually holding the goods.<br />Goods would need to be physically delivered to the buyer, but payment can be received by accessing the credit card agency or the bank of the buyer. In addition, information itself is a commodity, like books, journals, technical knowledge, etc. These can be instantly accessed through the electronic medium.<br />
ADVANTAGES OF INFORMATION TECHNOLOGY<br /><ul><li>It has significantly lowered the transaction costs.
It gives better information and access to buyers.
It also promote goods and services through internet.
Easy availability.</li></li></ul><li>PROTECTION<br />The Indian Parliament enacted the Information Technology Act, 2000, which provides fro some of these areas. The act has been modeled on a draft prepared by the united nations Commission on International trade Law (UNCITRAL).<br /> At present, many legal provisions assume the existence of paper-based records and documents. Often only documents which bear signatures in hand, are considered legally valid.<br />.<br />
Continue…..<br />To facilitate the use of electronic medium, law has to recognize electronic means of communication as legally valid. Thus, the Act provides for a legal recognition of transactions carried out through the exchange of electronic data and other means of electronic communication<br />
DIGITAL SIGNATURE<br />The Act makes provisions for electronic signatures. It makes provisions for agencies which can issue ‘digital signature certificates’. A person possessing a signature, can attach it to a document.<br />The document thereafter, cannot be tampered with. The authenticity of the signature and the fact that it corresponds to a particular person can be verified.<br />
PUNISHMENT<br /><ul><li>The clause says that whoever transmits or publishes any material which is obscene, in electronic form, may be punished with imprisonment, for a term which may extend to two years, along with a fine which can go up to Rs 25,000 on the first conviction.
A second or subsequent infringement would raise the penalty to five years in jail and Rs 50,000 in fine.</li></li></ul><li>Continue……<br /><ul><li>The Law provides a penalty of up to Rs 10 lakh against hackers and those who spread viruses.
The act provides for a punishment of any offence by a person outside India, irrespective of his nationality, if an act or conduct constituting a violation of the IT law involves a computer, computer system or computer network located in India.</li></li></ul><li>