2. OBJECTIVES OF IT ACT
The Information Technology (IT) Act, 2000, provides a framework to
promote electronic communications in secured environment legally.
Information stored in electronic form has many advantages. It is
cheaper, creates paper free environment, easier to store and retrieve.
But due to lack of appropriate legal framework and security of
transactions, users are reluctant to conduct business online. IT Act
provides for a regulatory regime to facilitate reliable e-commerce and
e-governance.
• to provide legal recognition for transactions carried out by means
of electronic data interchange and other means of electronic
communication, commonly referred to as “electronic commerce”.
• to facilitate electronic filing of documents with the Government
agencies and
• to amend the Indian Penal Code, the Indian Evidence Act, 1872,
the Bankers’ Books Evidence Act, 1891 and the Reserve Bank of
India Act, 1934 and for matters connected therewith or incidental
thereto.
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• Legal recognition of Electronic records.
• Legal recognition of digital signatures.
• Secured electronic communication
• Accessing and retrieving records electronically
• Submission of contracts and records
electronically
• Use of authentication in case of digital
signatures
• Message integrity by maintaining all standards
uniformity
• Use of electronic means for acceptance of
contracts and their publication in official
gazette
• To prevent all types of crimes related to
electronic records such as fraud, forgery etc.
4. SCOPE OF IT ACT
1. Information technology act 2000 is not applicable on
the attestation for creating trust via electronic way.
Physical attestation is must.
2. I.T. Act 2000 is not applicable on the attestation for
making will of any body. Physical attestation by two
witnesses is must.
3. A contract of sale of any immovable property.
4. Attestation for giving power of attorney of property is
not possible via electronic record.
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5. ADVANTAGES OF IT ACT 2000
• HELPFUL TO PROMOTE E. COMMERCE
• ENHANCE THE CORPORATE BUSINESS
• FILING ONLINE FORMS
• HIGH PENALTY FOR CYBER CRIME
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