2. The Need?
To keep up with the modernization
The Contract Act had its own limitations
3. IT Act 2000
• Based on the model of electronic commerce adopted
by the UN Commission on international trade law in
1996.
• provides legal recognition to electronic commerce
transactions, allows the electronic filing of
documents, and penalizes computer-related crimes.
• Cyber law is the law relating to computer
communications and the internet and is referred to
as ICT law.
• ICT law covers e-commerce, e-governance,
Intellectual property, data security, cyber crimes
and issues of privacy.
4. 1 2
Objectives
Give legal
recognition to
digital signatures
for the
authentication of
any information or
matters requiring
legal authentication
Grant legal
recognition to all
transactions done
via electronic
exchange of data
or other electronic
means of
communication or
e-commerce, in
place of the earlier
paper-based
method of
communication.
Facilitate the
electronic filing of
documents with
Government
agencies and also
departments
Facilitate the
electronic storage
of data
Give legal sanctions
and also facilitate the
electronic transfer of
funds between banks
and financial
institutions
3 4 5
5. 1 2
Features
Legal recognition
for digital
signatures.
All electronic
contracts made
through secure
electronic
channels are
legally valid.
Security measures
for electronic
records and also
digital signatures
are in place
The Act applies to
offences or
contraventions
committed outside
India
Digital Signatures will
use an asymmetric
cryptosystem and also
a hash function
3 4 5
