1) E-commerce has led to legal issues as business and consumers increasingly conduct transactions online. Security concerns make people reluctant to do online business. 2) Laws are needed to provide predictability for online transactions and protect internet users. The UNCITRAL Model Law on Electronic Commerce establishes rules for forming legally-valid electronic contracts across jurisdictions. 3) The Model Law aims to validate electronic contracts, define electronic writings and signatures, and support the use of computer evidence in legal proceedings. This framework makes online business transactions more consistent and predictable.

1. to all…

2. REGULATORY FRAMEWORK OF
E- COMMERCE

3.  Business firms and consumers are increasingly using
computers to create, transmit and store information in
the electronic form. Thus growth of e-commerce gave rise
to a variety of legal issues.
 Although communication through electronic media is more convenient
and cheap, people are usually reluctant to do business due to the security
concerns.
 Thus there exist the need for an adequate legal framework to protect the
internet of those who trade over Internet.
INTRODUCTION

4. LAWS ON INTERNET
 The issue of laws on the Internet is a complex one. Laws give
people certainties about their rights and responsibilities: they
make their life more predictable. Without predictability, business
will not be able to act efficiently, or price services effectively.

5.  Cyber Laws
 Information Technology Act – 2000
 Information Technology Act - 2008
LAWS ON INTERNET

6. CYBER LAWS
• A lot of business transactions including e – commerce transactions
can be conducted through electronic channels without any
geographical barrier.
• The legal framework supporting commercial transactions has to be
consistent and predictable regardless of the jurisdiction in which a
particular buyer and seller live.
• The United Nations Commission on International Trade Law
(UNCITRAL) has drafted a Model Law that support the commercial
use of International contracts in electronic commerce, known as
UNCITRAL Model Law on Electronic Commerce 1996.

7. MODEL LAW
The Model Law establish rules and norms that validate and recognize
contracts formed through electronic means, set default rules for contract
formation and governance of electronic contract performance, defines the
characteristics of a valid electronic writing and an original document provide
for the acceptability of the electronic signatures for legal and commercial
purpose and support the admission of computer evidence in courts and
arbitration proceedings.