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Business Law Important Topics  UNIT - 6:  INFORMATION TECHNOLOGY ACT 2000 INFORMATION TECHNOLOGY ACT, 2000 Objectives of IT Act 2000 Digital signature Electronic Governance Penalties and Adjudication If you found this useful then share with others as sharing knowledge means gaining knowledge. If you have any doubt then use the comment section below. If you want to download this as study material, drop me a message in the below contact form and lastly if you want latest Accounting lessons, study materials, IQ lists and many more like this then subscribe my blog with your email and start your journey with Learn At Ur Desk. Units Related to B.Law: Click the below links for more details: INTRODUCTION TO THE CONTRACT ACT 1872 CONTRACT ACT 1872 part II  SALE OF GOODS ACT 1930 CONSUMER PROTECTION ACT 1986 INTELLECTUAL PROPERTY RIGHTS ENVIRONMENT PROTECTION ACT 1986

PENALTIES AND ADJUDICATION Chapter IX containing section 43 to 47 is important as it deals with penalties and adjudication Penalties for damage to computer, computer system etc. (Sec 43): Section 43 provides compensation not exceeding 1 core for damage caused to any computer network by introduction of computer virus, unauthorized access and other mischief. If any person without permission of the owner or any other person who is in charge of a computer, computer system or computer network does the following – a) Access to such computer, computer system or computer network; b) Download, copies or extracts any data; c) Introduce or cause to be introduced any computer contaminant or virus; d) Damages or causes to be damaged any data residing in such computer, computer system or computer network; e) Disrupt or cause disruption of any computer, computer system or computer network; f) Denies or causes the denial of access to any person authorized to access by any means; ...

ELECTRONIC GOVERNANCE The electronic governance is an equally issue in e-commerce. The sections 4-10 of the IT Act, 2000 provides for various rules that govern the transactions made electronically. E-Governance comprises of making rules and regulations to govern the electronically made transactions. The various rules are as follows: 1. Legal recognition to Electronic Record (Section 4): Section 4 of the Act gives recognition to electronic records and provides that where any law requires that any information or matter should be in the typewritten or printed form, then such requirement shall be deemed to be satisfied if such information is i) Rendered or made available in an electronic form and ii) Accessible so as to be usable for a subsequent reference. 2. Legal recognition to Electronic Signatures (Section 5): Section 5 is the main provision, which provides for the legal recognition of electronic/digital signatures as a substitute for handwritten signatures. It provid...

DIGITAL SIGNATURE “ Digital Signature means authentication of any electronic record by a subscriber by means of any electronic method or procedure in accordance with the provisions of section 3”.  U/S 2 (p) Section 3 of the IT Act, 2000 provides the conditions under which an electronic record may be authenticated by affixing digital signatures. The digital signatures have been recognized as a valid means to authenticate the electronic transactions made in the business world. The Information Amendment Bill, 2008 has changed the heading of the chapter from Digital Signature to “Electronic Signature”. The provisions of section 3 are given as under: 1. Subject to the provision of this section any subscriber may authenticate an electronic record by affixing his digital signature. (Sec. 3(1)) 2. The authentication of the electronic record shall be effected by the use of asymmetric crypto system and hash function which envelop and transform the initial electronic record into...

OBJECTIVES OF IT ACT 2000 There is no doubt that the technological changes have brought many benefits, but because of its low cost and ease of use, it has also brought with it certain disadvantages such as fraudulent scams, hacking, introducing viruses etc. around the globe. Hence, to facilitate e-commerce, the need for legal changes has become an urgent necessity. For this purpose, the Government of India enacted a new law in the year 2000 known as the Information Technology Act, 2000. IT Act 2000 is the Indian Cyberlaw. Information technology law governs the processing and dissemination of information electronically. These are paper laws for a paperless environment. These are technology-intensive laws to control and safeguard electronic transactions in the electronic medium. Objectives of the Act Cyberlaw is the field of law dealing with computers and internet including such issues as intellectual property rights, freedom of expression and free access to information. The pa...