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Introduction of Information Technology Act 2000 Information technology is one of the important

law relating to Indian cyber laws. It had passed in Indian parliament in 2000. This act is helpful
to promote business with the help of internet. It also set of rules and regulations which apply on
any electronic business transaction. Due to increasing crime in cyber space, Govt. of India
understood the problems of internet user and for safeguarding the interest of internet users, this
act was made. The following are its main objectives and scope:- 1. It is objective of I.T. Act
2000 to give legal recognition to any transaction which is done by electronic way or use of
internet. 2. To give legal recognition to digital signature for accepting any agreement via
computer. 3. To provide facility of filling document online relating to school admission or
registration in employment exchange. 4. According to I.T. Act 2000, any company can store
their data in electronic storage. 5. To stop computer crime and protect privacy of internet users.
6. To give legal recognition for keeping books of accounts by bankers and other companies in
electronic form. 7. To make more power to IPO, RBI and Indian Evidence act for restricting
electronic crime. Scope Every electronic information is under the scope of I.T. Act 2000 but
following electronic transaction is not under I.T. Act 2000 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.
Highlights the main chapters of I.T. Act 2000 or its main provisions:- There are 13 chapters in
law and all provision is included in this chapters. 1. Chapter II Any contract which is done by
subscriber. If he signs the electronic agreement by digital signature. Then it will be valid. In case
bank, the verification of digital signature can be on the basis of key pair. 2. Chapter III This
chapter explains the detail that all electronic records of govt. are acceptable unless any other
law has any rules regarding written or printed record. 3. Chapter IV This chapter deals with
receipts or acknowledgement of any electronic record. Every electronic record has any proof
that is called receipt and it should be in the hand who records electronic way. 4. Chapter V This
chapter powers to organization for securing the electronic records and secure digital signature.
They can secure by applying any new verification system. 5. Chapter VI This chapter states that
govt. of India will appoint controller of certifying authorities and he will control all activities of
certifying authorities. Certifying authority is that authority who issues digital signature
certificate. 6. Chapter VII In this chapter powers and duties of certifying authority is given.
Certifying authority will issue digital signature certification after getting Rs. 25000. If it is against
public interest, then C.A. can suspend the digital signature certificate. 7. Chapter VIII This
chapter tells about the duties of subscribers regarding digital signature certificate . It is the duty
of subscriber to accept that all information in digital signature certificate that is within his
knowledge is true . 8. Chapter IX If any body or group of body damages the computers ,
computer systems and computer networks by electronic hacking , then they are responsible to
pay penalty upto Rs. 1 crore . Fore judgment this , govt. can appoint adjucating officer . 9.
Chapter X Under this chapter, cyber regulation appellate tribunal can be established. It will solve
the cases relating to orders of adjudicating officers. 10. Chapter XI For controlling cyber Crime,
Govt. can appoint cyber regulation advisory committee who will check all cyber crime relating to
publishing others information. If any fault is done by anybody, he will be responsible for paying
Rs. 2 lakhs or he can get punishment of 3 years living in jail or both prison and penalty can be

given to cyber criminal. 11. Chapter XII Police officers have also power to investigate dangerous
cyber crime under IPC 1860 , Indian Evidence Act 1872 and RBI Act 1934 . Advantages of I.T.
Act 2000 1. Helpful to promote e-commerce Email is valid Digital signature is valid.
Payment via credit card is valid. Online contract is valid Above all things validity in eye of
Indian law is very necessary. After making IT act 2000 , all above things are valid and these
things are very helpful to promote e-commerce in India . 2. Enhance the corporate business
After issuing digital signature, certificate by Certifying authority, now Indian corporate business
can enhance. 3. Filling online forms :- After providing facility, filling online forms for different
purposes has become so easy. 4. High penalty for cyber crime Law has power to penalize for
doing any cyber crime. After making of this law, nos. of cyber crime has reduced. Shortcoming
of I.T. Act 2000 1. Infringement of copyright has not been included in this law. 2. No protection
for domain names. 3. The act is not applicable on the power of attorney, trusts and will. 4. Act is
silent on taxation. 5. No, provision of payment of stamp duty on electronic documents - See
more at: http://business.svtuition.org/2009/11/what-is-information-technology-act2000.html#sthash.TX82WlG9.dpuf

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