PRESENTATION ON

LAWS RELATING TO ONLINE TRANSACTION

Presented by :RAJESH MEENA B.COM(H),A

833
HARSH RAJ

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AGENDA

INTRODUCTION ETHICAL AND LEGAL ISSUES IT ACT 2000 PROVISION CONTAINED IN IT ACT 2000 AUTHENTICATION E-RECORDS UNDER IT ACT 2000 DIGITAL SIGNATURE CIVIL AND CRIMINAL OFFENCES UNDER IT ACT 2000 BIBLIOGRAPHY

INTRODUCTION
The value of E-commerce is increasing. The validity of E-transaction is established under IT act 2000. Increase of online frauds and scams. Laws have been enforced to make it applicable to E-commerce. Modification of traditional laws in respect to the e-commerce. Modification to the tradition laws.

ETHICAL AND LEGAL ISSUES

CORE ISSUES I. Privacy II. Security III. Intellectual property rights IV. Free speech V. Taxation VI. Gambling

OTHER LEGAL ISSUES

I.

II.
III. IV.

Advertisement Electronic payment Legality of digital signature Foreign direct investment

IT ACT 2000
Provides legal and regulatory framework for promotion of E-commerce . It was enacted on 7th June 2000. Officially gazette on 17th October. Applicable to whole of India.

PROVISION CONTAINED IN IT ACT 2000

Extends to whole of India. E-transaction will be legally valid. Security procedure for electronic records Appointment of certifying authorities and controller of certifying authorities. Act to apply for offences committed outside India. Network service providers to be liable in certain areas. Power of police officer to enter in public areas without warrant. And many other provisions are there.

IT ACT ENABLES:
Legal

recognition to electronic transaction. Electronic filing of documents. Electronic data interchange Acceptance of contract expressed by electronic means. Prevent computer crime, forged electronic records, international alteration of electronic records fraud.

AUTHENTICATION OF E-RECORDS IN IT ACT 2000

It comes under section 3(2) of IT act 2000. It is effected by use of asymmetric crypto system and hash function. it helps to transform initial electronic records into another form of electronic records.

DIGITAL SIGNATURE
It is a mathematical scheme for demonstrating the authenticity of a digital message or document. It is based on the RSA public key encryption system. In this the author keeps his/her private key secret and publishes corresponding public key. It identifies the owner of the public key asserted by a digital certificate.

CRIMINAL OFFENCE STIPULATED UNDER IT ACT 2000

Tampering of computer documents. Electronic forgery. Hacking with computer system. Confiscation of networks ,computer etc. Unauthorized access to protection system. Breach of confidentiality and privacy. Publishing false digital signature. Contravention by companies.

CIVIL OFFENCES STIPULATED BY IT ACT 2000

Copy or extract any data base. Unauthorized access and downloading files. Introduction of virus. Damage to computer system and computer network. Disruption of computer ,computer network.

OTHER PROVISION THAT ARE NOT COVERED UNDER IT ACT 2000

Negotiable instrument Trust Power of attorney Will Any contract for sale Conveyance of immovable property

BIBLIOGRAPHY
http://en.wikipedia.org/wiki/Digital_signature http://lexvidhi.com http://www.chaaban.info http://nicca.nic.in/pdf/itact2000.pdf http://www.nishithdesai.com www.lawisgreek.com Dr shushila madan refers book. Dr U.S pandey reference book.