Electronic Signatures Make E-Commerce Transactions Invalid

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Electronic Signatures Make E-Commerce Transactions Invalid www.ambitionias.com
  • The Information Technology Act 2000 recognizes only digital signatures and legally invalidates any other form of signatures, thereby risking the increasing internet transactions and e-commerce market of India, estimated at $13 billion.
  • An ongoing public interest litigation has raised the issue of govt’s failure to issue notifications for electronic signatures stipulated in the IT act and sought directions to the govt for taking measures to safeguard the interests of the country’s huge Internet economy which presently has no legal standing.
  • The application has sought a direction to the popular social networking site, Facebook, to modify its grievance mechanism by making a specific provision for redress of grievances and complaints to be authenticated through digital signatures.
  • It has sought Facebook to modify its grievance systems by introducing specific provisions to authenticate complaints through digital signatures.
  • It has also sought initiation of contempt proceedings against the Union IT Secretary for its failure to comply with the provision of appointment of grievance officers by other intermediary companies as per last year’s High Court’s order  as this was causing huge risk to the safety of children and citizens of the country.
  • A Division Bench of the High Court had noted in its order of October 30 last year that Schedule II of the IT Act, referred to by Section 3-A of the Act dealing with electronic signatures, was till date blank.
  • Read at: http://www.thehindu.com/todays-paper/tp-national/tp-newdelhi/electronic-signatures-may-make-ecommerce-transactions-invalid/article6003244.ece

Exams Perspective:

  1. What is an electronic signature?
  2. What is a digital signature?
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