Electronic and truncated cheques fall under the Information Technology framework, subject to notified adaptations and parliamentary oversight. Section 81A applies the Information Technology Act, 2000 to electronic and truncated cheques, subject to adaptations needed to give effect to the ... Summary
Electronic and truncated cheques fall under the Information Technology framework, subject to notified adaptations and parliamentary oversight.
Section 81A applies the Information Technology Act, 2000 to electronic and truncated cheques, subject to adaptations needed to give effect to the Negotiable Instruments Act, 1881. The Central Government may make adaptations by Official Gazette notification after consultation with the Reserve Bank of India. Such notifications are subject to parliamentary laying, modification, or annulment, without affecting the validity of prior actions.
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