Electronic cheque regulation permits notified adaptations, while parliamentary scrutiny can modify or terminate their legal operation. Section 81A applies the Information Technology Act, 2000, to electronic cheques and truncated cheques, subject to modifications and amendments needed to ... Summary
Electronic cheque regulation permits notified adaptations, while parliamentary scrutiny can modify or terminate their legal operation.
Section 81A applies the Information Technology Act, 2000, to electronic cheques and truncated cheques, subject to modifications and amendments needed to give effect to the Negotiable Instruments Act, 1881. Such adaptations may be prescribed by Official Gazette notification after consultation with the Reserve Bank of India and are subject to parliamentary laying, modification or cessation of effect. Any such change does not affect the validity of acts previously done under the notification.
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