Electronic and truncated cheques receive information technology law coverage, subject to prescribed adaptations and parliamentary scrutiny. Section 81A applies the Information Technology Act, 2000 to electronic cheques and truncated cheques. The Central Government may, in consultation with the ... Summary
Electronic and truncated cheques receive information technology law coverage, subject to prescribed adaptations and parliamentary scrutiny.
Section 81A applies the Information Technology Act, 2000 to electronic cheques and truncated cheques. The Central Government may, in consultation with the Reserve Bank of India, make necessary adaptations through Official Gazette notification for the purposes of the Negotiable Instruments Act, 1881. Such notifications are subject to parliamentary laying, modification or annulment, without invalidating prior actions. The expressions electronic cheque and truncated cheque have the meanings assigned under the Negotiable Instruments Act, 1881.
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