Digital transaction exclusions preserve statutory non-applicability for negotiable instruments, trusts, testamentary dispositions, and immovable-property conveyance contracts. Section 49 substitutes the First and Second Schedules under the Information Technology Act, 2000. The First Schedule excludes negotiable instruments other ... Summary
Digital transaction exclusions preserve statutory non-applicability for negotiable instruments, trusts, testamentary dispositions, and immovable-property conveyance contracts.
Section 49 substitutes the First and Second Schedules under the Information Technology Act, 2000. The First Schedule excludes negotiable instruments other than cheques, powers of attorney, trusts, wills and other testamentary dispositions, and contracts for sale or conveyance of immovable property or interests in it. The Second Schedule concerns electronic signature or electronic authentication techniques and procedures, without specifying an individual technique or procedure.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.