Digital signature validity on contract notes affirmed; brokers may issue digitally signed notes subject to certified signature and client agreement. Use of digital signatures on securities contract notes is legally valid under the Information Technology Act. Brokers may issue contract notes authenticated by digital signatures provided they have obtained a digital signature certificate from a Certifying Authority under the Act. Client confirmation procedures are to be as specified in the broker-client agreement.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Digital signature validity on contract notes affirmed; brokers may issue digitally signed notes subject to certified signature and client agreement.
Use of digital signatures on securities contract notes is legally valid under the Information Technology Act. Brokers may issue contract notes authenticated by digital signatures provided they have obtained a digital signature certificate from a Certifying Authority under the Act. Client confirmation procedures are to be as specified in the broker-client agreement.
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