Electronic cheque regulation permits Information Technology Act application with necessary modifications and parliamentary oversight of Gazette notifications. Section 81A applies the Information Technology Act, 2000 to electronic cheques and truncated cheques, subject to modifications necessary to give effect to ... Summary
Electronic cheque regulation permits Information Technology Act application with necessary modifications and parliamentary oversight of Gazette notifications.
Section 81A applies the Information Technology Act, 2000 to electronic cheques and truncated cheques, subject to modifications necessary to give effect to the Negotiable Instruments Act, 1881. The Central Government may prescribe such adaptations by Official Gazette notification after consultation with the Reserve Bank of India. Notifications require parliamentary laying and may be modified or disapproved by both Houses, without affecting prior actions taken under them.
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