An Act to provide legal recognition for transactions carried out by means of electronic data interchange and other means of electronic communication, commonly referred to as "electronic commerce", which involve the use of alternatives to paper-based methods of communication and storage of information, to facilitate .
The laws apply to the whole of India. Persons of other nationalities can also be indicted under the law, if the crime involves a computer or network located in India.
The Act provides legal framework for electronic governance by giving recognition to electronic records and digital signatures. The formation of Controller of Certifying Authorities was directed by the Act, to regulation issuing of digital signatures. It also defined cyber crimes and prescribed penalties for them. It also established a Cyber Appellate Tribunal to resolve disputes rising from this new law.
It is objective of I.T. Act 2000 to give legal recognition to any transaction which is done by electronic way or use of internet.
To give legal recognition to digital signature for accepting any agreement via computer.
- To provide facility of filling document online relating to school admission or registration in employment exchange.
- According to I.T. Act 2000, any company can store their data in electronic storage.
- To stop computer crime and protect privacy of internet users.
- To give legal recognition for keeping books of accounts by bankers and other companies in electronic form.
- To make more power to IPO, RBI and Indian Evidence act for restricting electronic crime.