The Information Technology Act, 2000 in India provides legal recognition to which of the following?

A. Electronic books of accounts in banks

B. Electronic commerce

C. Electronic negotiable instrument

D. Electronic signature

E. Electronic sale and conveyance of immovable property

Choose the correct answer from the options given below: 

This question was previously asked in
UGC NET Paper 2: Commerce 4th March 2023 Shift 2
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  1. A, B and C only
  2. C, D and E only
  3. B, D and E only
  4. A, B and D only

Answer (Detailed Solution Below)

Option 4 : A, B and D only
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UGC NET Paper 1: Held on 21st August 2024 Shift 1
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50 Questions 100 Marks 60 Mins

Detailed Solution

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The correct answer is A, B and D only.

Key Points

  • Electronic books of accounts in banks :
    • This is correct.
    • The Information Technology Act, 2000 in India does provide legal recognition to electronic books of accounts in banks.
    • The Act permits the retention of documents in the electronic form, which includes electronic books of accounts.
  • Electronic commerce:
    • This is also correct.
    • The Information Technology Act, 2000 provides legal recognition for transactions carried out by means of electronic data interchange and other means of electronic communication, commonly referred to as "electronic commerce".
  • Electronic negotiable instrument:
    • This is not correct.
    • The Information Technology Act, 2000, does not specifically provide legal recognition to electronic negotiable instruments.
    • Negotiable instruments have their own law called the Negotiable Instruments Act, 1881. 
  • Electronic signature:
    • This is correct.
    • The Information Technology Act, 2000 does provide legal recognition to electronic signatures, which are considered equivalent to handwritten signatures, and are often used to authenticate electronic records.
  • Electronic sale and conveyance of immovable property:
    • This is not correct.
    • The Information Technology Act, 2000 does not provide for legal recognition of electronic sale and conveyance of immovable property.
    • The sale and conveyance of immovable property is governed by other laws in India like the Transfer of Property Act, 1882 and The Registration Act, 1908.
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