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Information Technology Central Ministry of Electronics and Information of Technology Information Technology Act, 2000

Amendment in the documents or transactions to which the Information Technology Act, 2000 shall not apply

26-Sep-2022 | S.O. 4720(E)

The Ministry of Electronics and Information Technology has amended first schedule of Information Technology Act, 2000 which define the documents or transactions to which the act shall not apply .
By virtue of this amendment, the following documents to which the Act shall not apply : -
i. A negotiable instrument (other than a cheque, a Demand Promissory Note or a Bill of Exchange issued in favour of or endorsed by an entity regulated by the Reserve Bank of India, National Housing Bank, Securities and Exchange Board of India, Insurance Regulatory and Development Authority of India and Pension Fund Regulatory and Development Authority) as defined in section 13 of the Negotiable Instrument Act, 1881.
ii. The power-of-attorney as defined in section 1A of the Powers-of-Attorney Act, 1882 but excluding those power-of attorney that empower an entity regulated by the Reserve Bank of India, National Housing Bank, Securities and Exchange Board of India, Insurance Regulatory and Development Authority of India and Pension Fund Regulatory and Development Authority to act for, on behalf of, and in the name of the person executing them.

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