Law of Electronic Signatures and Transactions No. 78 of 2012
Plain-English summary
Recognises electronic signatures and records and provides for licensed certification authorities. Chapter Seven (Arts. 24-27) covers electronic fund transfers: Art. 27 leaves the rules for electronic transfers to a system proposed by the Central Bank of Iraq. The text contains no criminal offences. Presidency Council Resolution No. 70 issued it on 18 October 2012; Official Gazette issue 4256 of 5 November 2012.
Who it applies to
All industries
Topics
Cybersecurity & IT RiskPayments & Fintech / Digital Assets
The Reserve Bank of India imposed a monetary penalty of ₹3.10 lakh on Ola Financial Services Private Limited for non-compliance with KYC directions under the Payment and Settlement Systems Act, 2007. Following a…
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