Section No
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V. SECURE ELECTRONIC
RECORDS AND SECURE ELECTRONIC SIGNATURES
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V |
14 |
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Secure Electronic Record |
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Where any security
procedure has been applied to an electronic record at a specific
point of time, then such record shall be deemed to be a secure
electronic record from such point of time to the time of
verification.
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15 |
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Secure Electronic
Signature (Substituted vide ITAA 2008) |
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An electronic signature
shall be deemed to be a secure electronic signature if-
(i) |
the signature
creation data, at the time of affixing signature, was
under the exclusive control of signatory and no other
person; and |
(ii) |
the signature
creation data was stored and affixed in such exclusive
manner as may be prescribed |
Explanation- In case of digital
signature, the "signature creation data" means the private
key of the subscriber
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16 |
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Security procedures
and Practices (Amended vide ITAA 2008) |
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The Central Government
may for the purposes of sections 14 and 15 prescribe the
security procedures and practices
Provided that in
prescribing such security procedures and practices, the
Central Government shall have regard to the commercial
circumstances, nature of transactions and such other related
factors as it may consider appropriate.
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