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18BSPDD01C0173
CYBER LAWS APPLICATION OF INFORMATION
TECHNOLOGY ACT.
Cyber law is associated with all the areas of business which have a technological bend. In this
article, we will look at six areas of concern for a cyber law namely, e-commerce, online
contracts, business software patenting, e-taxation, e-governance, and cyber crimes.
The Information Technology Act, 2000 or ITA, 2000 or IT Act, was notified on October 17,
2000. It is the law that deals with cybercrime and electronic commerce in India. In this article,
we will look at the objectives and features of the Information Technology Act, 2000.
Grant legal recognition to all transactions done via electronic exchange of data or
other electronic means of communication or e-commerce, in place of the earlier paper
based method of communication.
Give legal recognition to digital signatures for the authentication of any information
or matters requiring legal authentication.
Facilitate the electronic filling of documents with Government agencies and also
departments.
Facilitate the electronic storage of data
Give legal sanction and also facilitate the electronic transfer of funds between banks
and financial institutions.
Grant legal recognition to bankers under the Evidence Act, 1891 and the Reserve
Bank of India Act, 1934, for keeping the books of accounts in electronic form.
A new law called Competition Act 2002 has been enacted on 10th September, 2007 by the
Parliament to replace the extant law, MRTP Act 1969. This act provides with the economic
development of the country for the establishment of a commission to prevent practises having
adverse effect on competition to promote and sustain competition in markets to protect the
interests of consumers and to ensure freedom of trade carried on by others participants in
markets in India and for matters connected therewith or incidental thereto.
Abuse of Dominance
Dominance means a position of strength enabling an enterprise to operate
independently of competitive pressure and to appreciably affect the relevant
market, competition and consumers. No enterprise or group shall abuse its
dominant position. There shall be an abuse of dominant position if an enterprise or
group
Competition Advocacy
Aim is to foster conditions that will lead to a more competitive market
structure and business behavior without the direct intervention of the
Competition Law Authority. For promotion of competition advocacy and
creation of awareness about competition issues, the Commission may take
suitable measures to:
- Promote competition advocacy
- Create public awareness
- Impart training about competition
Now the main aim of the CCI is to implement the modern competition laws and philosophy of
the Competition Act, 2002. It ensures that there are no unfair practices in the market that have a
negative impact on healthy competition. This is because healthy competition is good for the
consumers of a market. Monopolistic competition or other unfair practices have an adverse
effect on economic growth.
Objectives of the CCI
Prevent policies and practices which have an adverse effect on constructive competition
in the economy