JOIN USThe government is likely to modify the Information Technology Act, 2000 to remove legal obstacles in e-commerce transactions as it seeks to further boost the rapidly expanding over $ 2-billion online shopping market in the country.
Under the proposed Communications Convergence Bill, the government plans to modify the IT Act, 2000 to provide legal recognition for transactions carried out using electronic data interchange and other means of electronic communication, sources said.
It also aims to draft a set of globally acceptable guidelines to increase the legal predictability for e-commerce and adopt the UN General Assembly's recommended Model Law on Electronic Commerce (MLEC), they added.
According to UN Commission on International Trade Law, MLEC seeks to enable and facilitate transactions done using electronic means by providing governments with internationally acceptable rules aimed at removing legal obstacles and increasing legal predictability for e-commerce.