What is Electronic Signature?
According to Section 2(1)(ta) of the Information Technology Act, 2000 “Electronic signature means the authentication of any electronic record by a subscriber by means of the electronic technique as specified under the second schedule and also includes a digital signature.”
Electronic signatures are electronic representations of an individual’s identity that serve as proof of permission and acquiescence to the facts of the provided signature. Overall, it is a confirmation from the signatory that he agrees to the written format of the same electronically. It is critical to check that it is signed by the authorized signatory and that the document has not been modified.
Digital Signature, Electronic Signature & Authentication of Electronic Records
Digital contracts have increased owing to several dynamic variables, including technical advancements and globalization. These reasons have accelerated the rising trend of digitalizing commercial business structures and transactions. As a result, the number of digital contracts and electronic records has increased dramatically. E-commerce enterprises use digital contracts to conduct and finalize transactions online. Even in India, the reliance on digital contracts and electronic records is very high.
Key Takeaways
- Digital signatures and electronic records are an ideal technique to transition to e-government.
- To execute the digital agreements and give them legal impact under Indian contract rules, the parties to the transaction must declare their permission by digital signature.
- The regulatory framework has implemented the digital signature setup to ensure time savings and transparency.
- It ensures that the original data is not altered throughout the transit from sender to recipient.
- The rules and regulations of the Information Technology Act 2000 have their foundation in the UNCITRAL Model Law on E-Commerce.
Table of Content
- What is Digital Signature?
- What is Electronic Signature?
- Authentication of Electronic Records: Section 3
- Conclusion
- Digital Signature, Electronic Signature & Authentication of Electronic Records- FAQs