As amended by information technology amendment act 2008 2 it shall extend to the whole of india and, save as otherwise provided in this act, it applies also to any offence or contravention hereunder committed outside india by any person. This is my book where i have translated the information technology, 2000 act in marathi along with the it rules 2011 and some sections of ipr laws. Need for enactment of information technology act, 2000 in the knowledge society of 21st century, computer, internet and ict or e. It act 2000, information technology act 2000, bare act. Download free sample and get upto 30% off on mrprental. Section 3 of the act delivers for the verification of electronic records by affixing digital signature. This came to be known as it act 2000 it was amended in 2008. The merger of two firms is a complex event, involving the integration of two distinct entities with their own intricate organizational structures, cultures, business processes, and information technology it systems focarelli and panetta 2003. Information technology act 2000 linkedin slideshare.
A study on merger and amalgamation of companies under companies act, 20 1jeevitha selvaraj,2arya r 1 student, bba. Information technology act 2000 it act provisions and amendments it act 2000 as has been discussed earlier the it act 2000 was mainly to ensure legal recognition of e commerce within india. The information technology act, 2000, was thus passed as the act no. By means of a codification of recent practice, supplemented by quite detailed procedural provisions, this law makes available certain important new transactional tools for facilitating reorganisations.
As it is amended, it contains some of the most stringent privacy requirements in the world and has the unfortunate impact of holding intermediaries liable for illegal content. Uk merger control under the enterprise act 2002 pdf. Information technology act, 2000 as discussed in the first chapter, the government of india enacted the information technology i. Swiss merger act on july 1st, 2004, the new swiss merger act came into force. First 14 sections deals with some legal aspects concerning digital signature. The 18th day of october of this millennium, india witnessed the enactment of information technology act. India it act of 2000 information technology act termsfeed. Due to this most provisions are mainly concerned with establishing digital certification processes within the country. It amendment act 2008 2349 kb this pdf file is non accessible through use of assistive technologies i. This course is targeted for upsc, mpsc and other aspirants. The information technology act, 2000 provided that the central government may, by notification in the official gazette, amend the first schedule by way of addition or deletion of entries thereto.
Objectives of the it actto provide legal recognition for transactions. Uk merger control under the enterprise act 2002 5 3. This act may be cited as the technology transfer commercialization act of 2000. Ministry of law, justice and company affairs legislative department new delhi, the 9th june, 2000jyaistha 19, 1922 saka the following act of parliament received the assent of the president on the 9th june, 2000, and is hereby published for general information. Informationtechnologyact2000anoverview authorstream presentation. Mergers and acquisitions in technology, media, and. Department of telecommunications, ministry of communications, is responsible for formulating developmental policies aimed at accelerating growth of the telecommunication services. The information technology act, 2000 the fourth schedule see section 94 amendment to the reserve bank of india act, 1934 2 of 1934 in the reserve bank of india act, 1934, in section 58, in subsection 2, after clause p, the following clause shall be inserted, namely. What is information technology amendment act 2008 it act. Information technology act 2000 anoverview authorstream presentation. When a new infor mation technology emerges, several issues arise. Information technology act 2000, has chapters, 94 sections and 4 schedules. The inspector of police the dvr is an electronic record within the meaning of section 2t of the information technology act, 2000, as it stores data in electronic form and is also capable of output.
In may 2000, both the houses of the indian parliament passed the information technology bill. Appendix b is a sample time and responsibility schedule for a merger being accomplished pursuant to a form s4 registration statement. Carried out by means of electronic data interchange, and other means of electronic communication, commonly referred to as electronic commerce to facilitate electronic filing of documents with government agencies and epayments to amend the indian penal code, indian evidence act. It provides a composite code for facilitating mergers and amalgamations which obviates the need for making multiple applications under the act. Jan 23, 2015 mergers and acquisition are strategic decisions taken for maximization of a companys growth by enhancing its production and marketing operations. A merger is a combination of two companies where one corporation is completely absorbed by another corporation. It act 2000 enacted on 17th may 2000 india is 12th nation in the world to adopt cyber laws it act is based on model law on ecommerce adopted by uncitral it act was amended by it amendment act, 2008 when the information technology act, 2000 was introduced it was the first information technology legislation introduced in india. Ministry of law, justice and company affairs legislative department new delhi, the 9th june, 2000 jyaistha 19, 1922 saka the following act of parliament received the assent of the president on the 9th june, 2000, and is hereby published for general information. An act to improve the ability of federal agencies to license federally owned inventions. This booklet does not discuss all the investment banking considerations or legal and. Merger and acquisition in information technology sector by.
Adherence to information technology act 2000, the rules and regulations thereunder, and guidelines issued by the controller from time. It also set of rules and regulations which apply on any electronic business transaction. Informationtechnologyact2000anoverview authorstream. Full text containing the act, information technology act, 2000, with all the sections, schedules, short title, enactment date, and footnotes. Be it enacted by the senate and house of representatives of the united states of america in congress assembled, section 1. Section 87 in the information technology act, 2000 87 power of central government to make rules. Notification under itamendment act, 2008 it amendment act 20082. Later on coming to existence, this was redrafted as information technology bill 1999 this draft was placed in the parliament in dec 1999 and passed in may 2000. The bill received the assent of the president in august 2000 and came to be known as the information technology act, 2000. The it amendment act was passed by the indian parliament in october 2008 and came into force a year later.
The concept of electronic signature is broader than digital signature. Electronic signature is the term defined by the amended act i. The indian information technology act 2000 act was a based on the model law on electronic commerce adopted by the united nations commission on international trade law 1. Companies act, 20 allows merger of indian companies also into foreign companies subject to checks and balances as laid down. Information technology act, 2000 complete act bare act. Download the information technology act, 2000 by pdf online. Section1 short title, extent, commencement and application. The companies act, 1956 does not define the term merger or amalgamation. The information technology act, 2000 also known as ita2000, or the it act is an act of the indian parliament no 21 of 2000 notified on 17 october 2000. Information technology it act, 2000 mppsc mains paper 2 duration. The following are the chapters, in which the information technology act 2000 has been divided into. An act to govern and regulate the hightech virtual electronic world. Pdf commentary on the information technology act, 2000.
As training and development is generally the realm of the hr department, this creates yet another challenge for human resource managers. Digital signature was the term defined in the old i. Information technology act, 2000 bare acts law library. Today paper based communication has been substituted by ecommunication, paper based commerce by. By its nature, a technology acquisition is a technology transfer, with transaction costs associated with the various stages of the acquisition process. Act got president assent on 9th june 2000 and it was made effective from 17th october 2000. Hey roshni, following are the objectives of the information technology act. Mergers and acquisitions companies act framework and. An act to establish the national office for technology acquisition and promotion to monitor, on a continuing basis, the transfer of foreign technology to nigeria and to provide for other related matters. The indian income tax act ita, 1961 merger has not been defined under the ita but has been covered under the term. This act is helpful to promote business with the help of internet.
Merger and acquisition in the information technology industry mergers and acquisitions are strategic decisions taken for maximisation of a companys growth by. Technical training the changes in the workplace often require the implementation of additional training for workers. New technologies the ilj research team defined new technologies as technologies that do not currently ex ist in the marketplace but will undoubtedly become available in the future. The central government may, for the purposes of this act, by rules, prescribe. However it deals with schemes of merger acquisition which are stipulated under section 391 to 394. This question is for testing whether or not you are a human visitor and to prevent automated spam submissions. Mergers and acquisitions are now also active in information technology sector and is gaining strength and expanding its customer base. National office for technology acquisition and promotion act. Ncic 2000 is having a significant impact on information technologies at the state and local level. Buy the information technology act, 2000 by pdf online from company secretary. An act to provide legal recognition for transactions carried out by means of electronic data interchange and other means of electronic communication, commonly referred to as electronic commerce, which involve the use of alternatives to paperbased methods. Section 10 in the information technology act, 2000 10 power to make rules by central government in respect of 20 electronic signature. Information technology amendment act, 2008 it act 2008 is a substantial addition to indias information technology act ita2000. This scheme is known as single window clearance scheme.
The information technology act, 2000 also known as ita 2000, or the it act is an act of the indian parliament no 21 of 2000 notified on 17 october 2000. Information technology act 2000 business education. Simply put a merger is a combination of two or more businesses into one business. Merger and acquisition in the information technology industry by meghna maji kiit school of law, bhubaneswar abstract mergers and acquisitions are strategic decisions taken for maximisation of a companys growth by enhancing its production. This is further complicated by the number of possible routes technology acquisitions can take, with these possibilities including mergers and acquisitions of entire companies, licensing. Integration and information technology effects on merger. This is a detailed commentary on the information technology act of india. Introduction of information technology act 2000 information technology is one of the important law relating to indian cyber laws. After the assent of president, the bill finally came to effect from 17 th oct 2000. National office for technology acquisition and promotion.
Definitions section 2 computer means electronic, magnetic, optical or other highspeed date processing device or system which performs logical, arithmetic and memory functions by manipulations of electronic, magnetic or optical impulses, and includes all input, output, processing. Indias information technology act, 2000 or it act, is a subject of contention and controversy. It is the primary law in india dealing with cybercrime and electronic commerce. Information technology act 2000 what is digital signature. Need for enactment of information technology act, 2000 in the knowledge society of 21st century, computer, internet and ict or erevolution has changed the life style of the people. It is primary law in india dealing with cyber crime and electronic commerce. Information technology act 2000, is based on uncitral united nations commission on international trade law model law. Information technology act 2000 complete act citation. Nov 16, 2012 information technology act 2000, is based on uncitral united nations commission on international trade law model law.
After section 29, the following section shall be inserted, namely. Merger integration challenges are especially prominent in the. Merger and acquisition in the information technology industry. In this course, you will learn everything about information technology act 2000 amendment 2008 with chapters and 90 sections. For user information document title is the gazette of india part ii dated february 5,2009. This painstaking work was done so as maharashtra police and maharashtra state india. It is based on the uncitral model law on international commercial arbitration recommended by the general assembly of united nations by a resolution. By adopting this cyber legislation india became the 12th nation in the world to adopt a cyber law regime during 2000. Mergers and acquisition are strategic decisions taken for maximization of a companys growth by enhancing its production and marketing operations. Information technology act 2000 ministry of electronics. Nov 20, 2009 introduction of information technology act 2000 information technology is one of the important law relating to indian cyber laws. How to write an answer in law exam by advocate sanyog vyas law exam preparation duration. India it act of 2000 information technology act 01 february 2020.
Definitions section 2 computer means electronic, magnetic, optical or other highspeed date processing device or system which performs logical, arithmetic and memory functions by manipulations of electronic, magnetic or optical impulses, and includes all input, output, processing, storage. More information on section 2 of information technology act, 2000. Information technology act ministry of electronics and. To grant legal recognition for transactions carried out by means of electronic data interchange and other means of electronic communication commonly referred to as electronic commerce in place of paper based methods of communication. The 1956act much like a oneway street allowed foreign companies to merge into indian companies but did not specifically provide for the other way round. The committee submitted its report to the central government on the 22 nd may 2000. The words electronic record shall have the meaning assigned to them in clause t of subsection 1 of section 2 of the information technology act, 2000 2. A guided approach to technology acquisition and protection. Marathi information technology act 2000 amendment 2008. Appendix a is a sample letter of intent for a merger, illustrating typical provisions requested by largeco.
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