Enumerate the documents or transactions, to which the Information Technology Act, 2000, will not apply.

CS Executive · Jurisprudence, Interpretation and General Laws · PYQS · December 2024
Enumerate the documents or transactions, to which the Information Technology Act, 2000, will not apply.

Answer & Explanation:

Nothing in Information Technology Act, 2000, shall apply to documents or transactions specified in the First Schedule. The documents or transactions mentioned in first schedule are as under: A negotiable instrument (other than a cheque) as defined in section 13 of the Negotiable Instruments Act, 1881. A power-of-attorney as defined in section 1A of the Powers-of-Attorney Act, 1882. A trust as defined in Section 3 of the Indian Trust Act, 1882. A will as defined in clause (h) of section 2 of the Indian Succession Act, 1925, including any other testamentary disposition by whatever name called. Any contract for the sale or conveyance of immovable property or any interest in such property. Alternate Answer Nothing in Information Technology Act, 2000(the Act), shall apply to documents or transactions specified in the First Schedule. Documents or Transactions to which the Act will not apply are as follows: A negotiable instrument (other than a cheque, a Demand Promissory Note or a Bill of Exchange issued in favour of or endorsed by an entity regulated by the Reserve Bank of India, National Housing Bank, Securities and Exchange Board of India, Insurance Regulatory and Development Authority of India and Pension Fund Regulatory and Development Authority) as defined in Section 13 of the Negotiable Instrument Act, 1881. A power-of-attorney as defined in section 1A of the Powers-of-Attorney Act, 1882 but excluding those power-of-attorney that empower an entity regulated by the Reserve Bank of India, National Housing Bank, Securities and Exchange Board of India, Insurance Regulatory and Development Authority of India and Pension Fund Regulatory and Development Authority to act for, on behalf of, and in the name of the person executing them. A trust as defined in section 3 of the Indian Trust Act, 1882. A will as defined in clause (h) of section 2 of the Indian Succession Act, 1925, including any other testamentary disposition by whatever name called.

Topics: Information Technology Act, 2000

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