Amendment notification under proviso to sub-section (4) of section 1of the Information Technology Act, 2000(dated-04.10.2022)-Ministry of Electronics and Information Technology.
View PdfAmendment notification under proviso to sub-section (4) of section 1of the Information Technology Act, 2000(dated-04.10.2022)-Ministry of Electronics and Information Technology.
- In the said Schedule,-
- For serial number 1 and the entries relating thereto, the following serial number and entries shall be substituted, namely:-
- “1. 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 (26 of 1881).”;
- In the entries relating to serial number 2, after the words, figures and brackets “the Powers-of-Attorney Act, 1882 (7 of 1882)”, the words “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.” Shall be inserted;
- Serial number 5 and the entries relating thereto shall be omitted, refer attachment for further details.
