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CMA Foundation · Fundamentals of Business Laws and Business Communication · E-Contracts and E-Signature - Meanings and Requirements

Which of the following is among the requirements that an applicant must fulfil, as may be prescribed by the Central Government, before a licence to issue electronic signature Certificates can be issued?

An applicant must meet prescribed requirements on qualification, expertise, manpower, financial resources and other infrastructure facilities. Section 21(2) says no licence is issued unless these are fulfilled. Listing, bank guarantees per Certificate or contracts with Government departments are not stated conditions.

  1. AQualification, expertise, manpower, financial resources and other infrastructure facilitiesCorrect
  2. BA minimum number of years of operation as a listed company
  3. CA guarantee from a nationalised bank for every Certificate issued
  4. DA prior contract of sale with at least one Government department

Explanation

Section 21(2) bars the issue of a licence unless the applicant fulfils requirements regarding qualification, expertise, manpower, financial resources and other infrastructure facilities. The other options are not mentioned in the section.

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