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

Which one of the following is NOT a duty of a Certifying Authority listed in section 30 of the IT Act, 2000?

Fixing the rate of stamp duty on contracts is not a Certifying Authority duty under section 30. The section requires secure systems, reliable service, secrecy of signatures, acting as repository of Certificates, publishing practices and Certificate status, and observing standards in regulations.

  1. ABe the repository of all electronic signature Certificates issued under the Act
  2. BPublish information on its practices, Certificates and the current status of Certificates
  3. CFix the rate of stamp duty payable on contracts signed using its CertificatesCorrect
  4. DUse hardware, software and procedures secure from intrusion and misuse

Explanation

Section 30 requires secure systems (clause a), reliable services (b), secrecy and privacy of signatures (c), acting as repository (ca), publishing practices and certificate status (cb), and observing other standards in the regulations (d). Fixing stamp duty is not among them.

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