Description

ELECTRONIC TRANSACTIONS BILL, 2011

EXPLANATORY NOTES

(These notes form no part of the bill but are intended only to indicate its general purport)

The Bill seeks to provide for the transfer of information and records by electronic means.

The Bill contains eleven Parts and forty-four sections.

The business community, including banks and commercial organisations, and consumers and public authorities are increasingly using computer and other related technologies to create, transmit and store information in electronic form instead of in traditional paper documents. Information stored in electronic form has many advantages as it is cheaper and easier to store and retrieve and speedier to communicate. Even though the general public is aware of all these advantages, many individuals are reluctant to conduct business or conclude any transaction electronically due to the lack of an appropriate legal framework.