The Information Technology Act, 2000 (also known as ITA-2000. It is an act of Indian parliament. It come into being on 17th October, 2000. It is based on the UNICTRAL Model Law on International Commercial Arbitration, recommended by the General Assembly of United Nations by a resolution. The Act provides legal recognition for transactions carried out by means of electronic data interchange and other means of electronic communication, commonly referred to as electronic commerce, which involve the use of alternatives to paper-based methods of communication and storage of information, to nusta editing electronic filing of documents with the Government agencies and further to amend the Indian Penal Code, the Indian Evidence Act, 1872, the Bankers' Books Evidence Act, 1891 and the Reserve Bank of India Act, 1934 and favour matters connected therewith or incidental thereto.
The bill was passed in the budget session of 2000 and signed by President K.R. Narayanan on 9 May 2000. The bill was finalised by group of officials, headed by Ministry of Information Technology.
The Act provides a legal framework for electronic governance by giving recognition to electronic records and digital signatures. It also defines cyber crime and it's penalties.
The act also ammended the various sections of IPC, IEA, RBI Act, Banker's Book Evidence Act. In order to make them compliant with new technologies.