Cyber Laws For CxO
Be Aware... Be Empowered
January 2010
Editor
Naavi
www.naavi.org
Publisher
Ujvala Consultants Pvt Ltd
www.ujvala.com
Contents
Editor’s Note
Dear Readers,
Over the last decade, globally IT laws have tended to mandate compliance and the CxOs were slowly getting drawn into integrating “Regulatory Compliance” as part of the business strategies. However, In India Information Technology Act 2000 ( ITA 2000) largely remained unnoticed by the corporate world until substantial amendments were passed with effect from October 27, 2009.
With these amendments, the new version of ITA 2000 which is referred to as ITA 2008 has now made all CxOs sit up and take notice of the existence of this Act which has introduced many mandatory Information Security practices. Compliance of these provisions has now become the responsibility of the top management of every corporate entity in India.
Additionally, the operation of Clause 49 of the SEBI listing guidelines, has thrown a critical challenge to listed companies to append a certificate in their annual reports that “all regulatory compliance requirements have been fulfilled”. The Directors of the Company including the “Independent directors” will now be responsible for the regulatory compliance and hence need to take a view whether or not their company is complying with ITA 2008.
This news letter proposes to address the requirements of those CxOs who are keen to be empowered with updated information on Cyber Laws and how the laws affect Corporate Management in India. It will provide technical and legal inputs along with relevant news collated from other sources. We intend carrying articles, interviews and provide for interaction with the readers through Feedback and Questions and Answers sections.
The focus of the news letter will be the top management in the industry, both IT and non IT. However, legal practitioners may also find it useful. Readers may also find it useful to refer to the website www.naavi.org.
This being an inaugural issue, more emphasis is placed on discussing the “Need for Cyber Law Knowledge for CxOs”. The Knowledge + section includes a discussion on “Intermediaries” and how Cyber Laws affect them. In the subsequent issues there will be broader and deeper coverage of different aspects of Cyber Law so that the news letter would become an essential Tool of Empowerment of the CxO s for the Digital Era.
Na.Vijayashankar
January 22, 2010
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