How provisions relating to digital certificates are defined in the electronic transaction act of Nepal?
Question
How provisions relating to digital certificates are defined in the electronic transaction act of Nepal?
Solution
The Electronic Transaction Act (ETA) 2063 of Nepal has several provisions relating to digital certificates. Here are the key points:
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Definition: The Act defines a digital signature as an electronic method which identifies the signatory and indicates the signatory's approval of the information contained in electronic records. A digital certificate is a record which identifies the entity owning the digital signature.
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Issuance: According to the Act, digital certificates can only be issued by a Certifying Authority (CA) recognized by the Government of Nepal. The CA must ensure the identity of the entity before issuing the certificate.
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Use: The Act states that digital signatures are legally valid and can be used in electronic transactions. They are considered equivalent to handwritten signatures.
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Revocation: The Act also provides for the revocation of digital certificates. The CA can revoke a certificate if it believes that the certificate is no longer reliable for any reason.
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Liability: The Act holds the CA liable for any damages caused by its negligence in issuing a digital certificate.
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Dispute Resolution: The Act establishes a framework for resolving disputes related to electronic transactions, including those involving digital certificates.
Please note that this is a simplified explanation and the actual Act contains more detailed provisions. It's always recommended to refer to the actual Act or consult with a legal expert for a comprehensive understanding.
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