| Section No
 
 | V. SECURE ELECTRONIC 
				RECORDS AND SECURE ELECTRONIC SIGNATURES |  | 
			
				| V | 14 |  | Secure Electronic Record |  | 
			
				|  |  |  | Where any security 
				procedure has been applied to an electronic record at a specific 
				point of time, then such record shall be deemed to be a secure 
				electronic record from such point of time to the time of 
				verification. 
 
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				|  | 15 |  | Secure Electronic 
				Signature (Substituted vide ITAA 2008) |  | 
			
				|  |  |  | An electronic signature 
				shall be deemed to be a secure electronic signature if-   
					
						| (i) | the signature 
						creation data, at the time of affixing signature, was 
						under the exclusive control of signatory and no other 
						person; and |  
						| (ii) | the signature 
						creation data was stored and affixed in such exclusive 
						manner as may be prescribed |  
					Explanation- In case of digital 
					signature, the "signature creation data" means the private 
					key of the subscriber 
 |  | 
			
				|  | 16 |  | Security procedures 
				and Practices (Amended vide ITAA 2008) |  | 
			
				|  |  |  | The Central Government 
				may for the purposes of sections 14 and 15 prescribe the 
				security procedures and practices 
					Provided that in 
					prescribing such security procedures and practices, the 
					Central Government shall have regard to the commercial 
					circumstances, nature of transactions and such other related 
					factors as it may consider appropriate.
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