(iii)  The amendments to the Negotiable Instruments Act providing for electronic cheques and cheque truncation. (iv)  The Information Technology Act providing for recognition of digital signatures and consequent amendments to the Indian Evidence Act, Bankers’ Books Evidence Act are some of the recent initiatives undertaken in India.
But there are still issues which are left to be addressed like cross border insolvency issues, jurisdictional issues in cross border transactions etc., which would require a concerted effort  4  BIS Review 135/2009  from the international community. It is advantageous to refer to the recommendations of the Committee on Financial Sector Assessment in this regard.