FB, Google working on complying with social media rules as deadline looms

With just hours to go before the new IT rules for social media companies take effect, large digital platforms Facebook and Google on Tuesday asserted they are working towards meeting the compliance requirements.

The new rules, announced on February 25, require large social media platforms like Twitter, Facebook, Instagram and WhatsApp to follow additional due diligence, including the appointment of a chief compliance officer, nodal contact person and resident grievance officer.

'Significant social media intermediaries' -- defined as those with over 50 lakh registered users -- were given three months to comply with the additional requirements.

Non-compliance with rules would result in these social media companies losing their intermediary status that provides them exemptions and specified immunity from liabilities for any third-party information and data hosted by them. In other words, they could be liable for action. Read More

 

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