This question was asked in an interview for the position of business analyst
IT Act 2008, Section 43 :Where a body corporate, possessing, dealing or handling any sensitive personal data orinformation in a computer resource which it owns, controls or operates, is negligent inimplementing and maintaining reasonable security practices and procedures and therebycauses wrongful loss or wrongful gain to any person, such body corporate shall be liable to paydamages by way of compensation, to the person so affected.EXPANDING SCOPE OF EXISTING DATAPROTECTION REGULATIONThe upcoming Data protection regime will widen the scope by offering acomprehensive data protection framework which shall apply to processing ofpersonal data by any means, and to processing activities carried out by both theGovernment as well as the private entities- not only Body Corporate.
REFERENCE LINK :https://digitalindia.gov.in/writereaddata/files/6.Data%20Protection%20in%20India.pdf