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