A MoU between CBDT and SEBI for to data exchange

Contents

A MoU between CBDT and SEBI

Important Points –

  • MoU will be as beginning of cooperation and synergy between SEBI and CBDT organizations.
  • An MoU will enable data sharing and information sharing among organizations on an automatic & regular basis.
  • organizations will share Data on request and suo moto basis. the main purpose of exchanging data is to carry out their functions under various laws by organizations.
  • MoU will come into effect from 9th July 2020. along with it, it is considered as an initiative of CBDT and SEBI, prior to this, they were collaborating through various existing mechanisms.

About Securities and Exchange Board of India (SEBI) –
Founded: 12 April 1992
Headquarters: Mumbai
Chairperson: Ajay Tyagi

About Central Board of Direct Taxes (CBDT) –
Formation – 1944

A MoU between CBDT and SEBI

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