SEBI signs MoU with CBDT

Securities and Exchange Board of India (SEBI) signed a Memorandum of Understanding (MoU) with the Central Board of Direct Taxes (CBDT), Government of India, today, for data exchange between the two organizations. The MoU will facilitate the sharing of data and information between CBDT and SEBI on an automatic and regular basis. The MoU will ensure that both CBDT and SEBI have a seamless linkage for data exchange. In addition to regular exchange of data, CBDT and SEBI will also exchange with each other, on request and suo moto basis, any information available in their respective databases, to carry out the scrutiny, inspection, investigation, and prosecution

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