CBDT, SEBI sign MoU for data exchange


New Delhi, Jul 8 (IANS): The Central Board of Direct Taxes (CBDT) and the Securities and Exchange Board of India (SEBI) on Wednesday signed a Memorandum of Understanding (MoU) for data exchange between the two organisations.

The MoU was signed by Anu J. Singh, Pr. DGIT (Systems), CBDT and Madhabi Puri Buch, Whole Time Member, SEBI in the presence of senior officers from both the organisations through video conference, said a statement by the Ministry of Finance.

"The MoU will facilitate the sharing of data and information between the SEBI and the CBDT on an automatic and regular basis. In addition to regular exchange of data, the SEBI and the CBDT will also exchange with each other, on request and suo moto basis, any information available in their respective databases, for the purpose of carrying out their functions under various laws," it said.

A Data Exchange Steering Group has also been constituted for the initiative, which will meet periodically to review the data exchange status and take steps to further improve the effectiveness of the data sharing mechanism.

"The MoU marks the beginning of a new era of cooperation and synergy between the SEBI and the CBDT," the statement added.

 

  

Top Stories


LEAVE A COMMENT

Title : CBDT, SEBI sign MoU for data exchange


 
 
 
 

 
You have 2000 characters left.

Disclaimer:

Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Daijiworld.com will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will Daijiworld.com be held responsible.


Security Validation

Enter the characters in the image