Categories: Agreements

CBDT & SEBI signs MoU for data exchange

The Central Board of Direct Taxes (CBDT) and the Securities and Exchange Board of India (SEBI) has signed an agreement for data exchange. The agreement will facilitate the sharing of information and data between the two organisations on an automatic and regular basis. For regular exchange of data, the two organizations 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.

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

Important takeaways for all competitive exams:

  • Chairperson of CBDT: Pramod Chandra Mody.
  • Headquarters of CBDT: New Delhi.
  • Chairman of Securities and Exchange Board of India: Ajay Tyagi; Headquarter: Mumbai.
  • Chairman of National Highways Authority of India: Sukhbir Singh Sandhu.

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Sumit Arora

As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.

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