CBDT, SEBI to exchange data, call their agreement 'beginning of a new era'

'Any information' available in the databases of the two organisations can be shared on request for access.

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