ForumIAS LATEST
- FRC 2027: SFG Residential program | accepting application for Tranche-2 Click Here to know more →
- CSAT Classes for Prelims 2027 by Rishi Bhargav sir starts 16 Nov. at 5 PM Click Here to know more →
- Prelims Sprint classes 2027: Starts 2nd Nov. at 4:30 PM | First class open to all. Click Here to know more →
- Ministry of Corporate Affairs(MCA) and the Securities and Exchange Board of India(SEBI) has signed a Memorandum of Understanding (MOU) for data exchange between the two regulatory organizations.
- The MoU comes in the backdrop of increasing need for surveillance in the context of Corporate Frauds affecting important sectors of the economy.
- The MoU will facilitate the sharing of data and information between SEBI and MCA on an automatic and regular basis.It will enable sharing of specific information such as (a)details of suspended companies (b) delisted companies (c)shareholding pattern from SEBI (d)returns of allotment of shares and (e)audit reports relating to the corporates.
- SEBI and MCA will also exchange with each other any information available in their respective databases for the purpose of carrying out scrutiny, inspection, investigation and prosecution.
- Further,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.
- The Securities and Exchange Board of India (SEBI) is the regulator for the securities market in India.It was established in 1988 and given statutory powers in 1992 through the SEBI Act,1992.



