SEBI vide Press Release No. 15/2019 dated June 07, 2019prMou was signed between SEBI and Ministry of Corporate Affairs (MCA) on June 7, 2019 for data exchange.
- MoU facilitate sharing of data and information on Automatic and regular basis which helps in Monitoring the happening corporate frauds.
- MoU enables sharing of specific information like details of suspended companies, delisted companies, shareholding pattern from SEBI and Financial Statements filed with ROC, Return of Allotment of Shares and Audit Reports relating to corporates from MCA. MoU comes into force from the date itwas signed and A Data Exchange Steering group has also been constituted for periodical review of data exchange and for effective data sharing mechanism.