{"id":2162,"date":"2019-06-21T07:30:56","date_gmt":"2019-06-21T07:30:56","guid":{"rendered":"https:\/\/www.gkseries.com\/blog\/?p=2162"},"modified":"2019-06-21T07:30:58","modified_gmt":"2019-06-21T07:30:58","slug":"sebi-signed-mou-with-mca-to-facilitate-the-sharing-of-data-and-information-for-regulatory-purposes","status":"publish","type":"post","link":"https:\/\/www.gkseries.com\/blog\/sebi-signed-mou-with-mca-to-facilitate-the-sharing-of-data-and-information-for-regulatory-purposes\/","title":{"rendered":"SEBI signed MoU with MCA to facilitate the sharing of data and information for regulatory purposes"},"content":{"rendered":"\n<p>The&nbsp;<strong>Securities and Exchange Board of India (SEBI)&nbsp;<\/strong>signed a&nbsp;<strong>Memorandum of Understanding (MoU)&nbsp;<\/strong>with the<strong>&nbsp;Ministry of Corporate Affairs (MCA).&nbsp;<\/strong><br>\n<strong>Aim:<\/strong><br>\nThe MoU will ensure that both the MCA and the\nSEBI have<strong>&nbsp;seamless linkage for\nregulatory<\/strong>&nbsp;purposes and in addition to regular\nexchange of data. It also aims to facilitate<strong>&nbsp;the continous sharing of data and\ninformation<\/strong>&nbsp;for carrying out scrutiny, inspection,\ninvestigation, and prosecution.<br>\n<br>\n<strong>Benefits:<\/strong><br>\nThe MoU will facilitate the sharing of data and\ninformation between SEBI and the MCA on an&nbsp;<strong>automatic and regular basis.<\/strong>&nbsp;It will also enable sharing of specific information\nsuch as details of suspended companies,<strong>&nbsp;delisted firms, shareholding pattern from the SEBI\nand financial statements<\/strong>&nbsp;filed\nwith the Registrar by corporates, returns of allotment of shares and audit\nreports relating to corporates.<br>\nThe MCA has the database of all registered firms\nwhereas the SEBI only regulates listed entities that may have unlisted\nsubsidiaries. The MCA alone has access to all the data of such unlisted\nentities.<br>\nThe data exchange status will be reviewed and\nanalyzed by a<strong>&nbsp;Data\nExchange Steering Group&nbsp;<\/strong>which will\nmeet and review periodically.<br>\n<br>\n<strong>Significance:<\/strong><br>\nThe move comes after the view to increase the\nneed for surveillance in the<strong>&nbsp;context of corporate frauds which affects<\/strong>&nbsp;important sectors of the economy. It is a known fact\nthat the private sector plays an increasingly vital role in economic growth,\nthe need for a robust corporate governance mechanism becomes the need of the\nhour.<br>\nAlready there exists a protocol of sharing of\ndata between SEBI and MCA, in many cases, the regulator has also sent its\norders&nbsp;<strong>against\nvarious entities to the MCA for further action.<\/strong><br>\n<br>\n<strong>Securities and Exchange\nBoard of India (SEBI):<\/strong><br>\n<strong>Formed:<\/strong>&nbsp;April 12, 1988<br>\n<strong>Acquired Statutory Status\non:&nbsp;<\/strong>January 30, 1992<br>\n<strong>Headquarters:&nbsp;<\/strong>Mumbai, Maharashtra<br>\n<strong>Chairman:&nbsp;<\/strong>Ajay Tyagi<br>\n<strong>Executive Director:&nbsp;<\/strong>Anand Rajeshwar Baiwar<br>\nSEBI is the regulator for the securities market\nin India<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The&nbsp;Securities and Exchange Board of India (SEBI)&nbsp;signed a&nbsp;Memorandum of Understanding (MoU)&nbsp;with the&nbsp;Ministry of Corporate Affairs (MCA).&nbsp; Aim: The MoU will ensure that both the MCA and the SEBI have&nbsp;seamless linkage for regulatory&nbsp;purposes and in addition to regular exchange of data. It also aims to facilitate&nbsp;the continous sharing of data and information&nbsp;for carrying out scrutiny, inspection, [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":2163,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[45],"tags":[],"offerexpiration":[],"class_list":["post-2162","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-current-affairs-articles"],"_links":{"self":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/2162","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/comments?post=2162"}],"version-history":[{"count":1,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/2162\/revisions"}],"predecessor-version":[{"id":2164,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/2162\/revisions\/2164"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media\/2163"}],"wp:attachment":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media?parent=2162"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/categories?post=2162"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/tags?post=2162"},{"taxonomy":"offerexpiration","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/offerexpiration?post=2162"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}