Explanation:

Recently, a formal Memorandum of Understanding (MoU) was signed between the Central Board of Direct Taxes (CBDT) and the Securities and Exchange Board of India (SEBI) for data exchange between the two organizations. A "Data Exchange Steering Group" has also been constituted for the initiative, which will meet periodically to review the data exchange status and take steps to further improve the effectiveness of the data sharing mechanism. It will facilitate the sharing of data and information between SEBI and CBDT on an automatic and regular basis. The shared data could be used for the purpose of scrutiny, inspection, investigation and prosecution. Hence both statements are correct.