Ajoy K Das
Based in India, Ajoy is a financial and industrial journalist with three decades of experience with leading print media brands in the country and global news agencies like Reuters. Over the years, he has covered major Indian heavy manufacturing industries like mining and metals, energy, chemicals and petrochemicals, and financial markets with a focus on equities and regulation.
Articles by Ajoy K Das
AML / KYC
India Issues New Forms for Disclosing Beneficial Ownership
19/07/2024
The Ministry of Corporate Affairs published two new forms for companies to use to disclose beneficial ownership and related changes.
Market Infrastructure
India: Expert Panel Proposes International Court in GIFT City
18/07/2024
A phased approach is suggested for the court’s establishment, and for foreign judges to be allowed to sit on the court.
Securities / Derivatives
SEBI Proposes New Asset Class for High Risk Takers
18/07/2024
To discourage retail investors, SEBI has proposed a minimum investment threshold of INR 1 million for this new asset class.
Enforcement
SEBI Proposes ‘Summary Proceedings’ for Certain Intermediary-led Violations
17/07/2024
The move is part of the capital market regulator’s efforts to streamline regulatory processes and ensure swift enforcement actions.
AML / KYC
RBI Updates Fraud Risk Management Rules for Regulated Entities
16/07/2024
The revised master directions mandate the establishment of data analytics and market intelligence units within REs to strengthen fraud risk management systems.
Market Infrastructure
SEBI Recognises BSE as Supervisory Body for Analysts, Advisers
15/07/2024
BSE has been granted five-year recognition as supervisory body for research analysts and investment advisors.
Securities / Derivatives
IFSCA Permits Synthetic Securitisation by Banks in GIFT City
12/07/2024
IBUs will be allowed to participate in synthetic securitisation if its home regulator complies with Basel III framework.
Capital / Liquidity
RBI Red Flags Bank Accounts Used for Fraud and Evergreening
12/07/2024
Banks should rationalise accounts and enforce stringent control measures through proper reporting to the audit committee of the board, said Swaminathan.
Capital / Liquidity
RBI Permits Banks to Use Ratings by Brickwork Ratings India
12/07/2024
SEBI had cancelled Brickwork’s registration as a CRA in 2022, but the central bank now has allowed banks to use its ratings for loans up to INR 2.5 billion.
RBI Further Opens GIFT City Banking to Indian Residents
12/07/2024
The change is expected to contribute to developing GIFT City’s banking environment and boost business prospects for the financial hub.
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