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
Market Abuse
BSEC Sets New Deadline for Insider Trading Guidelines
20/12/2023
The regulator had set a deadline but most listed companies failed to comply by the deadline seven months ago.
KYC & CDD
SEBI Simplifies Rules for Obtaining ‘Accredited Investor’ Status
19/12/2023
Certain documentary requirements are removed, certification will be granted based solely on KYC and financial information, and the validity period is lengthened.
Market Abuse
Appellate Court Sets Aside SEBI Penalties Against NSE, Officials
19/12/2023
The penalties were imposed in June 2022 over the alleged exploitation of NSE’s internet infrastructure by brokers for faster connectivity.
Trading & Investment
GIFT City’s Bullion Exchange IIBX Launches Trading in Silver
18/12/2023
The launch of the silver trading platform will bring fair and transparent trade in the precious metals, said IIBX CEO Ashok Gautam.
Tokenisation
India’s GIFT City Set to Launch Market for Tokenised Assets
18/12/2023
GIFT City’s first regulated trading platform for tokenised commercial real estate assets is expected to launch in January 2024.
Alternative Markets
India’s NSE Lists First Entity on New Social Stock Exchange
18/12/2023
NSE’s social stock exchange enables direct listings from NPOs and other social enterprises, enabling them to raise financing with increased transparency.
Clearing & Post-Trade
SEBI Allows Brokers to Invest Clients’ Funds in Overnight MFs
15/12/2023
Brokers must ensure that these overnight schemes invest only in government bonds and overnight repo markets.
Payments & Settlements
RBI Enhances E-mandate Limit for Recurring Transactions
13/12/2023
The limit for processing e-mandates for recurring payments was increased for credit card bills, insurance premiums and mutual fund subscriptions.
Alternative Markets
SEBI Lays Down Process for Dematerialisation of Units of Small AIFs
13/12/2023
Larger AIFs already have to dematerialise their units by 31 October 2023. SEBI said AIFs with a corpus under INR 5 billion have a 30 April 2024 deadline.
Trading & Investment
SEBI Considers ‘Fast Track’ for Debt Securities Issuance
11/12/2023
This will facilitate frequent issuers with a consistent track record to make public issues of debt securities with reduced time, cost and effort.
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