Specific Initiatives
Dr. Sahoo has dedicated over three decades to driving institutional and market reforms, establishing and regulating financial markets, and developing key professions. Below are some of his key initiatives:
| Year | Reforms | Issues Addressed |
| 1994-2021 | Building institutions of markets | Supremacy of markets and rule of law; ensuring certtainty of transactions |
| 1994-2021 | Several publications | Generation and dissemination of knowledge in the areas of securities markets, corporate affairs, insolvency and bankruptcy. |
| 2021 | Pre-packaged insolvency resolution | Hybrid framework for insolvency resolution |
| 2019 | Resolution of financial service providers | Resolving insolvencies of financial service providers |
| 2019 | Resolution of individual insolvency | Resolving individual insolvencies |
| 2019 | Two-year full-time Graduate Insolvency Programme | Provision of next generation insolvency professionals, the first of its kind in the country |
| 2017 | Institutional framework for the valuation profession | Professionalisation of valuation services; development and regulation of the valuation profession |
| 2017 | Framework for corporate insolvency | Resolving corporate insolvencies; rescue of viable firms and closure of unviable ones |
| 2016 | Establishment of IBBI | Regulation of insolvency and bankruptcy proceedings and related professions |
| 2016 | Institutional framework for insolvency profession | Professionalisation of insolvency services; development and regulation of insolvency profession |
| 2011 | SEBI Complaints Redress System | Using the web to redress investor grievances |
| 2010 | Resource Person Scheme | Spreading investor awareness and education |
| 2009 | Establishment of Investor Protection Fund | Focusing on investor education and protection |
| 2008 | Promotion of consent settlement | Settling enforcement actions through consent mechanism, the first of its kind in the country |
| 2008 | Disgorgement orders | Disgorging unlawful gains and compensating the victims of mischief, the first of its kind in the country |
| 2008 | Trading of currency derivatives | Hedging risk through exchange-traded derivatives |
| 2005 | Corporatisation and demutualisation of stock exchanges | Segregating ownership rights and trading rights to address conflict of interests in mutual stock exchanges |
| 2004 | Establishment of the National Institute of Securities Markets | Developing securities markets as a discipline of knowledge, the first of its kind in the world |
| 2004 | Resolution of brokers’ fees | Amicable settlement of 13-year protracted litigation |
| 2000 | Certification of securities market professionals | Online certification, the first of its kind in the country, for building human resource capacity for securities markets |
| 1999 | Legal framework for collective investment schemes | Bridging the regulatory gap and protecting investors in collective investment schemes |
| 1999 | Legal framework for trading of equity derivatives | Hedging securities risk through exchange-traded derivatives |
| 1995 | Legal framework for dematerialisation of securities | Dematerialising securities, much ahead of advanced jurisdictions; making securities freely transferable |
| 1995 | Regulatory architecture for securities markets | Provision of regulatory accountability, autonomy, and effectiveness; Adjudication and appeals |
Leadership Roles
Dr. Sahoo has held numerous key governance positions across various prestigious organisations:
- Director Acer Credit Rating Limited (2025 –
- Director, Axis Mutual Fund Trustee Company Limited (2024 –
- Director, National Securities Depository Limited (2023 –
- Member, ILA Global Advisory Board (2022 –
- Chairman, Forum of Indian Regulators (2020-2021)
- Chairperson, Insolvency and Bankruptcy Board of India (IBBI) (2016-2021)
- Governor, Indian Institute of Corporate Affairs (2018-2021)
- Member, Competition Commission of India (CCI) (2015-2016)
- Director, Oriental Bank of Commerce (2013-2015)
- Governor, Management Development Institute (2013-2015)
- Governor, National Institute of Securities Markets (2008-2014)
- Director, ICSI GRK Foundation (2013-2015)
- Secretary, Institute of Company Secretaries of India (2012-2014)
- Member, CISI National Advisory Council (2013-2014)
- Member, National Foundation for Corporate Governance (2013-2014)
- Director, IFCI Factors Limited (2012-2013)
- Member, Securities and Exchange Board of India (SEBI) (2008-2011)
- Director, Asset Reconstruction Company Ltd. (2006-2007)
- President, IES Officers’ Co-operative Group Housing Society (1999-2008)
- Secretary, IES Officers’ Association (1990-1991)
- Secretary, New PG Hostel, Ravenshaw College
Thought Leadership
Dr. Sahoo has chaired and contributed tonumerous committees, driving forward reforms and shaping India’s regulatory and financial landscape:
- 2026: Member, PFRDA Pension Advisory Committee
- 2026: Chairperson, PFRDA Assured Pension Payout
- 2024: Chairperson, IFSCA Performance Evaluation Committee
- 2023: Chairperson, IFSCA Expert Committee for Drafting Institutional Arbitral Rules for the proposed International Arbitration Centre at GIFT-IFSC
- 2023: Member, MoHUA Committee on Legacy Stalled Real Estate Projects
- 2023: Chairperson, PFRDA Advisory Committee on Comprehensive Review of Regulations
- 2022: Member, SEBI High Powered Advisory Committee
- 2022: Chairperson, SEBI Market Data Advisory Committee
- 2020: Chairperson, IFSCA Expert Committee on Variable Capital Company in IFSCs
- 2020: Chairperson, MCA Committee on Pre-pack Insolvency Resolution
- 2019: Chairperson, MCA Committee of Experts on Valuation Profession
- 2019: Chairman, MCA Committee on Insolvency Resolution of Financial Service Providers
- 2018: Member, MCA Insolvency Law Committee
- 2018: Chairperson, MCA Working Group on Regulatory Architecture of Competition Law
- 2018: Member, MCA Competition Law Review Committee
- 2018: Member, IBBI Working Group on Graduate Insolvency Programme
- 2017: Member, Ministry of Finance Financial Stability and Development Council
- 2015: Chairman, Ministry of Finance Committee on External Commercial Borrowing
- 2015: Member, RBI External Advisory Committee on Small Finance Banks
- 2015: Member, Ministry of Finance Committee to Review Indian Financial Code
- 2014: Chairman, Ministry of Finance Committee on Bharat Depository Receipts
- 2014: Member, Ministry of Finance Task Force on Financial Data Management Centre
- 2014: Member, FMC Committee on Review of Price Discovery and Risk Management of Commodity Derivatives Markets
- 2014: Member, IRDAI Committee on Implementation of Non-Legislative Recommendations of Financial Sector Legislative Reforms Commission
- 2013: Chairman, Ministry of Finance Committee on Global Depository Receipts
- 2013: Member, Ministry of Finance Committee on Investment Pattern for Insurance and Pension Sectors
- 2009: Member, Ministry of Finance Committee on Investor Awareness and Protection
Dr. Sahoo’s leadership has been instrumental in positioning India as a global leader in financial market innovation and insolvency reforms. His passion for knowledge-sharing and his steadfast commitment to governance have made him a trusted name in regulatory circles.