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About:
Small Industries Development Bank of India (SIDBI) set up on 2nd April 1990 under an Act of Indian Parliament, acts as the Principal Financial Institution for Promotion,Financing and Development of the Micro, Small and Medium Enterprise (MSME) sector as well as for co-ordination of functions of institutions engaged in similar activities.
Role:
Manager Grade ‘B’- Legal
Qualification:
- Bachelor’s degree in law from any University/ Institution, recognized by the University Grant Commission (UGC) / Govt. of India/ approved by Govt. regulatory bodies with a minimum of 50% (45% for SC/ST and PwBD candidates, if vacancies are reserved for them) marks or equivalent in the aggregate of all semesters/years and enrolled as an advocate with the Bar Council of India.
- Desirable: (a) The candidates who possess Master’s Degree in Law / Company Secretary (CS) Qualified will be preferred. (b) Proficiency in computer applications.
Experience:
Essential: At least Five years’ work experience, post bachelor’s degree in law, as a Law Officer [permanent / on full time direct contract (not outsourced)] in the Legal Department of:
(a) Reserve Bank of India (RBI), Securities and Exchange Board of India (SEBI) OR
(b) Any All-India Financial Institution like – Export-Import Bank of India (EXIM Bank), National Bank for Agriculture and Rural Development (NABARD), National Housing Bank (NHB), National Bank for Financing Infrastructure and Development (NaBFID) and SIDBI. OR
(c) Scheduled Commercial Banks included in the Second Schedule of the RBI Act, 1934.
(d) Central Public Sector Enterprises (CPSEs) OR (e) NBFCs registered with RBI Note: – Candidates who have combined experience (as at Sl no. (a), (b), (c), (d) and (e) above) of five years are eligible to apply. Desirable: Special knowledge of Banking Law, Company Law, Labour Law, Constitutional Law, Recovery, Insolvency & Bankruptcy Laws, Property and Revenue matters etc. and experience in drafting of pleadings and documents.
Responsibilities:
- The officers should have capacity to independently handle all the legal work of the Bank including but not limiting to;
- Rendering legal opinion on creation and enforcement of security interest/charge on securities including mortgages and other properties related matters specific to Banking sector.
- Handling DRT Applications, commercial dispute applications/ pre-institution mediation, Civil Suits, objections/counter affidavits, Writ Petitions, IBC Application/ Objections before NCLT/NCLAT, Criminal complaints u/s 138 of NI Act, Caveats etc. including liaisoning with advocates for defending the cases of SIDBI.
- Handling criminal complaints, wherever applicable, and follow up with police station/CBI/investigative agencies, etc in respect of recovery matters to protect the interests of the Bank. Supervising / attending the various Court proceedings in security enforcement cases under SARFAESI/DRT/DRAT/High Court and also handling matters under Insolvency and Bankruptcy Code, 2016 before National Company Law Tribunal, arbitration proceeding/investigative agencies, etc either directly or through advocates.
- Supervising the Sale/Disposal of assets charged to the Bank pertaining to recovery of loan defaults.
- Providing legal advice on policy issues, support and guidance on any legal matters as desired by SIDBI.
- Scrutinizing and accepting title investigation reports (TIRs) submitted by the advocates for extending credit delivery.
- Preparation/issuance of demand notices, sale notices, auction documents etc. under SARFAESI Act. Drawing Panchnama, inventory etc. for takeover of property under SARFAESI Act and all such matters that require for compliance of the provisions of SARFEASI Act and Rules.
- Takeover of secured assets under SARFEASI including visiting the CMM / DMs office/Tahsildar office /Revenue Office etc.
- Drafting/ Vetting and follow up of Sec.14 Application filed/to be filed for assistance of DM/CMM in taking physical possession under SARFAESI Act.
- Handling references regarding various issues related to recovery including IBC matters.
- Attending Committee of Creditor’s (CoC) meetings as and when required.
- Any other work as assigned by the Bank from time to time.
How to Apply:
Interested candidates can Apply here
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