Legal Executive

3 weeks ago


Chennai, India Ascend Management Consultant and Advisors Private Limited Full time
Responsibilities:
IBC Vertical:• Compliance with IBC Requirements:
• Ensure strict compliance with all provisions and requirements of the Insolvency and Bankruptcy Code (IBC).
• Stay updated with the latest amendments and regulations related to IBC and ensure organizational adherence.
• Coordination with Legal Counsel:
• Collaborate with external lawyers and legal counsel to facilitate the smooth filing of necessary applications, counters, and reports with the National Company Law Tribunal (NCLT).
• Maintain open lines of communication with legal advisors to ensure the organization's legal interests are well represented.
• Filing Documents and Returns:
• Prepare, review, and file all essential documents and returns with relevant authorities, including but not limited to the Insolvency and Bankruptcy Board of India (IBBI), Insolvency Professional Agency (IPA), and NCLT.
• Ensure the accuracy and timeliness of submissions, including compliance with statutory deadlines.

Stressed Business Assets Vertical:Responsibilities:
• Title Verification:
• Coordinate with banks and financial institutions to verify the title and authenticity of relevant documents pertaining to stressed business assets.
• DRT Proceedings:
• Attend Debt Recovery Tribunal (DRT) proceedings as and when required to represent the organization's interests and provide legal support.
• Document Preparation:
• Prepare Memoranda of Understanding (MOU), agreements, and other legal documents necessary for transactions related to stressed business assets. 
Corporate Advisory:Responsibilities:
• Legal Agreements:
• Prepare Shareholders Agreements, Share Transfer Agreements, and other legal agreements as needed in corporate transactions and advisory matters.
• Advisory Support:
• Provide legal counsel and support for corporate advisory services, including mergers, acquisitions, and other corporate activities.
Qualifications and Requirements:
• A Bachelor's degree in Law (LL.B) from a recognized university.
• Prior experience in legal compliance, IBC, stressed asset management, and corporate advisory is preferred.
• Knowledge of the Insolvency and Bankruptcy Code (IBC) and relevant regulations.
• Excellent drafting skills for creating legal documents and agreements.
• Ability to coordinate with external lawyers, banks, and regulatory authorities.
• Proficiency in attending legal proceedings and representing the organization.
• Attention to detail and the ability to manage multiple tasks and meet deadlines.

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