Assistant Vice President/Vice President

Assistant Vice President/Vice President - Legal

Job Purpose

Overall in charge of the Legal department and provide guidance, directions, assistance in execution of functions assigned to the Team Members of Legal department.

Roles & Responsibilities:

1.Non-Litigation

- To draft and vet various contracts and legal documents, including renewals, extensions and amendments as required by the internal departments and the Group companies as and when required
- To provide legal support to internal departments in drafting policies, ensuring all assistance aligns with applicable laws, internal policies, and regulatory directions
- To review contracts and documents to identify legal and contractual risks, ensuring thorough risk assessment and propose initiatives and measures to be taken to mitigate above risks from legal perspective
- To drafting and vet of Exchange policies and process documents on routine basis

2.Litigation

- To manage and pursue litigation matters initiated by or against the organization, including liaising with external advocates and solicitors, and briefing them on the matters
- To draft and vet various pleadings filed by and against the Exchange in course of pursuing the matter
- To coordinate, conduct and prepare the necessary briefing document for the advocates as well as the Counsels
- To identify and strategize initiatives to be taken to mitigate risk in regard to legal implications of pending and expected litigations impacting the organization in every aspect.

3.Presentation to Governing Board and Exchange Committees

- To advise Board/Senior Management on all legal issues including related to applicable regulations, Corporate Laws, Compliance, Risk Management, PMLA, Technology, issues of Group Companies, New Business and Ventures. Take legal opinions from law firms as required.
- To Draft, vet, and present legal agenda notes and supporting documents to the Governing Board and Exchange Committees, ensuring timely updates on relevant legal matters
- To represent the legal department in various committees, providing legal updates and inputs on matters requiring regulatory or legal interpretation

4.Legal Facilitation for Equity and Derivatives Segment

- To provide necessary legal support for the introduction of the Equity and Equity Derivatives Segment, ensuring alignment with regulatory requirements and internal governance frameworks
- To draft and vet new agreements with vendors to facilitate business expansion, including Technology Development and Maintenance Agreements, amendments to existing Service Agreements, and Service Level Agreements tailored to project needs
- To review and vet Share Purchase Agreements, providing legal support in evaluating and finalizing documentation essential for the seamless execution and closure of related transactions
- To draft and present responses to regulatory queries and observations concerning the project, ensuring legal accuracy and timely resolution to facilitate smooth regulatory closure

5.Drafting, Vetting and Reviewing Exchange Rules, Bye Laws & Regulations

- To conduct periodic reviews of circulars, policies, and statutory directives to assess and incorporate necessary changes into Exchange Rules, Bye Laws, and Regulations
- To coordinate regularly with internal departments to identify and evaluate amendments required to maintain regulatory alignment and operational relevance
- To participate in meetings with regulatory authorities and present the proposed changes in the Rules and Bye Laws as required in order to get the same approved

6.Statutory/ Regulatory Liaison and Legal Reporting Activities

- To liaise regularly with statutory and regulatory authorities to ensure compliance with directives, and represent the organization on legal matters through formal communication such as notices, letters, and official submissions
- To draft and vet legal representations and responses to statutory bodies, supporting dispute resolution and regulatory engagement across varied legal issues and entities
- To prepare and circulate monthly and quarterly Legal MIS reports including updates on case status, incidental findings, and issuance of No-Objection Certificates (NOCs) concerning legal implications for members
- To prepare and present updates to the HOD and the management on various Material litigations, Government Notifications and Circulars
- To provide necessary inputs and supports on weekly/monthly and/or quarterly basis to the compliance team on various legal matters.

Educational Qualification - Post Graduate in Law preferably with Specialization in Securities Law and knowledge of Companies Act and other related legislations

Experience - Min. 10-12 years of relevant experience in legal practice/ Legal work or handling Litigation Matters in a Law firm of repute or in a Banking or NBFC or CPSU, Govt Departments etc. Handling all types of Litigation matters with sound interpreting and Drafting Skill. Working experience with Regulatory and Statutory Authorities.

Practicing advocate in matters of various central government departments, insurance, consumer law, arbitration, Financial Services & Banking and Commodities market (Spot and Futures), FMCG

Skills Required

- Knowledge of Securities Laws & Corporate Laws
- Ability to network within the legal community
- Legal writing skills
- Versed with the procedures of Civil and Criminal Court
- Working Knowledge of key financial Sector laws and other related laws which has a bearing on Exchange Business.
- Contract Management
- Litigation Management
- SEBI Compliance Management / Regulations

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