Legal Head

(Draft) Job Description Document

LEGAL DEPARTMENT

Purpose:

• To provide legal expertise and perform legal services, as well as to take part in and manage the process of formulating the legal acts issued by NKGSB.
• The Legal Department takes the proper measures to ensure that the activity of the Bank is in accordance with the Laws of the Land.

Key Responsibilities:

• Provide legal support to the Bank on Vetting, drafting, and negotiating contracts including Commercial Contracts and Business Contracts, Collaboration Agreements, Licence Agreements, etc. to safeguard the Company's interests in various commercial transactions and also to ensure legally secure deals for the Bank
• To provide guidance, and support required in various legal issues relating to the banking and nonbanking sector; to the branches & various departments
• To finalize legal opinions on Title verification of the immovable properties offered as security to secure Advances and to finalize the draft of Mortgage/Extension of Mortgage (both equitable and registered/Simple Mortgages), to spur Advances being lent by the bank
• To finalize legal opinion on title verification of the properties proposed to be acquired on an Ownership/Lease basis for the banks own use and to finalize the sale/Conveyance Deeds and Memorandum of Understanding (MOU), Leave & License Agreements, Lease Agreement and renewals thereof
• Responsible for Notice of Intimation (NOI) to the customers
• Prepare, review, and modify other contractual instruments to assist and support various business activities
• Recommending appointments for the Empanelment of Advocates and Laisioning with them

• To liaise with external legal Consultants for specific cases/ issues/ contracts/ documentation / legal advisory services as required and review the work done by them

• Responsible for handling the court matters in respect of Consumer Court

• Liaise with relevant departments to ensure that where legal risks have been identified, appropriate courses of action have been taken
• Critical analysis of applicable change in law and consequent risk assessment and the impact thereof on the bank's businesses
• To provide status updates/reports related to litigation and non-litigation cases handled to the respective stakeholders as required
• Responsible for preparation and standardization of legal documents/agreements/processes as required for different departments
• Managing all documentation and processes for cases initiated by the company, appearing before the court, deposing before the court as a witness, following up with the advocates for various matters
• Responsible to inform the branches regarding the new laws or any changes in the existing ones
• To ensure compliance related to CERSAI activities
• Ensuring clear title of the property owner for new branch setup or on properties which is secured against the loan
• To the Advocates/Solicitors for Court Litigations, on behalf of the Bank
• To lead the team of law officers to guide, advise and support all the branches and departments on any issue involving any point of law
• Brief the cases to advocate on record, senior counselors in the various matters under litigation and if required represent the cases on behalf of the Bank
• To give on-the-job training and share the latest judgments/notifications/orders/awards with the Officers/Employees in the Legal Department for their better performances and quality work and personal developments in the field and exercise administrative powers within the Department
• Documentation Mortgage, title verification, consortium, Bank Guarantee, etc
• Assisting GRU in drafting replies to Customer Complaints
• To represent the Bank at various Government Officers like sub-registrar, collector, Office Mhada Municipal Offices, etc.

• Transmission claim processing.

• To provide guidance, support required in various legal aspects to the branches & various departments of Central Office, viz., Credit, Recovery, H.R. & Administration, Facilities, GRU, Ancillary, etc.

• To finalise draft of Mortgage/Extension of Mortgage (both Equitable and Registered/Simple Mortgages), for securing Big/Commercial advances
• To finalise Consortium documents such as Consortium Agreement, Inter-se Agreements, Joint Mortgage Deed/Deed of Hypothecation where Bank is Lead Bank and to vet such documents received from other lead Bank, in non-lead cases
• Vetting of Service Agreements ,NDA,MOU etc
• To give on the job training to the Officers/Employees in the Legal Department for their better performances and quality work and personal developments in the field
• To act as primary administrator for the work relating to the Central Registry
• To support the Recovery Department as and when required
• To attend any other matter referred by the Managing Director/Chief General Manager/General Manager /Board of Directors .

Functional & Other important Skills required:

• Well-versed with all the laws of the land
• Should be aware of the litigation and recovery proceedings
• Should be well versed with the process of and CERSAI etc.
• Decision-Making Skills
• Investigative Skills
• Negotiation and Convincing Skills
• Problem-Solving and Conflict Management Skills
• Thorough and in-depth knowledge of Maharashtra co-Operative Societies Act 1960
• Well versed with the provisions of Multi-State co-Operative Societies Act 2002
• Well acquainted with the circulars issued by R B I and/or I B A etc as the case may be
• Sound capacity and ability to draft and vet the documents as and when required
• Through knowledge of co-Operative Banking Sector

Experience minimum 15 years preferably in the area of Co-Operative Banking and having background of court matters and CPC provisions also.

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