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v Legal Services have been constituted under NABARD (Staff) Rules. The Bank has recruited legal professionals practising in Courts as Advocates or who have work experience in Law Departments of Banks/FIs.
v Law Department basically provides in-house legal consultancy to the Bank. It manages legal affairs of the Bank.
v It works in close cohesion with various Operational Departments and Regional Offices/Sub-offices/Training Establishments and tenders legal advice and provide related services.
v Aids management in decision making in the light of legal position.
Major legal works at senior level are
Statute drafting/suggestions
Drafting of Rules/Regulations/schemes
Work relating to Committees and Working Groups.
VIP References from GOI for vetting of bills relating to Agriculture/Cooperative/Rural Development to be placed in Parliament/State Legislature
Legal documentation (conveyancing and pleadings)
Preparation of brief to Solicitors/Sr. Counsels.
Participation in negotiations with Employees’/Officers’ Association
Participation in negotiation with contractors for acquisition of immovable properties and other transactions.
Close liaison/meetings/conferences with Solicitors and Sr. Counsels.
Appearances before ALCs/Labour Tribunals, Tax Authorities, Arbitration and Consumer Forum.
New Work Dimension Under the Amended NABARD Act
v Promotion of subsidiaries
v Securitisation of debt
v Bills Rediscounting
v Issue of Guarantees
v Rural Housing and Insurance business
v Issue of bonds (Capital Gains Bonds)/Zero Coupon Bonds/NABARD Rural Bonds
v Reform and Consolidation process in RRBs and Cooperatives
v Direct lending including Co-financing
Important Work in the Legal Field – Operational Matters
v Court matters and other legal references in respect of RRBs, IDD-Cooperatives, ICD, PCD, SPD, HRMD, Premises Department, etc.
v Amendments to State cooperative Acts as a part of implementation of Vaidyanathan Committee Report
v Debt Waiver and Debt Relief Scheme 2008
Property Matters
v Title Investigation
v Pre-agreement exercises (i.e. examination of tender documents)
v Documentation (Agreements and Conveyances)
v Formation of Opinion and finalization of preferable option
v Arbitrations and other Alternative Dispute Resolution (ADR) procedures.
HRMD Matters
v Framing of policies in respect of Groups A, B and C employees.
v Litigations/writ petitions in Courts involving Constitutional and other legal issues.
Name of the Nodal Officer : Shri R.K.Saxena
Manager (Law)
Law Department
Tel: 26539555
Email - Rajeev.saxena@nabard.org
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