Small Industries Development Bank of India Invites Application for Legal Counsel Recruitment 2022

Vacancy Circular No:

Small Industries Development Bank of India (SIDBI Bank)
invites applications for recruitment of Legal Counsel

Legal Counsel

Number of Vacancy: 1 Posts

Educational Qualification: LLB

SIDBI invites application from interested candidates for various posts on Contractual basis as detailed below:

1. Name of the Post: Legal Counsel (Mortgages/Securities)

2. Type of the Post: Contractual on full time basis.

3. No. of Posts: 01

4. Place of Posting: Mumbai

5. Scope of Work: The Legal Counsel of the Bank will be responsible for the following:

a) Supervision of pan India business operations related to creation, management & enforcement of interest/charge on securities including mortgages in favor of Bank.

b) Rendering legal opinion on creation and enforcement of interest/charge on securities including mortgages and other properties related matters specific to BFSI sector.

c) Devising, Standardizing and reviewing the mortgage policy & legal documentation of the Bank to keep it in line with the current / updated legal practices including prevailing State/Regional/Local Stamp Act or Security / Charge registration Acts/procedures across India.

d) Supervising / attending the various Court proceedings in security enforcement cases under SARFAESI/DRT/DRAT and also handling matters under Insolvency and Bankruptcy Code, 2016 before National Company Law Tribunal as well as arbitration proceedings either directly or through advocates.

e) Supervising the Sale/Disposal of assets charged to the Bank pertaining to recovery of loan defaults.

f) Providing legal advice on policy issues, support and guidance on any legal matters as desired by SIDBI.

g) Any other related matter assigned by SIDBI.

6. Educational Qualification: Degree in law (3 years/ 5 years) from a recognized university in India.

7. Experience: 

(i) Minimum 15 years of work Experience, which may be in a Commercial Bank / FI OR other reputed Corporate/ Organizations / Government Bodies OR

(ii) Practicing Advocate having minimum 15 years of experience including experience in extending legal opinion on matters as described at Sl. No. E above OR combined experience in as indicated in (i) and (ii).

(ii) Preference shall be given to candidates having active Bar license to practice AND/OR having expertise in SARFAESI/DRT/DRAT & Asset Disposal.

8. Remuneration: The renumeration would be at market linked compensation. The same shall not be a limiting factor for the right candidate and will be mutually decided on case to case basis.