JOB POST: Legal Officer @ Reserve Bank of India: Register by June 3

Reserve Bank of India has invited applications from the eligible candidates for the post of legal officer.

Number of Posts

3 (Unreserved: 2; ST: 01)

Age Limit

Not more than 32 years as on 1st May, 2016.

Pay Scale

Rs. 35,150/- p.m. in the scale of Rs.35150-1750(9)-50900-EB-1750(2)-54400-2000(4)-62400

Deadline

3rd June, 2016

For qualifications and other details, click HERE.

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  1. E S Jagadeeshwar says:

    I visited the relevant link and found the details as follows :

    1. Legal Officer in Grade ‘B’ (A) Job Requirements:

    (i) Dealing with references on legal issues received from various departments of the Bank and its associate institutions, which are mainly related to the interpretation of various statutes such as
    Reserve Bank of India Act 1934,
    Banking Regulation Act 1949,
    Foreign Exchange Management Act 1999,
    Companies Act, 1956 etc.
    (ii) Preparing initial drafts of legislation administered/to be administered by the Bank.
    (iii) Preparation of drafts of pleadings and comprehensive instructions/briefs to counsel in connection with litigation involving the Bank and its associate institutions.
    (iv) Appearing before Conciliation Officers, Labour Courts, Tribunals etc. on behalf of the Bank.

    (II) Experience (as on 01-05-2016) Essential:
    At least two years’ experience as an Advocate or as a Law Officer in the Legal Department of a large bank/financial institution /statutory corporation /company and/or legal associate /legal consultant in an Advocate’s or Solicitor’s office or in the Legal Department of Central/State Government or as teacher in law in a Law College /University.

    (III) Age (as on 01-05-2016) Not exceeding 32 years (i.e. candidates must have been born not earlier than 02-05-1984) Upper age limit is relaxable by 3 years in the case of candidates possessing LL.M degree and 5 years in the case of candidates possessing Ph.D. in Law. Refer item 6 below for relaxation in upper age limit for specified categories.

    In my opinion it is very difficult to find the suitable candidates for the above post because authorities concerned had not studied the Court structure in our country. At Trial Court level Advocates are dealing with Civil and Criminal Laws only.

    Reserve Bank of India Act 1934, Banking Regulation Act 1949, Foreign Exchange Management Act 1999, Companies Act, 1956 etc. Trial Court Advocates are not practicing these Special Acts because lack of appropriate Courts. I think with a minimum two years of experience, to him/her it is difficult to (ii) Preparing initial drafts of legislation administered/to be administered by the Bank.
    (iii) Preparation of drafts of pleadings and comprehensive instructions/briefs to counsel in connection with litigation involving the Bank and its associate institutions.
    (iv) Appearing before Conciliation Officers, Labour Courts, Tribunals etc. on behalf of the Bank.

    In my opinion it is difficult to deal with all the Acts mentioned above. The Job Requirement, Qualifications, Age, essential experience must be realistic. I think RBI authorities are not clearly aware of the Court structure from Mandal level to Supreme Court. Suits for recovery of money upto 10 lakhs are being filed at Trial Court, above the said amount one has to approach Debt Recovery Tribunal. The DRTs are only few. Company Law Cases are dealt by Trial Courts, Labour Tribunals are not available in each and every district. They were established in few places only.

    I think it is difficult for RBI to choose the suitable person. It is almost impossible to locate suitable person from Trial Courts that too with atleast two years experience.

    Instead of it the RBI may prefer Trial Court Advocates who are dealing with either Civil or Criminal Cases and also having knowledge of Lok Adalat proceedings or Pre-Litigtion proceedings. By allowing the selected one to study the cases relating to the above cases for atleast 6 months. Then he/she will have clarity. Trial Court Advocates don’t have knowledge of H.C. or S.C. proceedings. The Trial system is completely confusing whether the above said Acts are basing on Civil Procedure Code or Criminal Procedure Code or Principles of Natural Justice? or mixing of all these 3? Exactly what is the Trial System for the above said Acts?

    RBI has to study the Trial system being followed relating to the activities as mentioned in their Job Requirement. Under What Sec. and What Act, the cases are being filed? Jurisdiction of the Courts? Where the said Courts are situated? What is their filing and trial procedure? Whether the said Trial is a Summary Trial or Mini-Trial or Full Trial ( in case of Civil and Criminal cases or Company or Banking cases )? how many steps are there? Such analysis will be useful to deal with NPA cases. If the RBI enlightened the Standing Counsels for the Banks and their Law Officers, their work will be more effective otherwise utter confusion will be created within. Cases will be kept pending before various courts. Whether the Indian Evidence Act is applicable to those cases or not? If not how to produce appropriate evidence upto satisfaction of the said Court/Tribunal/Quasi Judicial Authorities?

    An indepth analysis required.

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