Legal Counsel Vacancy At SIDBI Bank

Last Updated: Jan 18,2022 10:04 IST
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Legal Counsel Vacancy At SIDBI Bank
SIDBI Bank Recruitment of Legal Counsel Jobs
SIDBI Bank Legal Counsel Recruitment 2022: Small Industries Development Bank of India (SIDBI Bank) invites application for the position Legal Counsel etc. Read details, eligibility criteria mentioned below for the vacancy and eligible candidates can submit their application directly to SIDBI Bank before 28-01-2022.

SIDBI Bank Recruitment 2022 for Legal Counsel Notification in Mumbai

SIDBI Bank Recruitment 2022Details
Job Role Legal Counsel
Education RequirementLLB
Total Vacancy1 Post
Job LocationsMumbai
Experience15 - 20 years
SalaryNot Disclosed
Posted on18-01-2022
Last Date To Apply28-01-2022

Qualification in Details:

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.


i. The relevant experience certificate from employer must contain specifically that the candidate had experience in that related field as required.

ii. The candidate must be a citizen of India.

iii. The number of vacancies including reserved vacancies mentioned above are provisional and may vary.

iv. The designations / name of the post mentioned above are only indicative. The Bank reserves the right to change the name of post / designation at any time without prior notice on the requirement of the Bank.

v. Intimation/ call letter for interview will be sent by email or will be uploaded on Bank’s website. NO HARD COPY WILL BE SENT.

vi. Candidates are advised to indicate a working e-mail ID and mobile phone no. in their application under this advertisement and maintain the same active for receiving communication viz. call letters/ Interview date advices etc . The indicated e-mail ID and mobile phone no. should not be changed during Interview process. The Bank takes no responsibility for any delay in receipt or loss of any communication.

vii.The Interview shall take place online. Candidates should ensure availability of necessary infrastructure as specified in call letter in this regard.

viii. Candidates serving in Govt./ Quasi Govt. offices, Public Sector undertakings including Nationalized Banks and Financial Institutions are advised to submit ‘No Objection Certificate’ from their employer at the time of interview, failing which their candidature may not be considered and travelling expenses, if any, otherwise admissible, will not be paid.

ix. In case of selection, candidates will be required to produce proper discharge certificate from the employer at the time of taking up the appointment.

x. Candidates are advised that they should not furnish any particulars or information that are false, tampered/ fabricated or should not suppress any material information while applying for the post.

xi. Appointments of selected candidates will be subject to his / her being declared medically fit by Bank Medical Officer, satisfactory report about his / her character and background verifications, satisfactory report from his / her previous employer and referees, verification of caste / tribe and class certificate and completion of all other pre recruitment formalities to the complete satisfaction of the Bank.

xii. In case it is detected at any stage that a candidate does not fulfill any of the eligibility criteria for the post applied for and / or that he / she has furnished any incorrect information or has suppressed any material fact(s), or has resorted to Impersonating or procuring impersonation by any person; his / her candidature will stand cancelled forthwith. If any of these shortcomings is / are detected even after the appointment, his/her services will be liable to be terminated forthwith.

xiii. The applicant shall be liable for civil/ criminal consequences in case the information submitted in his/ her application are found to be false at a later stage.

xiv. Decisions of the Bank in all matters regarding eligibility, shortlisting, conduct of interview, selection, calling for joining etc, would be final and binding on the applicants for the post s. No representation or correspondence will be entertained by the Bank in this regard. Canvassing in any form will lead to disqualification of candidature.

Selection Procedure

1. SelectionwouldbebywayofshortlistingandPersonalInterviewtobe held onlineonasuitabledate(tobeinformedinduecourse)beforethe Selection Committee. The Bank will undertake a preliminary screening of the applications for preparing, if necessary, to prepare a shortlist of eligible candidates to be called for interview. Thus, merely fulfilling the requirements laid down in the advertisement would not automatically entitle any candidate to be calledforinterview. Thedecisionofthe bank to call the candidates for the interview shall be final. No correspondence will be entertained in thisregard.

2. Merit List: Merit list forselection will be prepared in descending order on the basis ofscores obtained ininterview only.Incasemore than one candidate score the cut-offmarks(common marks at cut-off point),such candidates will be ranked according to their age in descending order, in the merit.

3. Wait List: SIDBI reserves the right to draw wait lists of candidates in different Grades and considersuch waitlisted candidate(s)formeeting actual requirement.

Apply Procedure

i. Duly filled in application (in English or Hindi), as per the format available on the Bank’s website with a recent passport size photograph pasted thereon and Curriculum Vitae, bearing full signature of the candidate across the same with date, should be sent / forwarded only through email at [email protected] on or before January 28, 2022. While forwarding the respective applications, the subject line shall clearly indicate the following details only, viz. “Application for the post of Post Code, Name of the Post, Candidate Name.”

ii. Applications should be accompanied by self-attested copies of relevant certificate(s) / documents, in support of proof of identity, address, age, educational qualification (educational certificates/mark -sheets), work experience, caste certificate, PwBD Certificate etc, as mentionedin theapplicationform.

iii. An applicationnot accompaniedby photocopies/scanned copies(in cases of applied online) of relevant certificate(s) / documents, or not in prescribedformat or notsignedby the candidate orincompletein any respect or received after due date will not be entertained under any circumstances.

iv. Handwritten Applications/ or Curriculum Vitae shall besummarily rejected.

v. The candidates who had already applied / shortlisted / selected / waitlisted need not to apply again. wishes you best of luck. Keep following our HireLateral web site for latest Fresher Jobs, Government Jobs, Walk-In interviews, Current Affairs, Mock Test and many more. Thank You

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