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Law Department |
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Core Functions |
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Law Department is basically an advisory department and provides complete in-house legal consultancy to NABARD |
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Works in close coordination with various operational departments and tender legal advice in policy and operational matters more particularly in areas relating to staff matters, vigilance matters, disciplinary proceedings, long term and short term credit, infrastructure lending, resource mobilization, premises matters, RRBs and Cooperatives |
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Drafting of Rules, Regulations and
enactments
relevant to NABARD |
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Appear before Labour Commissioner in conciliation proceedings, consumer forum, and arbitration hearings |
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Preparation of brief to senior advocates or retired judges of High Court, Supreme Court for obtaining their opinion in important matters |
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Documentation regarding refinance agreements, security documents, co-financing and infrastructure financing |
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Participate in negotiations on behalf of the Bank where legal issues are involved |
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Vetting of circulars of lending procedure and procedure for invoking of guarantee, enforcement of securities |
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Vetting of draft legislations and examine the legal validity of the same which are concerned with agriculture and
rural developments
sent by GOI |
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Vetting of draft legislations and examine the legal validity of same which are concerned with agriculture and rural development sent by State Governments. |
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Drafting and vetting of documents sent by various operational departments. |
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New Work Dimension Under the Amended NABARD Act |
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Promotion of subsidiaries |
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Securitisation of debt |
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Bills Rediscounting |
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Issue of Guarantees |
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Rural Housing and Insurance business |
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Retail banking |
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Issue of bonds (capital gains bonds) |
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Co-financing |
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Important Work in the Legal Field – Operational Matters |
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Court matters and other legal references in respect of RRBs, IDD-Cooperatives, ICD, PCD, SPD and HRMD |
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| Property Matters |
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Title Investigation |
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Pre-agreement exercises (i.e. examination of tender documents) |
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Agreements and Conveyances |
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Formation of Opinion |
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Arbitrations |
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The Laws are amended from time to time and new laws are enacted which may be relevant for the Bank. The Department has endeavored to formulate, publish and circulate a quarterly journal 'NABLAW' containing issues of public importance and useful not only to the functioning of NABARD but also to our client institutions. |
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Contact us |
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| Officer in-charge |
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Name |
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Shri U N Srivastava |
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Designation |
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Chief General Manager |
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Contact Nos.
Office
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(91) 022-26530065, (91) 022-26539237
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E-mail ID |
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law@nabard.org |
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