Reserve Bank of India - Legal Officer in Grade ‘B’ Exam Details

Eligibility Criteria for (As on the date mentioned in the notification) (I) Educational Qualifications:  Essential: Bachelor’s Degree in Law recognized by the Bar Council of India for the purpose of enrolment as an Advocate with a minimum of 50% marks or equivalent in the aggregate of all semesters/years.  Desirable: (a) Bachelor’s Degree in Law with 60% marks or equivalent in the aggregate of all semesters/years or Master’s Degree in Law.  (b) Proficiency in computer applications.  (II) Experience:  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.  Desirable: Special knowledge of Banking Law, Company Law, Labour Law and Constitutional Law and experience in drafting of pleadings and documents.  (II) Age: Not exceeding 32 years. For LL.M. and Ph.D. degree holders, upper age limit is relaxable by will 3 and 5 years, respectively.  Selection Procedure and Scheme of Exam:  Selection will be through Written Examination (‘WE’) and interview. The WE consist of two papers; while Paper-I has objective and descriptive tests for total of 150 marks, Paper-II is purely descriptive in nature for 100 marks. The following table is states the pattern of written test. S.No. Name of the Test Max. Marks Duration 1 Paper I – General Knowledge of Law 3 hours 2 Objective Type 30 3 Descriptive Type 120 Total 150 Paper II – English Descriptive Type 100 3 hours Grand Total 250 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.  Career Prospects:  (i) Pay Scale:  Selected Candidates will draw a starting basic pay of Rs.21,000/- p.m. in the scale of Rs.21000-1000-30000-EB-1000-32000-1100-36400 applicable to Officers in Grade B and they will also be eligible for Dearness Allowance, Local allowance, House Rent Allowance, Family Allowance and Grade Allowance as per rules in force from time to time. At present, initial monthly Gross emoluments to direct recruit Grade B Officers are approximately Rs.43,216/-(including House Rent Allowance).  (ii) Appointment and Transfers:  (i) Selected candidates will be initially posted in the Bank’s office within the Recruitment Zone for which they had applied.  (ii)The probation period is two years. At Bank’s discretion, the probationary period may be extended up to a maximum period of four years.  (iii) There are reasonable prospects for promotion to higher grades.  (iv) Selected candidates are liable to be posted and transferred anywhere in India.

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Published on 11/3/2015 2:54:00 PM

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