ILG has been representing domestic and foreign banks, Non-Banking Financial Companies, Chit fund Companies, financial trading companies, and credit & amp; thrift companies, as well as their operating subsidiaries, affiliates, and holding companies.
We understand that the Banking and Financial sectors play a pivot role in the economy.
We also represent as compliance consultants for our banking and financial institutions and play an important role in ensuring compliance to complicated legal, regulatory and supervisory issues all the time, transcending various spheres of banking operations.
Our lawyers have substantial knowledge of and experience in dealing with the Laws & regulations and regulatory schemes within which banks and other financial institutions operate.
We have been representing our clients before DRT and DRAT to recover their debts from borrowers with promptitude.
Regulatory Framework and Compliances:
A. Provisions of RBI Act 1935 and Banking Regulation Act 1949.
B. Prevention of Money Laundering Act, 2002.
C. Securities and Exchange Board of India Act, 1992.
D. The Recovery Of Debts Due To Banks And Financial Institution Act,1993.
E. Government and RBI’s Powers Opening of New Banks and Branch Licensing.
F. Constitution of Board of Directors and their Rights. Banks Share Holders and their Rights CRR and SLR Concepts Cash-Currency Management Winding up – Amalgamation and Mergers.
G. Powers to Control Advances – Selective Credit Control – Monetary and Credit Policy Audit and Inspection.
H. Supervision and Control – Board for Financial Supervision – its Scope and Role Disclosure of Accounts and Balance Sheets Submission of Returns to RBI, Corporate Governance.
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