To be a successful in the Banking and Finance industry, you need to have a comprehensive understanding of the legislation and regulations governing this area as well as the practical implications of such laws.
Enrolls in this Program now to specialize in Banking and Finance Law and learn to:
• Identify and interpret correctly the relevant statutory and regulatory requirements that apply to complex lending transactions, such as those relating to foreign exchange, debt recovery, and dispute resolution;
• Draft and review loan agreements and other important documents necessary for corporate finance transactions; and
• Understand the implications provisions in the new Companies Act, 2013 that impact the Banking and Finance industry.
Are you a:
• Law student eager to build a career in corporate law firms or in the banking and finance industry;
• Practicing lawyer intent on enhancing your knowledge of, and skills necessary for practicing in, Banking and Finance Law; or
• Management and Finance student or professional keen to understand the various laws and regulations applicable to the Banking and Finance industry?
We recommend that you enroll in this Program now. We also recommend that you enroll in the Introduction to Banking and Finance Laws Program as well, if you do not have a basic knowledge of Banking and Finance laws.
Did You Know?
• That only a person who has lived in India for more than 182 days in a year can be considered to be a “resident of India” for that year under the foreign exchange regulations of India?
• That a Banking Ombudsman was set up in 2006 specifically to address complaints relating to banking services?
• That the operational section of a loan agreement contains the key commercial details of the loan such as details about the amount, tenure, and repayment of the loan?
• That the location of the bank, the borrower, and the location where the agreement was executed are all factors that need to be considered while determining the stamp duty payable on a loan agreement?
Unit 1: Foreign Exchange Regulatory Laws
• Study the legal and regulatory framework of foreign exchange laws that affect banking operations and lending transactions;
• Understand the broad structure of the Foreign Exchange Management Act, 1999; and
• Learn about regulations introduced by the Reserve Bank of India (“RBI”) relating to inbound and outbound foreign exchange transactions.
Unit 2: Debt Recovery
• Understand various options available to banks to recover the debts due to them when borrowers fail to repay their debts.
• Learn about when debt recovery tribunals are set up and learn about the legal framework governing them.
• Study the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interests Act, 2002.
Unit 3: Dispute Resolution
• Understand the avenues of dispute resolution available to banks and their customers.
• Study the roles of consumer courts and the banking ombudsman;
• Examine the applicability of alternative means of dispute resolution, such as arbitration.
Unit 4: Preparing Documents for Corporate Loans
• Understand how documents are drafted for a typical corporate term loan.
• Explore the different kinds of documents that are involved in a typical corporate term loan.
Unit 5: Drafting the Loan Agreement - I
• Learn the essential principles to draft an effective loan agreement.
• Examine closely the components of a facility agreement that relate to the introduction, interpretation, and the operation of the loan.
Unit 6: Drafting the Loan Agreement - II
• Study in detail the sections on terms and conditions—typically the most heavily negotiated part of the agreement.
• Examine the various boilerplate clauses used commonly in loan agreements.
Unit 7: Understanding Stamp Duty Implications
• Understand the statutory framework governing stamping of documents.
• Learn the significance of stamping documents correctly and how this impacts loan transactions.
Unit 8: Understanding Non-Banking Financial Companies
• Identify the various kinds of entities that are considered to be Non-Banking Financial Companies (“NBFCs”).
• Study the provisions regulating the management and operation of NBFCs.
Unit 9: Understanding Relevant Provisions of the Companies Act, 2013
• Examine the effect of Companies Act, 2013 on the banking and finance industry.
• Identify and study the provisions that directly impact on banking transactions.