Bank Exams - Specialist Officers – Law Officers Syllabus

The syllabus for IBPS Law Officer is wholly related to banking laws and acts. The areas of questions appeared in the examinations are as follows.

1. Banking Regulations & Compliance and legal Aspects
2. Banking Regulated Important Laws
3. Commercial Laws with Reference to Banking Operation

Banking Regulations & Compliance and Legal Aspects

• RBI’s Constitution and Objectives
• Banking Regulation Act, 1949
• Reserve Bank of India Act, 1934
• Credit Information Bureau (India)
• Banker-Customer Relationship
• Payment and Collection of cheques and other Negotiable instruments Documentation
• Different modes of charging Securities
• Types of Collaterals and their Characteristics
• Foreign Exchange Management Act, 1999
• The Prevention of money laundering Act, 2002

Banking Regulation - Important Laws

• Limitations Act, 1993
• Bankers Books Evidence Act, 1891
• The Recovery of Debts due to Banks and Financial Institutions (DRT Act 1993)
• Securitizations and Reconstruction of Financial Assets and Enforcement of security Interest (SARFAESI), Act 2002
• Consumer Protection Act, 1986
• The Banking Ombudsman Scheme, 2006
• Procedure for Redressal of Grievances and Lok Adalats

Commercial Laws with Reference to Banking Operations

• Contracts of Guarantee
• Contracts of Bailment
• Contracts of Pledge
• Contracts of Agency
• Meaning and Essentials of a Contract of sales
• Conditions and Warranties
• Unpaid seller
• Definition, meaning and nature of partnership
• Relations of partners to one another
• Relations of Partners to Third Parties
• Minor Admitted to the benefits of partnership
• Dissolution of a Firm
• Effects of Non-Registration
• Definition and features of company
• Types of companies
• Memorandum of association and articles of association
• Doctrines of ultra Virus/ Constructive Notice/ Indoor management
• Prospectus
• Transfer of property Act, 1882
• The Right to information act, 2005
• Right to information and obligation of Public authorities
• Information Technology Act, 2000

Published date : 29 Oct 2015 02:32PM