Allahabad Bank

1.CRITERIA FOR EMPANELMENT OF ADVOCATE:-
A) For being included in the panel, an advocate should have experience of at least 7
(seven) years of independent and efective practice at Bar on the civil side preferably
in attending commercial matters or bank suits and be conversant with banking laws.
The experience as a designated Law Ofcer of a Bank/ PSU or as a Judicial Ofcer
may also be considered for the purpose.
B) For being included in the Junior Panel an advocate should have experience of at
least 7 years of efective practice at the Bar.
C) For being included in the Senior Panel an Advocate should have experience of at
least 15 years of efective practice at the bar.
D) The advocate should be of undoubted legal acumen and unblemished integrity.
E) There will be Panels for advocates practicing at High Courts, DRATs, DRTs, Dist
Consumer Forums & State Consumer Commissions, Civil Courts, Criminal Courts
and other trial Courts /Tribunals. Exclusive panels will be for conducting Search &
title deed verifcations, ROC search and for Drafting/Vetting/Audit of loan documents.
F) Advocates practicing in Specialized areas such as Labour Law matters, Cyber Law,
MRTP/Competition Law etc will also be considered for empanelment.
G) There will be Separate panel for High Courts, Supreme Court, National Consumer
Commission, National Company Law Tribunal etc. This empanelment will be done at
Head Ofce .
H) Matters/ Cases involving outstanding up to Rs.50.00 lacs will be entrusted to
advocates from Junior Panel and Matters/cases involving outstanding of Rs.50.00
lacs and above & other complicated matters will be entrusted to advocates from
Senior Panel.
2.OTHER TERMS AND CONDITIONS FOR EMPANELMENT:-
a) Advocate should agree to abide by the Bank’s terms and conditions as to the fees,
charges etc.
b) The concerned advocate will be informed in writing of his empanelment and on the
terms and conditions of empanelment as mentioned in Annexure-B.
c) It shall be made clear to the advocate that approval in bank’s panel of advocates
does not amount to an appointment or right for an appointment and bank is free to
engage any advocate of its choice and the empanelled advocate can not claim that
he should only be entrusted with the bank’s work.
d) The advocate should undertake not to appear against the bank and they do not
represent to the claims and ideologies adverse to those of the bank.
e) It shall be made clear that under no circumstances, they should use any legend
containing bank’s name or symbol in letter heads, sign-boards, name plates etc such
as legal adviser to Allahabad Bank or advocate for Allahabad Bank.
f) Duties and Responsibilities of Panel Advocates-
1. The Panel Advocate should under take the job for search relating to encumbrance
etc of the property only after receipt of a communication from the concerned
branch/ofce of the bank.
2. The Panel Advocate should not accept any request of Non Encumbrance Certifcate
from the constituent for the purpose of availing loan from our bank.
3.The Panel Advocate should verify the "Title Documents" in original before submitting
his report to concerned branch/ofce of the bank.
4.The Panel Advocate should submit to the concerned branch/ofce of the bank, the
original receipts for deposit of "Fee for Search" in the Registration Ofce/ Registrar
of Companies/ Court etc along with his report.
5.The Panel Advocate should point out any defect(s), whether legal or otherwise, in the
"Title Documents" which is prima facie apparent/manifest.
6. The Panel Advocate should himself verify the Registration records of the property
ofered as security.
7. In case, the verifcation of the Registration records is done by associate advocates/
assistants of the Panel Advocate, he should specify the same in his report and
undertake full responsibility for such reliance.
8. The Panel Advocate should inform the bank of pendency of any litigation concerning
the property, if it comes to his knowledge at the time of search or at any time
subsequent to furnishing the search report.
9. While pursuing/defending any litigation on behalf of the bank the Panel advocate
should -
a) - Intimate the day to day progress of the matter to the concerned branch/ofce of
the bank.
b) - Not seek adjournments without any valid & cogent reasons.
c) - Not make any submission before the Court without proper instructions
from the concerned branch/ofce of the bank.
d) –May advise the concerned branch/ofce of the bank for engaging Senior Advocate
/ Counsel if required to protect the interest of the Bank.
e) -Not appear either directly or on behalf of his juniors/assistant advocates against
the bank.
Annexure-A
APPLICATION FORM for EMPANELMENT of ADVOCATE
1 NAME OF ADVOCATE
2 DATE OF BIRTH
3 EDUCATIONAL QUALIFICATIONS
(including distinctions in academic carrier)
4 Name of Bar Council & Enrollment Number
(enclose copy of Bar Council ID, also)
5 Residential Address with Phone No
6 Period of practice/
Place of practice/
Court of practice
( attach experience certifcate from court/ Bar)
7 In which ofce trained as Junior/
apprentice/
Name of Senior:
8 List of Banks, institutions, companies,
corporation, business houses engaging them
on retainer basis or otherwise
(attach proof)
PHOTOGRAPH
10 Whether belong to SC / ST/ OBC/ MC
11 PAN number issued by Income tax dept
12 Any other relevant information
13 Whether empaneled with any Banks in the
past. If Yes, give details
Signature of advocate
Attached: attested true copies of testimonials
1. Enrollment Certifcate & Bar Council ID
2. Experience Certifcate from court/Bar
Empanelment of valuers, their qualification and Experience:
1.Qualifcation for Empanelment of Valuers- Valuer of immovable property:
1.1 Must be a graduate in civil engineering, architecture or town planning of a
recognized university; or is a post-graduate in valuation of real estate from a
recognized university; or possess an equivalent qualifcation.
1.2 Must have been in practice as a consulting engineer (valuer of real estate),
surveyor or architect or has worked with state/ central government or any other
institution of repute and engaged in:
(a) valuation of buildings and urban lands; or quantity surveying in building
construction; or architectural or structural designing of buildings or town planning; or
construction of buildings or development of land;
1.2. Valuer of agricultural lands (Other than plantations):
1.2.1 Must be a graduate in agricultural science of a recognized university and must
have worked as a farm valuer or was formerly employed in a post under Government
as a Collector, Deputy Collector, Settlement Ofcer, Land Valuation Ofcer,
Superintendent of Land Records, Agricultural Ofcer, Registrar under the
Registration Act, 1908 (16 of 1908), or any other ofcer of equivalent rank performing
similar functions and must have retired or resigned from such employment.
1.3. Valuer of machinery and plant:
1.3.1 Must be a graduate in mechanical or electrical engineering of a recognized
university; or possess post-graduate degree in valuation of machinery and plant
from a recognized university; or possess a qualifcation recognized by the Central
Government for recruitment to superior services or posts under the Central
Government in the feld of mechanical or electrical engineering.
2. Experience:
Valuer must have an experience of valuation of similar type of Assets as mentioned
below:
Category A B C
Asset Value Above Rs.50.00 Cr Above Rs.5.00 Cr
up to Rs.50.00 Cr
Up to Rs.5.00 Cr
Minimum
Experience
10 Years 8 Years 5 Years
3. In all the cases as above, he/she should preferably be registered as a valuer under
Wealth Tax Act. or with any other institution(s) of repute viz, a Commercial Bank,
Central/State Government or its undertaking, for conducting particular type of
valuations. He/she should be a member of the Institute of Valuers or Institute of
Engineers or any other such accredited body.
4. For Valuation of other assets, not mentioned herein as above, the services of valuers
registered under the Wealth Tax Act, for valuation of those particular assets, may be
obtained, with due permission of the Zonal Ofce.
[Note: Notwithstanding anything contained herein above no person shall qualify
for
registration as a valuer if, (an afdavit to be obtained):
(a) he/she has been dismissed or removed from Government service; or
(b) he/she has been convicted of an ofence connected with any proceeding under the
Income-tax Act, 1961 (43 of 1961), or the Wealth-tax Act, 1957 (27 of 1957), or the
Gift-tax
Act, 1958 (18 of 1958), or a penalty has been imposed on him under clause (iii) of
subsection
(1) of section 271 or clause (i) of section 273 of the Income-tax Act, 1961, or under
clause (iii) of sub-section (1) of section 18 of the Wealth-tax Act, 1957, or under clause
(iii)
of sub-section (1) of section 17 of the Gift-tax Act, 1958; or
(c) he/she is an un-discharged insolvent; or
(d) he/she has been convicted of any ofence and sentenced to a term of
imprisonment; or
(e) he/she has been found guilty of misconduct in his professional capacity i.e. in a
case where he/she is a member of any association or institution established in India
having as its object the control, supervision, regulation or encouragement of the
profession of engineering, architecture, accountancy, or company secretaries or such
other profession as the Board may specify in this behalf by notifcation in the Ofcial
Gazette, by such association or institution; or
(f) his /her services have been found to be unsatisfactory by the bank.]
APPLICATION FORM for EMPANELMENT of VALUER
Particulars of the Form to be furnished for the purpose of Empanelment of Valuers :
1. Name of the Architect/Firm/Valuer Ora!i"atio! #ith $ualificatio!
2. A%%re&&
3. 'ear of E&ta(li&hme!t
4. Co!&titutio! of the firm )#hether Pro*rietar+/Firm *art!er&hi* or
Limite% Co,- etc,.
5. Name/li&t of Pro*rietor/Part!er/ Director& a!% their *rofe&&io!al
$ualificatio!&- e/*erie!ce a!% &ta!%i! )Detail& ma+ (e fur!i&he%
i! a &e*arate &heet- if !ece&&ar+.,
0u(mit *roof of $ualificatio!- e/*erie!ce- %ate of (irth etc,.
6. Name a!% a%%re&& of the 1a!2er& to the 3aluer&4
7. 5hether a! a&&e&&ee of I!come Ta/, If &o- me!tio! *erma!e!t
accou!t !um(er,
Fur!i&h co*ie& of late&t I!come Ta/ cleara!ce certificate a!%
PAN
8. If +ou are rei&tere% i! the *a!el of other Ora!i"atio!&/&tatutor+
(o%ie&- &uch a& 1a!2&/LIC/Pu(lic 0ector u!%er ta2i!& /Rail#a+&
4 A& *er Proforma6 I
/Court& etc, fur!i&h their !ame&- cateor+ a!% %ate of
rei&tratio!,
9. 5hether Rei&tere% a& Valuer u!%er 5ealth Ta/ Act, / I!come
Ta/,
If 'e&- i3e %etail& 3i", T+*e of 3aluatio! a!% %ate of rei&tratio!
)0u(mit Proof.
10
.
5hat are +our fiel%& of acti3itie&7 Me!tio! the fiel%& o!
*refere!ce (a&i&,
i. Valuatio! of
Re&i%e!tial/
Commercial
*ro*ertie& 'e&/ No
ii. Valuatio! of
Ariculture La!%
'e&/No
iii. Valuatio! of Pla!t
a!% Machi!er+
'e&/No
i3.Other& )me!tio!.
11
.
Profile &tructure/tech!ical *er&o!!el of the ora!i"atio! a!%
tech!ical &et u* for 3ariou& &*eciali"atio! #o2& &uch a&
3aluatuio! of 3ariou& t+*e& of *ro*ertie&4
4 A& *er Proforma6 II
12
.
Detail& of Mem(er&hi* of I!&titute of Valuer&- I!&titute of
E!i!eer&- other &uch (o%ie& ) 0u(mit Proof.
13
.
5hether #illi! to #or2 a!+#here i! I!%ia or me!tio! the *lace&
#here +ou are #illi! to #or2,
14
.
Detaile% %e&cri*tio! of #or2& ha!%le% for the 1a!2 a!% other
ora!i"atio!& i! the *a&t a!% #or2& (ei! ha!%le% at *re&e!t,
15
.
Fur!i&h the !ame& #ith a%%re&& of three re&*o!&i(le *er&o!&
#ho #ill (e i! a *o&itio! to certif+ a(out the &er3ice& a& #ell
a& the *a&t *erforma!ce of +our ora!i"atio!,
i.
ii.
iii.
16
.
0che%ule of Chare&4
17
.
A!+ other rele3a!t i!formatio!- if a!+,
Undertakin:
I/5e u!%erta2e that the i!formatio! fur!i&he% i! the format/e!clo&ure& there#ith i& true a!%
correct to the (e&t of m+ 2!o#le%e,
I/ #e further certif+ that I/ 5e i!%i3i%uall+ or 8oi!tl+- ha3e !ot (ee! %e(arre%/ %e em*a!elle%
*re3iou&l+ (+ a!+ 1a!2/ ora!i&atio! or ce!tral/ &tate o3er!me!t or a!+ other (o%+ cor*orate,
If em*a!elle% for the 1a!29& #or2- I/ #e &hall !ot u!%erta2e the #or2 of 3aluatio!- i! #hich I/5e
or m+/our clo&e relati3e& ha3e a %irect or i!%irect i!tere&t,
Date46
Place4 6 0 i ! a t u r e 5ith 0eal
Note4
The format i& to (e t+*e% or Ha!% #ritte! !eatl+, I! ca&e- the &*ace i& !ot &ufficie!t e!ouh to fill
i!- a &e*arate format ma+ (e fur!i&he% #ith the a(o3e %etail& i! Toto a!% late&t *hotora*h,
5here co*ie& are re$uire% to (e fur!i&he% the&e are to (e certifie% co*ie& Prefera(l+ (+ the
co!cer!e% ae!cie& or a Go3er!me!t Officer,
Enclosure to Annexure A
P!"F"!#A $ %
Detail& of Rei&tratio!
&ame of the Valuer:
'l( &o( &ame of the
"rani)ation
and
address
*ateor+
under ,hich
reistered
-ate of
!eistration
and validit+
!emarks
1. 2. 3. 4. 5.
' i n a t u r e
&ote: - !elevant documentar+ evidence to be enclosed(
Enclosure to Annexure A
P!"F"!#A $ %%
&ame of the Architect.*onsultant.Firm:
'l( &o( &ame -esination /ualification Experience 0ears
,ith the
firm
An+ other
information
1. 2. 3. 4. 5. 6. 7.
' i n a t u r e