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S.R.Hegde, is an advocate and specialized in all kinds of legal matters. He has vast experience since June 1968 to November 1974 and presently practising at Bangalore. He also a Panel Advocate and also Retainer for several Banks and National level institutions as well Independent Trustee for Mutual Funds. He has qualified B.A., LLB and LLM from Karnataka University in the year 1966, 1968 and 1970 respectively. He held various positions during his experience.
- Reserve Bank of India - B Grade Legal Officer from 01.11.74
- Reserve Bank of India - C Grade Asstt. Legal Adviser from 04.04.78
- Reserve Bank of India - D Grade Dy. Legal Adviser from 17.10.83
- Reserve Bank of India - E Grade Joint Legal Adviser from 17.01.91
- Reserve Bank of India - F Grade Addl.Legal Adviser from 26.08.97
- Reserve Bank of India - F Grade Legal Adviser-in-charge, Legal Division DNBS from August 1998 till retirement 31.07.2002.
He is a Life Member of Indian Council of Arbitration.
Some of the Membership / Association with and Specialisation in, of Shri S.R.Hegde
Associated with the Banking Laws Committee
Finally scrutinized reports on:
Real Property Scrutiny Laws; and
Personal Property Security Laws
and recommended legislative measures.
Associated with the introduction of speedier recovery measures of institutional debts and related legislations.
Being a member of the TASK FORCE constituted by Reserve Bank to review the Exchange Control Regulations in India, had the occasion to study in detail various aspects of the Foreign Exchange Regulations, and visited -
Bank of Thailand at Bangkok from 10.12.1993 to 15.12.1993
Bank of Indonesia at Jakarta from 16.12.1993 to 22.12.1993
Bank of Malaysia, Kuala Lumpur from 23.12.1993 to 27.12.1993
and also had several rounds of discussion with the concerned authorities in those Banks / Countries - especially regarding their foreign exchange regulatory system. After detailed study of foreign exchange regulations also of various other countries, prepared and submitted the Report. This Report is almost fully accepted by the Reserve Bank and further process of implementation of the Report has resulted in the legislation of FEMA.
Visited the following banks in the year July 1993 -
- Barclays Bank, at London
- SBI European Bank, at London and
- Netherlandsche Bank at Amsterdam
and discussed various aspects of Banking with the concerned authorities.
- Undergone special training and workshop in Law Making - i.e.Legislative Drafting, conducted by International Law Institute at Washington D.C. in U.S.A. This training included various processes of drafting - legislation, Delegated legislation like rules, regulations, notifications, directions, orders and the like and also the proper interpretation of them. It was a workshop with actual exercise in those fields.
- Taken several sessions, given talks on various legal matters and statutes at various Training Colleges and Institutes and other forms.
Conducted several workshops and training programs for Senior State Governments officials and District Magistrates of various states regarding implementation of Penal provisions etc. contained under various special statutes.
- Formation of Apraca Country Development Society of India
Taking note of the plan of action for Technical Co-operation among Developing Countries (TCDC) adopted by 138 countries including those from Asia and the Pacific region at the UN conference in Buenos Aires on 12th September 1978, and of the resolution adopted by the FAO member governments in the Asia and Pacific region during 1976 FAO regional conference held in the Philippines creating the Asian and Pacific Rural Agricultural Credit Association (APRACA) having its headquarters at Bangkok, Thailand, it was decided to form a Country Fund at India affiliated to APRACA. Accordingly, 8 member institutions at India including Reserve Bank of india, State Bank, NABARD and National Federation of Co-operative Banks decided to form the country Fund. The entire work of framing Memorandum, Rules and Regulations, By-laws, registration of the APRACA COUNTRY DEVELOPMENT SOCIETY OF INDIA was exclusively attended and completed independently.
- Effectively participated in the TASK FORCE (known as Vasudeo Committee) constituted under the chairmanship of the then Special Secretary, Government of India, banking Division for considering the regulatory measures for non-banking financial sector which has made several concrete recommendations in 1998. The committee report is fully accepted by the Reserve Bank as well as the Government and are being implemented. Major portion of the recommendation is of providing statutory backup, for which basic draft of a new legislation was prepared, which is introduced and pending in the Parliament.
- Invited by the International Monetary Fund, Washington D.C. to participate in the sixty seminar on Current Legal Issues - May 6th to May 15th 1998 at Washington D.C. and have effectively participated and the deliberations were appreciated by the authorities concerned as well as the representatives of several countries.
- Was deputed to participate in the advanced training program on Legislative Drafting organized by the International Law Institute, Washington D.C. from 7th June to 25th June, 1999. Having the flair of legislative drafting and also having undergone basic training earlier, specialization in legislative drafting is being further fortified.
- Visited Federal Deposit Insurance Corporation (FDIC), Washington D.C. and had detailed discussions regarding the insurance coverage for deposits accepted by financial institutions.
- Undergone a special training program on BANK RECONSTRUCTING AND GOVERNANCE during October, 2001 conducted by INTERNATIONAL LAW INSTITUTE, WASHINTON D.C., USA.
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