IBPS SO Professional Knowledge Syllabus for Law Officer 2020-2021

Today we are going to share the detailed Professional Knowledge Syllabus of IBPS SO Law Officer Exam 2020. Candidates who have applied or wish to apply for IBPS SO Law Officer post can now enhance their exam preparation with this chapter wise Law Officer Professional Knowledge Syllabus below. We have also shared important books for IBPS SO Law Officer in this post, which will help you prepare for your exam in a much better way.

Professional knowledge syllabus for IBPS SO Law officer exam is nothing but the knowledge of relevant Acts, Laws, and rules in India. So, let us quickly check out the detailed syllabus of professional knowledge and the recommended books which will help you deal with all the topics in the syllabus for Law Officer Exam. Before we move on, we suggest you take a look at the exam pattern of IBPS SO Law Officer.

Let’s have a brief about what a law officer does.

Who is a Law officer and what are the roles of a Law Officer?

A Law Officer is a person who is responsible for regulation of legal activities of the bank. He is the one who gives legal opinions, study reports and provides legal guidance whenever required by different branches of the Bank.

Another role of Law officer includes verifying that the contracts with any individual, company or any organization are legally correct along with providing legal pieces of advice to the staff members.

Detailed Professional Knowledge Syllabus of IBPS SO Law Officer 2020

 This section has the highest weight age in the exam. Major sections from where questions are asked include Law and Acts with direct and Indirect Implication on the banking sector like Contract Acts, Partnerships, Companies, Firm, Constitution and other such topics like-

• RBI Functions
• Relevant laws and rulings related to negotiable instruments, securities, Foreign Exchange
• Prevention of money laundering, Limitation Act
• Bankers Book Evidence Act, DRT Act
• Offenses and Penalties
• Consumer Protection Act
• Banking Ombudsman Scheme
• RTI Act, Information Technology Act
• Banking Regulated Important Laws
• Limitation Act, 1993
• Banker’s Books Evidence Act, 1891
• The Recovery of Debts due to Banks and Financial Institutions (DRT) Act,1993
• Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, 2002
• Miscellaneous Provisions Consumer Protection Act, 1986
• The Banking Ombudsman Scheme, 2006
• Procedure for Redressal of Grievance
• Commercial Laws with Reference to Banking Operation
• Contracts of Guarantee
• Contracts of Bailment
• Contracts of Pledge
• Contracts of Agency
• Meaning and Essentials of a Contract of Sale
• Definition, Meaning, and Nature 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/Constructive Notice/Indoor Management
• Transfer of Property Act, 1882
• The Right to Information Act, 2005
• Right to Information and Obligation of Public Authorities
• Banking Regulation & 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
• Types of Collaterals and their Characteristics
• Foreign Exchange Management Act,1999
• The Prevention of Money Laundering Act, 2002.
• Information Technology Act, 2000

Important Books for IBPS SO Law Officer Professional Knowledge Exam

• IBPS (CRP SPL-VI) Specialist Officers’ Cadre Law Officer Scale I Study Guide 
• IBPS-CWE Specialist Officer Cadre Law Officer Scale I & II Recruitment Exam
• IBPS-CWE BANK – LAW Exam by Chandresh Agrawal
• IBPS CWE – LAW Specialist Officer Work Book by Kiran Publication