K.K.Balu is former Vice Chairman of Company Law Board. He has 49 years of Legal/Judicial/Banking/Teaching/Housing Finance Experience. His vast experience includes being Vice-Chairman and Member (Judicial) of Company Law Board, has held senior positions in National Housing Bank and Syndicate Bank, directorship in BOB Housing Finance Limited; Shriram Housing Finance Limited; Periwal Bricks Limited & Akshay Avas Nirman Vitta Ltd., and practiced as an Advocate, demonstrating great Leadership Skills and High Professional Standards.
Currently, apart from practicing Law, since December 2009, Balu has been empanelled as an Arbitrator by (a) Council for National and International Commercial Arbitration; (b) London Court of International Arbitration, India; (c) Multi Commodity Exchange of India Ltd; (d) MCX Stock Exchange Ltd., (e) Indian Institute of Arbitration and Mediation; (f) IMC Court of Arbitration; (g) Indian Council of Arbitration; (h) National Securities Depository Limited (i) National Spot Exchange Limited; (j) National Stock Exchange Limited: (k) Bombay Stock Exchange Limited; and (l) Madras Stock Exchange Limited.
Director: Craftsman Automation Private Limited.
Advisory Trustee: Helikx, a special School and Learning Centre for children with learning disability.
Trustee: PRC Charities, Chennai since October, 2015.
Vasavi Clubs International District V 501A conferred the title “GEM OF VYSYAS” in 2009
49 years of Legal/Judicial experience in the areas of Corporate, Banking and Securities Laws.
Vice-Chairman, Company Law Board from July 2005 to September 2009.
Member, Company Law Board from September 1996 to July 2005.
Professional Banker from November 1978 to September 1996.
Advocate from March, 1968 to November, 1978 & since December, 2009.
B.A. (Eng. Litt.) passed in the year 1965.
B.L. passed in year 1967 from Madras Law College.
Post Graduate Diploma in Taxation Laws passed in the year 1969.
Diploma in Company Law with Banking Practice passed in the year 1982.
|Name of the Organization
||Period of service
|Nature of duties
||Company Law Board, a Quasi Judicial body, incorporated by Central Govt. under the Companies Act, 1956
|Jul 2005 – Sep 2009
Sep 1996 – Jul 2005
|Discharged functions under the Companies Act. Over 500 main orders came to be passed in hotly contested cases. Corporate disputes could successfully be reconciled through mediation process.
||National Housing Bank, New Delhi
Deputy General Manager (DGM)
Assistant General Manager
|Dec 1995 – Sep 1996
Jan 1992 – Nov 1995
Mar 1989 – Dec 1991
|In charge of Legal Department & Department of Regulation & Supervision and taken care of legal & regulatory functions of NHB concerning Housing Finance Companies.
||Syndicate Bank, Head Office, Manipal
|Nov 1984 – Mar 1989
Nov 1978 – Oct 1984
|Monitored all suit filed accounts of the whole Bank at H.O. In charge of Legal Cell, Zonal Office, Manipal – Attended legal issues of all branches within West Coast zone, Manipal.
||Government of Tamil Nadu
||Official Receiver (Part Time), within the local limits of the jurisdiction of District Judge, Erode
||Dec 1974 – Nov 1978
||Administered the estates of insolvents under
The Insolvency Act.
||Sri Vasavi College, Erode
||Part time Assistant Professor
||Jul 1970 – Oct 1978
||Taught Mercantile Law for B.Com classes 1970-78 and Company Law for M.Com classes during 1976-77
||Practiced as an Advocate
||Mar 1968 – Nov 1978
||Civil and Criminal work in District Court, Civil Judge Court, Munsiff Court, Erode, particularly handled recovery proceedings for banks and other organizations.
NHB’s Nominee Director in the following companies:-
BOB Housing Finance Ltd., Jaipur from August 1991 to September, 1996.
Periwal Bricks Limited, Delhi from May, 1993 to August 27, 1996.
Akshay Avas Nirman Vitta Ltd, Jaipur from July, 1991 to September, 1996.
Director in Shriram Housing Finance Limited from October, 2011 to 13th January, 2012.
Consultant for Shriram Group of Companies for 3 years ending with 30th May, 2014
Administrator: K.Raheja Hotels and Estates Private Limited, Bangalore from September, 2011 to March 2017.
Director in Karur Vysya Bank Limited from January, 2011 to July, 2016.
Chairman: Renaissance RTW Asia (P) Limited (Appointed by Hon’ble High Court of Madras) from March 2012 to February 2015.
Panel Member (a) “Committee of Experts” of the Federation of Andhra Pradesh Chambers of Commerce & Industry; (b) Investor Grievances Resolution Committee; (c) Investor Services Committee; (d) Independent Oversight Committee of Governing Board for Member Regulation; & (e) Independent Oversight Committee of Governing Board for Listing Function; constituted by Madras Stock Exchange Limited from March 30, 2012 to August 12, 2014.
Liaison Officer, NHB, SC/ST Cell from Mar 1993 to Sep 1996.
Included in the original “Core Group” as a Member, constituted in NHB for “Development of Secondary Mortgage Market in India”.
Conducted Domestic enquiry and internal investigation.
Contributed articles/write ups on legal matters of varied interest.
Included in the “PANEL OF EXPERTS”- Union Public Service Commission.
Guest Faculty, Staff Training College, Syndicate Bank, Mangalore/Manipal & National Housing Board imparting training to the officers of Banks/HFCs on legal issues.
Estate Officer, Syndicate Bank Zonal Office, Mangalore under the Public Premises Act, 1971.
Advocate Member in Tamil Nadu Legal Aid and Advice Board, Erode
Legal Adviser, during the period ending with 1978, for the following Banks:-
The South Indian Bank Limited, Erode, Gobi, Bhavani, Koduvel, Tirupur and Thavittupalayam Branches, Tamil Nadu.
The Lakshmi Vilas Bank Limited, Erode, Pallipalayam, Kangayam and Suriyampalayam Branches, Tamil Nadu.
Land Mortgage Co-operative Bank, Kodumudi, Tamil Nadu.
Additional Examiner, University of Madras for five years ending with 1978.
Included in the Panel of Receivers in the District Court, Erode under Chapter X of the Civil Rules of Practice from Mar 1974 to Nov 1978.
Professional Training Courses
Program for Legal Officers of Commercial Banks conducted by Bankers Training College, Bombay.
Legal Aspects of Development Banking organized by Development Banking Centre, Delhi.
Workshop of Marine Insurance conducted by the College of Insurance, Bombay
Conference of Directors on the Boards of Commercial Banks organized by Centre for Advanced Financial Research And Learning (CAFRAL-promoted by RBI)
National Workshop on effective financing of Agriculture with specific emphasis on recoveries organized by Syndicate Bank.
Program on Tax Planning for Industries organized by Mangalore Management Association.
Housing Finance Program at University of Pennsylvania conducted by Fels Centre, USA.
Micro Finance at University of Colorado at USA.
On the Job Training
USAID office of Housing & Urban Programme at Washington.
Office of Thrift Supervision at Washington.
Federal National Mortgage Association at Washington.
Department of Housing and Urban Development at Washington.
Federal Deposit Insurance Corporation at Washington.
Housing Mortgage Fund, Copenhagen, Denmark.
Building Societies in U.K.
Name in full : KALLAKURICHI KANNIAH CHETTIAR BALU (K.K.BALU)
Date of Birth : 15TH September, 1944
Birth Place : Thirukovilur, TN.
Native Place : Kallakurichi, South Arcot District