SOP Legal Expenses

1. Internal document
Page 1 of 2
SOP Legal Expenses
Details :
Process Legal Expenses
Date 10/05/2017
Version VER 1/Legal Expenses/ 0517
Scope: Define/ classify legal expenses into professional fees /expenses and court fees.
Objective is also to provide user with basic guidelines while raising both types of bill.
Specifications:
Bill of Professional Fee Memo of Court fee
Bill to specify details of loan account against
which legal activity has been initiated
Memo should specify details of case
including loan no/ Agreement no., customer
name, nature of proceedings, amount
recoverable & court fee payable.
Bill to specify nature of legal action For payments against adverse orders
certified copy of order to be annexed
Bill should be accompanied by payment
request memo duly approved as per
authority matrix.
Mode of payment to be specified
Ensure system entry and updation while
raising the bill. Alternatively maintain a
repository in excel till systems are enabled
Endorsement of “No TDS to be deducted” to
be made in expense claim voucher.
Bill accompanied with expense claim voucher
to be forwarded to accounts department
Memo accompanied with expense claim
voucher to be forwarded to accounts
department duly approved as per authority
matrix.

2. Internal document
Page 2 of 2
SOP Legal Expenses