P ARIMAL K. SHROFF & CO Advocates, Solicitors & Notary Mumbai, India

 What is TITLE?  The concept of MARKETABLE TITLE.  The covenant “free from encumbrances” in the standard Conveyance.  The duty of disclosure on the part of the Seller under the law.  The Right of Title in India.  What amounts to deducing the Title? 2 Parimal K. Shroff & Co.

DUE DILIGENCE DUE DILIGENCE What is Due Diligence ?  What is Due Diligence ?  Due Diligence on the OWNERSHIP.  Due Diligence on the OWNER.  Due Diligence on the TRANSACTION. 3 Parimal K. Shroff & Co.

TYPES OF DUE DILIGENCE  Procedural Due Diligence  Accounting Due Diligence  Corporate Due Diligence  Environmental Due Diligence (CRZ /Mangroves)  Structural Due Diligence  Planning Regulation Due Diligence  Development Potential Due Diligence 4 Parimal K. Shroff & Co.

 TITLE DUE DILIGENCE  STATUTORY DUE DILIGENCE  REGULATORY DUE DILIGENCE 5 Parimal K. Shroff & Co.

 DUE DILIGENCE- When AGREED upon  DUE DILIGENCE - When document is SILENT. 6 Parimal K. Shroff & Co.

TERMS TO BE PROVIDED IN THE AGREEMENT REGARDS TITLE  Production of Title Deeds  How Title is to be made out?  What Title is to be made out?  Whether it is to the satisfaction of Advocate of Purchaser?  Provision for answering requisitions  Time for answering requisitions  Acceptance and Rejection of Title  Rescission Clause of the Vendor or Purchaser  Refund of monies received by the Vendor 7 Parimal K. Shroff & Co.

DUE DILIGENCE in case of:  Private Limited Company  Public Limited Company  HUF  Partnership Firm  Membership of Cooperative Society Contd... 8 Parimal K. Shroff & Co.

 Individual with matrimonial dispute  Minor  Person of unsound mind  Lady as Vendor  Association of Persons  Company in liquidation  Cooperative Society Contd... 9 Parimal K. Shroff & Co.

 Government Body for government as Vendor  Government Land  Municipal Land  Grant Land  Agricultural Land  Listed Properties 10 Parimal K. Shroff & Co.

IMPORTANCE / NECESSITIES OF :  Public Notice  Searches in the office of Sub-Registrar of Assurances  Revenue Records  Municipal Record  Tax Due Diligence 11 Parimal K. Shroff & Co.

THANK YOU Advocates, Solicitors & Notary P ARIMAL K. SHROFF & CO Mumbai Office: Rustom Building, 29, Veer Nariman Road, Fort, Mumbai , INDIA Phone: / -3317/ Fax: