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Steps taken by the authorized person to satisfy the legal requirement of the task to be perform. specially in case taking decision in buying and selling .
Acting sincerely and promptly......Thanks.
Evaluation of assets and liablities to understand the commmercial potential of the company
To evaluate a business in terms of assets and liabilities before entering into a buying or a contrractual agreement with that business
a systamatic assesment of pros and cons of a contract inorder to nsure the future feasibility of a busuness dal
In Banking or Financial Industry angle due diligence means the measures taken to ensure that whatever data you captured or the customer claimed as per the legal/regulatory requirement is accurate. For instance, the address which the customer claimed that belongs to him/her could be verified by requesting a proof of the rental agreement, or a utility bill of the same address under the customer name or by checking any publicly available data such as national population register etc. On the basis of the risk involved the bank o FIs may perform a simplified due diligence or enhanced due diligence. The level of due diligence required depends up the risk appetite of the Bank or FI
A Due Diligence is an audit launched by the purchaser/investor in order to appreciate the value of the investment. Depending on the results of the audit (review of legal and finance documentation), the purchaser would be able to make an appropriate offer to the seller. It would also allow the parties to determine the scope and importance of the guarantees to be granted by the seller to the purchaser.
Due Diligence could also be launched by the seller (vendor due diligence) in order to present its assets to the potential purchasers.
Due diligence is an act of observing and adhering to the does and don't (policies and procedures) of an organisation.
Due diligence is a general steps commonly responsibility of a person in order not to harm other person. Should take a consideration before conducting any move towards another.
the detailed or comprehensive examination of a company, board of directors or commissioners, executive and non-executive management and its financial records; an audit or examination done before becoming involved in a business arrangement with its ventures, businesses, affiliations and associate firms.
For decision making, or before executing a document, one needs to examine the authenticity of the other party, of both direct and indirect details. Direct details would include their address, activity and documentation provided by them and their verification. Indirect details verification would be a study of their financials, web search on their activities to substantite their claims, references etc. Due diligence is a step done in order to take an informed decision in order to avoid unwarranted circumstances further leading to legal implications.
