Legal Due Diligence Checklist Legal Due-Diligence Title Related Devolution of the title Last thirty years on the basis of the
Government Records
Title documents
Status of the Ownership – HUF, individual
Legal Due Diligence Encumbrances
Competence to transfer – Memorandum & Article of association, bye laws of society, incorporation certificate Compliance of the procedure in case of body corporate Transaction/ transfers are in compliance of aim and object of the body corporate Statutory compliance/ procedural Compliances – lease and licenses Any restriction on the ownership regarding holding/ using and transferring the land
Searches from the office of the "Subregistrar "Revenue Records
Charge of loan
Jamabandi of last thirty years
Statutory dues personal of the owner or taxes or on the land
Mutations incorporated in the Jamabandis
Pending Court proceedings
Nature of land Pending acquisition
Easementary rights Type and nature of owner- Individual, body corporate, HUF
Legal due diligence – Title / Encumbrances related
Other dues Unearned profits /freehold charges/ transfer charges Under any land acquisitions or any litigation thereto Restriction on transfer or division of plot or selling in the form of plots
Obtaining the Nonencumbrance certificate from Subregistrar" Office of local bodies – for urban property Registrar of companies Registrar of Societies Courts where property situated Notice for the proposed transaction inviting objections
Relevant statute creating the body corporate
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