We carry out due diligence searches at the Companies, Lands, Revenue Authority and Court Registries to advise the financial institution of any pending actions that may affect the position of the borrower company vis-à-vis ability to continue business, Directors of a company, authority to borrow, prior charges created by the borrower keeping in view that the register of charges is not wholly reliable as some securities such as Charge Pledges are not registrable among others.
We utilize our capacity to investigate and carry out audits of securities and advise on the validity of their creation and enforceability.
Under this, we ordinarily study the available documentation on file from the identification of the Borrower, loan application process and documentation which include but are not limited to the memorandum and articles of association, loan agreements, mortgage deeds, borrower address, guarantors, title deeds, lease terms of title where applicable, execution of deeds among others.
We further search the appropriate registries to ensure that the securities are registered and are correctly described and entered on the register.
