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Escrow Agent
'Escrow' is an arrangement made under contractual provisions between transacting parties, whereby an independent trusted third party receives and disburses funds and/or documents for the transacting parties. It depends on the fulfilment of contractually-agreed conditions by the transacting parties. We act as an escrow agent in several transactions involving institutional / individual arrangements. The services also include providing escrow for commercial transactions , mergers and acquisitions, disputed liability ,private equity transactions and escrow for timely payouts and maintenance of escrow mechanism.
Scope of Services
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Structuring of the escrow mechanism along with the transacting parties;
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Vetting of the escrow agreements and other ancillary letters/documents/writings etc;
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Opening, operating bank and demat escrow account and liasoing with the bank and depository for the same;
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Holding assets (movable: cash / shares or immovable: land title documents) in escrow;
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Acting in accordance with escrow agreement;
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Monitoring of escrow bank and/or demat accounts, undertake the movement of cash and documents in accordance with the agreed escrow mechanism;
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Ensure compliance of escrow terms by all concerned parties;
Release of escrow amounts and documents and successful closure of the underlying commercial transaction.