• +91 98334 20217
  • vaishali.urkude@mitconindia.com

Service Details

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 Service

  • Structuring of the escrow mechanism along with the transacting parties
  • Vetting of the escrow agreements and other ancillary letters/documents/writings etc.
  • Opening, operating bank and demat escrow account and liasoing with the bank and depository for the same
  • Holding assets (movable: cash / shares or immovable: land title documents) in escrow
  • Acting in accordance with escrow agreement
  • Monitoring of escrow bank and/or demat accounts, undertake the movement of cash and documents in accordance with the agreed escrow mechanism
  • Ensure compliance of escrow terms by all concerned parties

Release of escrow amounts and documents and successful closure of the underlying commercial transaction.

© 2022 MITCON Credentia Trusteeship Services Limited (A subsidiary of MITCON Consultancy & Engineering Services Limited). All rights reserved.