Write short notes on the following: (i) Breaking legal due diligence hurdles

Breaking legal Due diligence Hurdles: The following points are considered as hurdles while under taking due diligence: Non availability of information Unwillingness of target company's personnel in providing the complete information Providing of incorrect information Complex tax policies and hidden liabilities Multiple Regulations and its applicability Process in providing data Absence of proper MIS. Actions to break hurdles in due diligence: The following actions may break the aforesaid hurdles: Focus follow up questions. Ask several people the same questions and utilise appropriate professional skepticism. Polite persistence may help to overcome this attitude. Independent check with regulatory authorities Strategised proper planning and timing of the due diligence such as, preliminary discussion.