The company may transfer the ownership and management to other company or an individual or to group of persons or any other due to any reason. This involves sale and/or transfer of business, transfer of trade and assets. In such situation, it is important to conduct due-diligence on that transaction. Due diligence activities during change of ownership and management shall include such as ensuring effective transfer of assets, preserving valuable rights, avoiding third party liabilities, complying with regulatory requirements, and management of employment related issues.