International Joint Venture

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

21 January 2010 Can foreign comapnies enter into joint venture with indian company?

and if yes, then what is the procedure n compliance.

CS Bijoy

CS Bijoy (Expert)
Follow

12 May 2011 Ans to the question:
A foreign Company can enter in to joint venture with a Indian company.

In simple terms Joint venture is partnership agreement between two Companies to operate a business within the area specified in the agreement with their joint management or as per the agreement decide.
First of all make an agreement where all the details of terms of condition are given and get the approval of both the company.
And for compliances you can search in FAQ of MCA21.