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Please define

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(Querist)
19 December 2013 Dear Sir,
Please explian the difference between joint venture and associate company.

Thanks & Regards
Dhiraj Kumar
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
20 December 2013 associate company is where you own less than 51% but exercise significant influence due to shareholding or board control.

whereas joint venture is a special entity floated by 2 or more enterprises or persons for a specific purpose or activity.

So an associate is more of a long term thing where as joint venture is more on short term side for eg Bharti - Walmart joint venture.
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