Consortium

Dear Sirs,

One indian public company, one partnership firm and one non resident (german) decided to accept a local authority's consultation work in india as a consortium. whether it is necessary to have a constitution for consortium? if yes, what?  they would like to dissolve the same after this venture. can it be formed as company , partnership firm, LLP or SPV ? what are the formalities ?

 

what is SPV & what are the formalities for its formation?

please help me

Replies (3)
Having a constitution for such an activity is advisable. I think LLP would be more appropriate. SPV is usually applied in banking and asset management companies related to SARFAESI.

how can sir

a partnership can not enter into a llp

Pardon me, in that case, i do not have the answer to your question.

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