Hi Friends,
What is the procedure for a Joint Venture two indian pvt ltd companies? Any registration to be done? What are the steps involved? Any approval is required? Returns to be filed? Please help.
Thank You.
Raghu
Raghu (AAO) (37 Points)
20 February 2013Hi Friends,
What is the procedure for a Joint Venture two indian pvt ltd companies? Any registration to be done? What are the steps involved? Any approval is required? Returns to be filed? Please help.
Thank You.
Raghu
shraddha singhi
(COMPANY SECRETARY)
(216 Points)
Replied 20 February 2013
My understanding on the subject says that here in your query both Indian Companies are willing to enter into joint - venture company. The establishing timeline and procedure is not so lengthy as in when FDI is involved.
Here a JV agreement is of primary concern and rest of the procedure would be same as if you are forming a company.
(correct me if i am wrong in my perception)
Regards,
S. Singhi
Deepak
(article assistantc)
(25 Points)
Replied 20 February 2013
Dear Raghu,
For joint venture there is no specific act but some points need to be kept in mind while entering into joint venture agreement
1. both company AoA should be authorise- if not authorised pls ammend AoA
2. joint venture business clause should be there in objective clause, if not pls ammend by passing board resolution and special resolution.
3.draft an agreement on bond paper duly attested by authorised person.
shivani
(consultant)
(122 Points)
Replied 20 February 2013
Dear all
instead as JV its amalgamtion of two entiies.
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