Formation of joint venture

Yes, it is possible.  You have to enter into a Joint Venture Agreement and incorporate the provisions of the agreement in the Articles also.  You have to engage some practising professional for drafting the JV agreement since it is extensive exercise and legal due diligence has to be carried out for the same.

Originally posted by : CA Ankita goel
	Can two private companies form a joint venture for providing services? If yes, need joint venture agreement and procedure of forming joint venture..

The broad steps involved in setting up a joint venture company in India are outlined as under:

	Locate an Indian partner
	Venture Agreement setting out the rights and responsibilities of the Parties Form a Joint
	In case the Joint Venture Company is a new company, incorporate a new company (public or private) and invest in agreed ratio. However, in case the investment is being made in an existing company by acquisition of shares by the foreign company, complete the share acquisition procedure.
	Commence Joint Venture Business

Can a foriegn company enter into Joint venture with an existing indian company by acquiring shares under companies act 2013? 

If yes what is the complete procedure for entering into? Does AOA needs to be amemded in line with JV agreement?