Ques No. 1 - Can a partnership firm enter into a joint venture agreement with another partnership firm?
Ques No. 2 - Who all can enter into a Joint Venture Agreement?
Menu
Joint venture
Replies (1)
Partnership firms do not have a seperate legal identity of their own, hence they can not enter into a joint venture agreement. However, partners of 2 firms, in their own capacity, can enter into a joint venture agreement. Further, Limited Liability Partnership firm LLP can enter into a JV with other LLP, as it has it's own separate legal identity. Thus, only those 'persons' can enter into a JV who have a seperate legal identity.
Recent Topics :
- “Income Tax Implications of Company-Related
- Advice needed: Hypothetical case of non-filing of
- Demand Raised for Cess Amount Despite Section 89 R
- WRONG BILL NO FILED IN GST R1
- Addtional trade name for my another firm
- Commission / Agency Business without books: REAL E
- Difference between AIS and 26AS data.
- Applicability of FCRA to Article Processing Fees (
- GST Return
- Practical queries on buy back of shares
Related Topics :
CAclubindia
