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Joint venture
A LTD & B LTD ENTER INTO A JOINT VENTURE AB LTD...
MY QUERY IS..... WHETHER THE CASH RECEIPTS OF AB LTD CAN BE UTILIZED BY A LTD OR B LTD... OR IT BELONGS SOLELY TO THE JV AB LTD....
THANKS IN ADVANCE
Replies (2)
Its will depend upon the agreement beetwen them whether the Joint venture receipt will be retained in the name of JV or will be distributed....
mostly better if it is only for the jv dear
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