Selection of Indian and Foreign Partners

• Identify compatible Indian and foreign entities for collaboration
  
• Conduct background checks and mutual evaluations
  
• Align on business goals, investment, and operational strategy
  
• Finalize roles, responsibilities, and shareholding ratios
  
• Sign a memorandum of understanding or letter of intent
  

Drafting the Joint Venture Agreement

• Prepare a comprehensive joint venture agreement
  
• Define objectives, management, capital, and profit-sharing
  
• Include clauses for dispute resolution and termination
  
• Ensure compliance with Indian contract laws
  
• The agreement must be signed by authorized representatives
  

Choosing the Business Structure

• Decide whether to form a private limited or public limited company
  
• Most JVs are incorporated as private limited companies
  
• Choose the company name and get approval from the MCA
  
• Select the registered office location for incorporation
  
• Decide on directors and authorized signatories
  

Filing Incorporation Documents

• Prepare and file the Memorandum and Articles of Association
  
• Submit the SPICe+ form along with PAN, TAN, and GST application
  
• Attach ID and address proofs of the directors and subscribers
  
• Provide consent forms and declarations for compliance
  
• Pay statutory fees and stamp duties as per MCA norms
  

Receiving the Incorporation Certificate and Compliance

• Ministry of Corporate Affairs issues the Certificate of Incorporation
  
• Obtain Corporate Identification Number and Digital Signature Certificates
  
• Open bank accounts in the company’s name
  
• File for the necessary business licenses and registrations
  

Start operations with proper governance and statutory compliance