by Audit Analyst | Dec 13, 2025 | Joint Venture
Supremacy of the Companies Act The Companies Act, 2013 is a central legislation that governs the incorporation, regulation, and dissolution of companies in India. Any JV company formed as a private or public limited company must comply with its mandatory provisions....
by Audit Analyst | Dec 13, 2025 | Joint Venture
Impact on the Joint Venture Agreement The JV agreement typically includes insolvency as a triggering event. Insolvency may lead to automatic termination or trigger the right to buy out the insolvent partner. The agreement may specify a procedure for handling...
by Audit Analyst | Dec 12, 2025 | Joint Venture
Contractual Provision for Extension The JV agreement often includes a clause allowing for renewal or extension. Partners must review the original terms to confirm whether extension is automatic or requires consent. The agreement may specify the duration of extension...
by Audit Analyst | Dec 12, 2025 | Joint Venture
Review of Joint Venture Agreement The first step is to review the JV agreement for any exit, termination, or winding-up clauses. It may specify conditions such as mutual consent, project completion, or breach of terms. Clauses may outline the procedure, notice period,...
by Audit Analyst | Dec 12, 2025 | Joint Venture
Contractual Provisions in JV Agreement The right to withdraw is usually governed by clearly defined exit clauses in the JV agreement. The agreement may permit withdrawal through share transfer, buyout, or voluntary resignation. Conditions for withdrawal, such as...
