by Audit Analyst | Dec 12, 2025 | Joint Venture
Object Clause in Incorporation Documents The Memorandum of Association (MoA) must include all intended business activities. The MoA’s “object clause” should be drafted broadly to cover multiple sectors or activities. If a new business activity is not listed, the MoA...
by Audit Analyst | Dec 12, 2025 | Joint Venture
Nationwide Legal Framework Joint ventures in India are governed by central laws such as the Indian Contract Act, Companies Act, FEMA, and relevant taxation laws. These laws apply uniformly across all Indian states. Any individual or business entity can enter into a JV...
by Audit Analyst | Dec 12, 2025 | Joint Venture
Contractual Basis of Joint Ventures Joint ventures in India are primarily governed by the Indian Contract Act, 1872. The JV agreement acts as a binding contract between the parties. The agreement outlines the rights, duties, and obligations of each partner. It must...
by Audit Analyst | Dec 12, 2025 | Joint Venture
Legal Eligibility of Government Companies Government companies are legally allowed to enter into joint ventures. They may form JVs with private entities, foreign investors, or other public sector undertakings. The decision must align with the objectives stated in the...
by Audit Analyst | Dec 12, 2025 | Joint Venture
Multi-Party Participation A joint venture can include three or more entities as co-venturers. Each party brings specific resources, expertise, or capital to the venture. All participants jointly contribute and share profits, losses, and control. The JV agreement...
