by Audit Analyst | Dec 13, 2025 | Joint Venture
Legal Capacity to Hire A JV registered as a legal entity (company, LLP, or partnership) has full legal capacity to hire independent contractors. It can enter into service agreements, consultancy contracts, or outsourcing arrangements. The hiring must align with the...
by Audit Analyst | Dec 13, 2025 | Joint Venture
Capital Contribution Each partner is obligated to contribute capital as agreed in the JV agreement. Contributions may be in the form of cash, assets, technology, or intellectual property. Payment schedules and methods must be strictly followed. Non-contribution or...
by Audit Analyst | Dec 13, 2025 | Joint Venture
Incorporation and Business Registration Certificate of Incorporation from the Registrar of Companies (RoC) under the Companies Act, 2013. Permanent Account Number (PAN) and Tax Deduction and Collection Account Number (TAN) from the Income Tax Department. Goods and...
by Audit Analyst | Dec 13, 2025 | Joint Venture
Equity Ownership and Voting Rights Control is commonly based on the proportion of equity held by each partner. Shareholding percentage determines voting power on key resolutions. Majority shareholders typically have greater influence over business direction. Equal...
by Audit Analyst | Dec 13, 2025 | Joint Venture
Modes of Fund Repatriation Foreign JV partners can repatriate funds through various legal methods. Common modes include dividends, royalties, technical service fees, management fees, and capital disinvestment. All remittances must comply with the Foreign Exchange...
