atul
10 November 2011 at 19:34
Sir, we are a construction co. engaged in road construction work.
1) We wish to form a Joint Venture Firm with another firm, but the registrar of firms says that the two firms cannot form a Joint Venture Firm. We had applied for a Joint Venture Firm with the name of PMA Construction Co. (JV), but the ROF says that PMA Const. Co. is already registered and therefore the JV Firm cannot be registered with the same name as the both firms are engaged in the same nature of business. Our argument is that we are forming a JV firm and added the '(JV)' word to the name of new firm. But they are not convinced. We have made the agreement with the name of "PMA Construction Co. (JV)" and issued a tender form to participate.
2) secondly, can we give a title to the JV firm as "Agreement of Joint Venture" instead of "Deed of Partnership" as the new firm is joint venture for a specific work and not a regular firm.
3) The ROF says that the Joint Venture cannot be registered with office of the ROF. The ROF also added that the two firms cannot form a new firm with any name. The new firm should be formed by the partners only and not by the firms. Is it true ?
Kindly guide us on this. Thanks.
atul
11 July 2011 at 15:39
Sir, we have a joint property in our native place. This house property was belongs to our Grandfather named Shri Balaji who is no more now. He was having 5 Sons named Someshwar, Manohar, Sharad, Arun & Bhaskar & 1 Daughter named Mrs. Usha among which Mr. Someshwar is no more now. Late Mr. Someshwar is having 3 sons Mr. Anil, Atul & Kishor and 1 daughter Mrs.Bharti.
Mr. Sharad, Arun, Bhaskar, Anil, Atul, Kishor and Mrs. Usha & Bharti wants to sell the said house property. But Mr. Manohar who is residing in the said property since 30 years do no wish to sell the said property.
In this situation can the said house property sell out legally. What is the way for the persons except Mr. Manohar to sell out the said property ? please guide us.
Joint venture agreement
Sir, we are a construction co. engaged in road construction work.
1) We wish to form a Joint Venture Firm with another firm, but the registrar of firms says that the two firms cannot form a Joint Venture Firm. We had applied for a Joint Venture Firm with the name of PMA Construction Co. (JV), but the ROF says that PMA Const. Co. is already registered and therefore the JV Firm cannot be registered with the same name as the both firms are engaged in the same nature of business. Our argument is that we are forming a JV firm and added the '(JV)' word to the name of new firm. But they are not convinced. We have made the agreement with the name of "PMA Construction Co. (JV)" and issued a tender form to participate.
2) secondly, can we give a title to the JV firm as "Agreement of Joint Venture" instead of "Deed of Partnership" as the new firm is joint venture for a specific work and not a regular firm.
3) The ROF says that the Joint Venture cannot be registered with office of the ROF. The ROF also added that the two firms cannot form a new firm with any name. The new firm should be formed by the partners only and not by the firms. Is it true ?
Kindly guide us on this. Thanks.