joint venture company query -
Querist :
Anonymous
(Querist) 01 August 2011
This query is : Resolved
One state government corporation and a limited company wants to form a joint venture company .
1. What are different stages/steps to form a joint venture company?
2. Which agreements will have to executed ?
3. Whether this company would be a privatelimited company or a limited company?
4. What is difference between Joint venture agreement and shareholder's agreement?
pls guide
Heaven 2011
(Expert) 10 August 2011
Dear It requires a broad discussion. Soon i shall submit an article for this...any way till then you may try this...at first a name is to be selected and form 1A is to be filed with Roc. Once the name is approved the Article and Memorandum is to be prepared and be sure that almost all the relevant clauses of the Article like appointment of directors, secretary, loan transaction, convening the meetings,share transfer, winding up , secrecy etc has been incorporated in the JV agreement. The nature of the company depends upon the requirements (generally a private company). There is no difference between the JV and shareholder agreement. By the JV agreement the parties to the agreement agrees to respective share holding into the new born company.
