Joint Ventures

Shyam Lal Naik (Querist) 25 July 2009 This query is : Resolved
Joint Ventures can be in Corporate form(when the joint venture is registered as a company) or can be in non-corporate form(by way of a written Momerandum of Understanding)

My question is, whether the 2nd type of joint ventures are essentially in the nature of Partnership. Whether, the provisions of Partnership Act shall apply to such joint ventures, subject however to, the MOU.

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Daksh (Expert) 23 March 2010
Dear Mr.Shyam Lal Naik,

There is no bar as such and it is upon the parties to the Joint Venture to fix and adhere to the modalities in this regard

Daksh

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