AFB A Joint Venture is governed by ------- a) Indian Contract Act b) Company Act c) Partnership

AFB A Joint Venture is governed by ------- a) Indian Contract Act b) Company Act c) Partnership Act. d) None of the above

 

Joint Ventures in IndiaJoint Venture is a common form of doing business in India. Most foreign direct investments are made in a Joint Venture business. A Joint Venture as the term suggests, is a business agreement in which two or more partners agree to contribute and co-operate towards investments in running a business with an intention of achieving the commercial objective. Joint Ventures may be equity based or contractual. It could involve entirely new business or expand already existing businessUnder the Indian Law a Joint Venture is governed primarily by the Indian Contract Act. However as a Joint Venture involves several aspects other corporate laws are also applicable

 

Sir pls aap ans v post kiya kro..bhut confusion h yaha p