Joint Ventures services In India
The Companies Act 2013 defines the expression ‘joint venture’ as a joint business arrangement through which the parties that have joint control of the business arrangement retain and exercise their rights upon the net assets of the business arrangement. To put it succinctly, in a joint venture two or more parties co-operate and enter into an arrangement in order to run a business or to achieve a commercial objective. Such arrangements are formed across sectors and are more prevalent in those which involve technology, capital investment, or technical skills.