Business Formation Law Firm in India
The firm specializes in advising foreign companies on their joint ventures with their Indian partners. The services cover drafting, vetting and finalizing the Joint Venture Agreement or Shareholding Agreements prior to the commencement of the incorporation of the joint venture company.
The firm’s senior partners have more than thirty years of experience in joint ventures and are ably assisted by experienced associates.
Setting up a Joint Venture Company in India
A foreign company can choose to opt for the joint venture route for its business in India, if it becomes necessary due to compulsion of law for taking on an Indian partner. The Foreign Direct Investment Policy of the Government of India does not permit a foreign company to hold the full one hundred percent of the equity of an Indian company in certain business sectors. In such cases, the foreign company must identity and finalize an Indian company or an individual who will partner with the foreign company and hold shares in the joint venture company, to the extent prescribed.
A foreign company can also choose to enter into a joint venture with an Indian company, even if the law permits one hundred per cent foreign shareholding, if the foreign company decides to utilize the already established distribution or marketing network of the Indian partner.
We assist foreign companies in drafting and finalizing the Joint Venture Agreement or Shareholding Agreements prior to the commencement of the incorporation of the joint venture company.
