convergence date; (E) adjustments relating to investments in subsidiaries, joint ventures and associates recorded at fair value as deemed cost in accordance with paragraph
section shall apply to any agreement entered into by way of joint ventures if such agreement increases efficiency in production, supply, distribution, storage, acquisition
Foreign Company to the Joint Venture
company in India; they were employed by the joint venture; they continued to
be on the rolls ... paid by the Joint Venture Company in India and consequently the
said Joint Venture was not an "assessee-in-default" under Section
Dictionary (7th Edition, page 843) defines `joint venture' thus :
"Joint Venture : A business undertaking by two or more persons engaged
in a single ... venture, a service provider. The land owner himself
is responsible for the construction as a co-adventurer in the venture. But
such true joint ventures
Managing Director of the said joint
venture.
17. It appears that the joint venture company, Respondent no.5, was
incorporated on 14th November ... capital of 50
lakhs in the joint venture company. Both these requests of the joint
venture company were accepted by the Government of India vide
contention that NHL is
a joint venture the High Court has observed that a joint
venture is a one-time grouping of two or more ... company, such as NHL, constituted as a joint venture,
wherein the constituents in the joint venture have a
substantial stake in the success
subsidiary company of the company having such influence and includes a joint venture company. [[Explanation.— For the purposes of this clause, “significant influence” means control
distribution and licensing agreements; (x) management and consultancy agreements; (xi) joint venture agreements; (xii) shareholders agreements; (xiii) subscription and investment agreements pertaining to the services
Central Coalfieds Limited vs Sll-Sml (Joint Venture Consortium) . on 17 August, 2016
Author: Madan B. Lokur
Bench: Madan B. Lokur
REPORTABLE
IN THE SUPREME ... Joint Venture Consortium) &
Ors. ….Respondents
WITH
CIVIL APPEAL NO. 8005 OF 2016
PLR-RPL – SMASL (JV) .…Appellant
Versus
SLL – SML (Joint Venture Consortium
joint venture
basis. Its decision in this regard was that medium sized
oil fields will be offered for development under the joint
venture with ... contract for the Panna Mukta
oil fields to the joint venture led by RIL Enron.
The main ground of attack before the High Court