Partnership firms in JV

sardul singh (Querist) 05 June 2009 This query is : Resolved
Can two partnership firms join together to form a Joint Venture? Is there any legal impediment?

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A V Vishal (Expert) 05 June 2009
No since they are not juridical entities and the entity of partnership is not recognised in law.

Y V Vishweshwar Rao (Expert) 05 June 2009
with the mutual consent of all the partners of firm , they can do JV

G. ARAVINTHAN (Expert) 06 June 2009
merging is based on the articles of association and it needs some procedures. it has no way connection with partners

Manish Singh (Expert) 06 June 2009
if you are just going for some project without creation of any company or so, then there sahll be no difficulty in forming a joint venture between the firms.

But if you wish to create a new business entity, then firms can not get into that kind of transaction.

B.B.R.Goud. (Expert) 06 June 2009
Yes. The two partnership firms can join together, with mutual consent, to form a Joint Venture, if at all they are interested and competent.