TABLE OF CONTENTS TABLE OF CASES; lNTRODUCTION; • Research Methodology; 2. BASIC CONCEPTS; • Nature and reasons of joint venture; • Why a joint venture? • Legal Characteristics of joint venture; • Types of joint venture; • Advantages of joint venture; • Problems of joint venture; 3. JOINT VENTURE IN INDIA; • Joint Venture between Indian Parties; a) Jointly Controlled Operations; b) Jointly Controlled Assets; c) Jointly Controlled Entities; c(i) Joint venture as Company; c(i)(a) Taxation of Company; c(ii) Joint venture as Partnership; c(ii)(a) Taxation of Partnership; c(iii) Joint venture as Association of Persons; c(iii)(a) Taxation of Association of Persons; Joint Venture between Indian and Foreign Parties; a) Foreign Direct Investment by Investors other than Non-Resident Indians; a(i) Automatic Route; b(ii) Non Automatic route; b) Investment by NRIs; c) Investment in Export Trading Houses; • Tax Implications of Foreign Companies; 4. INDIAN JOINT VENTURE ABROAD; • Direct Investment outside India; a) Automatic Route; b) Non-Automatic Route; • Choice of form of Organization; • Tax Concessions and Incentives; • Double Taxation Avoidance Agreements; 5. TERMINATION AND DISSOLUTION OF JOINT VENTURE; • Ways of Terminating the Joint Venture; (a) Dissolution; (b) Buy Out; b(i) Book Value; b(ii) Capitalized Earnings; b(iii) Periodically Adjusted Price; b(iv) Appraisal b(v) Buy-Sell Option; • Post Termination Considerations; 6. CONCLUSION; BIBLIOGRAPHY; ANNEXURES; • Annexure on FDI under Automatic Route; • List of Joint Ventures approved during October, 2004; • List of Joint Ventures approved during September, 2004; • List of Joint Ventures approved during June, 2004; • Double Taxation Avoidance Agreements; . Sample Clause of Arbitration in Joint Venture Agreement;