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Setting Up Business In West Bengal

Setting Up Business In West Bengal

Foreign Direct Investment

Foreign Investors can commence business in India as:

Indian Company	Foreign Company	Limited Liability Partnership
Joint Venture Wholly Owned Subsidiary JV/ Wholly Owned Subsidiary as i) Private Limited or ii) Public Limited Company, Companies Act, 2013	Liaison Office To represent the parent company in India Branch Office To undertake activities such as Export, Import, research, consultancy etc. Project Office Activities as per contract to execute project	LLP Subject to provisions of LLP Act, 2008 FDI permitted under automatic route in LLPs operating in sectors/ activities where 100% FDI is allowed, through the automatic route and there are no FDI-linked performance.

The Government of India has permitted foreign investment in almost all sectors except atomic energy & lottery business. FDI may be done through two routes in the permitted sectors, subject to sectoral caps.

Sectors Under Automatic Route with Conditions
https://dipp.gov.in

Sectors Under Government route (where prior approval of Government of India is required)
https://dipp.gov.in

100% FDI limit and entry in Industrial Parks, Textile, Leather, Mining (Coal& Lignite), Port, Construction Development, Renewable Energy, Food Product retailing etc.

Review of Foreign Direct Investment (FDI) policy for curbing opportunistic takeovers/acquisitions of Indian companies due to the current COVID-19 pandemic - https://dipp.gov.in

For more on FDI https://dipp.gov.in

General Steps to Set Up Business in West Bengal

Single Window for Business Facilitation

Silpa Sathi – Single Window Services can be accessed through an Online Single Window Portal www.silpasathi.in

Flow Chart Covering Broad Steps for Setting up An Unit in Medium and Large Scale

Easy Links

Sl. No.	Links	URL Path	View Website
1.	List of Pre - Establishment Approvals	https://www.silpasathi.in	Visit Website
2.	List of Pre - Operation Approvals	https://www.silpasathi.in	Visit Website
3.	Timelines	https://www.silpasathi.in	Visit Website
4.	Apply Online	https://eodb.silpasathi.in	Visit Website

Incorporating a Company in West Bengal

Incorporation of a Company
City: Kolkata, West Bengal

A company may be incorporated as a Private Limited Company/Public Limited Company as the case may be within the state of West Bengal by making an application in e-form SPICe through www.mca.gov.in (a portal of Ministry of Corporate Affairs, GoI). A Detailed Procedure and steps regarding registering/incorporating a Company within the state of West Bengal, is given below:

Registration Requirements Summary

Sl. No.	Procedure	Time to Complete	Cost to Complete	Web link	Remarks
1.	Obtain Digital Signature Certificate	1 day	INR 800 to INR 2000	-	From any MCA certified agent
2.	Reserve the Company name through RUN service (on-line) with the Central Registration Center.	2-3 days	INR 1000	http://www.mca.gov.in	For applying the name register with MCA first.
3.	Prepare form e-MOA (INC–33) and e-AOA (INC-34)*	1 day (to be filed with SPICe as linked form)	NIL	http://www.mca.gov.in/MinistryV2/companyformsdownload.html	Physical copies of MoA/AoA are required in case non-individual first subscribers are based outside India or individual foreign subscribers do not possess a valid business visa.
4.	Prepare e-form Simplified Performa for Incorporating Company Electronically (SPICe)*	Within 20 days from the date of approval of name	Depends on Paid-up share capital of proposed Company (Stamp duties are also calculated accordingly)	http://www.mca.gov.in/MinistryV2/companyformsdownload.html	Director Identification Number up to 3 directors, (if not already obtained) can be obtained through SPICe.
5.	Prepare e-form AGILE	1 day (to be filed with SPICe as linked form)	-	http://www.mca.gov.in/MinistryV2/companyformsdownload.html	To be filed for obtaining GSTIN / Establishment code as issued by EPFO / Employer Code as issued by ESIC through this e-form

Details and Documents required for registration

Obtaining DSC:

Obtaining Digital Signature Certificate
Name of Agency: any agency registered with MCA
Time: 1 to 2 days
Cost: Rs. 800 to Rs. 2000

To use the new electronic filing system under MCA, the applicant must obtain a Class-II Digital Signature Certificate. The digital signature certificate can be obtained from the agencies authorized by MCA. The applicant director of the Proposed Company can submit the prescribed application form along with proof of identity and address. Each agency has its own fee structure, ranging from INR 800 to INR 2000.

Required Documents

Identity Proof (any one)	Residence Proof (any one)
PAN Card	Driving License
Driving License	Passport
Passport	Voter ID Card
Voter ID Card	Telephone Bill
Aadhar Card	Ration Card
1 Passport size Photograph	Electricity Bill
-	Bank Statement
-	Aadhar Card

Reservation of Proposed Company Name

Name of Agency: Central Registration Center
Cost: Rs. 1,000.
Time: 2-3 days

Reservation of proposed Company name must done through RUN service of MCA. One can apply upto 2 names at a time for approval under the tab MCA Services- Company Services.

Preparation of e MoA and e AoA

Name of Agency: Central Registration Center.
Cost: Stamp Duty (auto calculated at the time of filling up SPICe )
Time: 1 day.

As per section 4 and 5 read with Schedule I of the Companies Act, 2013 MoA and AoA of the following companies must be filed in form e MoA (INC-33) and e MoA (INC-34) along with SPICe:

Individual subscribers are Indian nationals
Individual subscribers who are foreign nationals in case they valid DIN and DSC and also submit a proof of a valid business visa
Non-individual subscribers based in India.

Physical copies of MoA/AoA is required to be signed and attached in case non-individual first subscribes are based outside India or individual foreign subscribers do not possess a valid business visa.

Preparation of SPICe

Name of Agency: Central Registration Center
Cost: depends on Paid-up share capital of the Proposed Company
Time: 4 to 7 days

e-form SPICe (INC-32) deals with the single application for reservation of name, incorporation of a new company and/or application for allotment of DIN and/or application for PAN and TAN. This eForm is accompanied by supporting documents including details of Directors & subscribers, MoA and AoA etc. Once the eForm is processed and found complete, company would be registered and CIN would be allocated. Also DINs gets issued to the proposed Directors who do not have a valid DIN. Maximum three Directors are allowed for using this integrated form for filing application of allotment of DIN while incorporating a company. Also PAN and TAN would get issued to the Company.

Required Documents

Documents / Details for Company Incorporation

1.	Passport Size Photograph (1 for each promoter)
2.	Self attested copy of PAN Card
3.	Self attested copy of identity proof (Driving Licesce/Voter Id/ Passport)
4.	Self attested copy of residence proof (Bank Statement/ Mobile Bill/ Telephone Bill/ Electricity Bill – not older than two months)
5.	Educational Qualification of promoters
6.	Occupation of Promoters
7.	Mobile No. of Promoters
8.	E-mail Id of Promoters
9.	Their duration of stay at present address
10.	Place of birth of promoters
11.	Proposed Name of the Company
12.	Address for registered office of the Company
13.	E-mail Id and Mobile No. for Company
14.	Capital of the Company
15.	Shareholding Pattern of the Company
16.	Proof of registered office of the company (Rent Agreement, Lease Deed, etc.)
17.	No objection Certificate if the registered office is owned by any other person, not taken on lease by the company
18.	Utility Bill (Electricity Bill/ Gas Bill/ Mobile Bill/ Telephone Bill – not older than two months)

Preparation of AGILE

Name of Agency: Central Registration Center.

Time: 1 day

Any user who intends to incorporate company through SPICe eform can now also apply for GSTIN / Establishment code as issued by EPFO / Employer Code as issued by ESIC through this eform (INC-35). User is required to file application (SPICe) for incorporation of a company accompanying linked e-form AGILE “Application for Goods and services tax Identification number, employees state Insurance corporation registration pLus Employees provident fund organisation registration” along with eform SPICe MOA (INC-33) and eForm SPICe AOA (INC-34) to obtain GSTIN / Establishment Code / Employer Code.

This process will be applicable only for Companies incorporated by MCA through SPICe application. Other categories of applicants (Tax Deductor, Tax Collector, Casual Taxable person, ISD, etc.) for GSTIN shall follow the existing process of registration through Common Portal for GST registration Similarly, other type of establishment such as Factory shall follow the existing process of registration through Common Portal for EPFO & ESIC registration

Required Documents

Proof of Principal place of business	Proof of appointment of authorized signatory	Specimen Signature
Property Tax Receipt	Letter of Authorisation	Download the format of Specimen Signature from below mentioned link, Fill the requisite information as applicable, scan it and attach the same in AGILE form.
Municipal Khata Copy	Copy of Resolution passed by BoD/ Management Committee and Acceptance letter	http://www.mca.gov.in/Ministry/pdf/specimensignature _07042019.pdf
Electricity Bill	Voter ID Card	-
Rent/Lease Agreement	Telephone Bill	-
Consent letter	Ration Card	-
Rent Receipt with NOC (in case of no/expired agreement)	Electricity Bill	-
Legal ownership document	Bank Statement / Aadhar Card	-

Land Bank

Click https://silpasathi.in/home/page/land_bank
Interactive GIS Map on Industrial Clusters of West Bengal

Click http://eodb.indiagis.org/eodb/gmap/map.jsp
Procedure of Allotment of Land / Module at Different Industrial Parks of WBIDC

Click https://www.wbidc.com/industrial_parks/procedure_allotment.htm
Duties and Levies

Click https://silpasathi.in/home/page/duties_levies
Interested in setting up a micro, small or medium-size business in West Bengal

Click https://myenterprisewb.in

Important Contacts

Department	Website
Silpa Sathi Online Single Window for Business Facilitation for large industries Helpline No. - 1800-345-5562	https://silpasathi.in
Acceleration and Incubation Center	http://ibacwb.in
Online Single Window for Business Facilitation for MSME industries	https://myenterprisewb.in
Consumer Affairs Department	http://wbconsumers.gov.in
Directorate of Boilers	https://wbboilers.gov.in
Directorate of Commercial Tax	http://wbcomtax.nic.in
Directorate of Factories	https://wbfactoryonline.in
Directorate of MSME	http://msmewb.org
Directorate of Professional Tax	http://wbprofessiontax.gov.in
Directorate of Registration and Stamp Revenue	http://www.wbregistration.gov.in
Environment Dept (WBPCB)	http://www.wbpcb.gov.in
Fire & Emergency Services Department	http://www.wbfes.gov.in/wbfes
Forest Department	http://www.westbengalforest.gov.in
Health & Family Welfare Department	http://www.wbhealth.gov.in
Information Technology & Electronics Department	http://www.itewb.gov.in
Irrigation and Waterways Department	http://www.wbiwd.gov.in
Judicial Department	(Website is being developed)
Labour Department	https://wblabour.gov.in
Labour Commissionerate	https://www.wblc.gov.in
Land & Land Reforms Development	http://banglarbhumi.gov.in
Panchayats & Rural Development	http://www.wbprd.gov.in
Power & Non-Conventional Energy Sources Development	http://www.wbpower.nic.in
Public Works Development	https://www.pwdwb.in
Shops & Establishment-Kolkata	https://wbshopsonline.in
Shops & Establishment-For other Districts	https://edistrict.wb.gov.in
State Water Investigation Directorate	http://wbwridd.gov.in
Tourism Development	http://www.wbtourism.gov.in
Urban Development and Municipal Affairs Development	http://www.wbdma.gov.in
West Bengal Industrial Infrastructure Development Corporation	http://www.wbiidc.org
West Bengal Small Industries Development Corporation Limited	http://www.wbsidcl.com