Between 2019 and 2024, a startling 2,277 enterprises, including 39 listed corporations, relocated their registered offices from mamata Banerjee's West bengal to other states, according to a rajya sabha official response from the Ministry of corporate Affairs. After the Union Ministry of corporate Affairs responded to a question raised by Samik Bhattacharya, a new member of parliament for the Bharatiya Janata Party, the startling figures were made public on december 3.
Bhattacharya had also asked whether any attempts were being made to draw in and keep firms, and if the All india Trinamool congress (AITC or TMC) administration had identified the reasons for these companies' relocations. The answer was, among other things, "administrative, operational, convenient, cost-effective, and for better control."
Bhattacharya had questioned, “Will the minister of corporate Affairs be pleased to state (a) the total number of companies that have shifted their registered office from West bengal to other states of the country from 2019 to 2024, (b) the number of such companies listed on stock exchanges, and sectors where they primarily belong to, (c) the reasons identified by government for companies shifting their headquarters from West bengal to other States, including any challenges or disadvantages cited by these companies in operating from West bengal and (d) the steps being taken by government to address these issues and to retain and attract businesses to West Bengal?”
“2227 number of companies have shifted their registered office from the State of West bengal to other States during the period from 2019 to 2024. (b) Out of the above 2227 companies, 39 companies are listed companies. These companies are engaged in activities of manufacturing, financing, commission agents, trading etc. (c) & (d) Companies are permitted to shift their registered office from one state to another, in accordance with the provisions of Section 13(4) of the Companies Act, 2013 read with Rule 30 of the Companies (Incorporation) Rules, 2014. The reason for shifting their registered office provided by the companies in their applications are administrative, operational, convenience, cost-effectiveness, for better control etc,” the ministry answered.
Notably, no mention was made of the government's plans to stop such business moves in the future. In the meantime, the TMC chief was assaulted by amit Malviya, the head of the BJP's National Information & technology Department and co-incharge of West Bengal. He cited the statistics and said, "Here is mamata Banerjee's report card on corporate exodus from West bengal and what a massive disaster she is, as a chief minister."
Bhattacharya had also asked whether any attempts were being made to draw in and keep firms, and if the All india Trinamool congress (AITC or TMC) administration had identified the reasons for these companies' relocations. The answer was, among other things, "administrative, operational, convenient, cost-effective, and for better control."
Bhattacharya had questioned, “Will the minister of corporate Affairs be pleased to state (a) the total number of companies that have shifted their registered office from West bengal to other states of the country from 2019 to 2024, (b) the number of such companies listed on stock exchanges, and sectors where they primarily belong to, (c) the reasons identified by government for companies shifting their headquarters from West bengal to other States, including any challenges or disadvantages cited by these companies in operating from West bengal and (d) the steps being taken by government to address these issues and to retain and attract businesses to West Bengal?”
“2227 number of companies have shifted their registered office from the State of West bengal to other States during the period from 2019 to 2024. (b) Out of the above 2227 companies, 39 companies are listed companies. These companies are engaged in activities of manufacturing, financing, commission agents, trading etc. (c) & (d) Companies are permitted to shift their registered office from one state to another, in accordance with the provisions of Section 13(4) of the Companies Act, 2013 read with Rule 30 of the Companies (Incorporation) Rules, 2014. The reason for shifting their registered office provided by the companies in their applications are administrative, operational, convenience, cost-effectiveness, for better control etc,” the ministry answered.
Notably, no mention was made of the government's plans to stop such business moves in the future. In the meantime, the TMC chief was assaulted by amit Malviya, the head of the BJP's National Information & technology Department and co-incharge of West Bengal. He cited the statistics and said, "Here is mamata Banerjee's report card on corporate exodus from West bengal and what a massive disaster she is, as a chief minister."
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