Tripartite MOU signed to develop WB MSMEs | SupportBiz


Tripartite MOU signed to develop WB MSMEs

In order to work collectively for the growth and development of the MSME sector in West Bengal, the Institute of Company Secretaries of India (ICSI), Department of Micro & Small Scale Enterprises and Textile, Government of West Bengal (MSSET) and Associated Chambers of Commerce and Industry (ASSOCHAM) have entered into a tripartite Memorandum of Understanding (TRI-MOU), reports a PIB release.

The MOU was exchanged at ‘Synergy MSME 2013,’ a Mega Conclave of MSME’s organized by the Government of West Bengal, in association with ICSI, from September 16-21, 2013 at Milan Mela Ground, Kolkata.

ICSI will give guidance to participants on incorporation and management of MSMEs under the Companies Act and the LLP Act. The institute will provide one-to-one advice on finance, law and Corporate Governance on the theme ‘How to incorporate a company and comply with legal requirements’ to the visiting entrepreneurs at the Conclave. In addition, an Info Kiosk for general knowledge sharing and a help desk for info dissemination about ICSI and its role in Corporate Governance have also been set up. ICSI in association with ASSOCHAM, will also organize plenary session in the Conclave on Company Law and Corporate Governance.

ICSI and ASSOCHAM will support MSSET in organizing seminars, trainings by group or cluster of MSMEs and will develop a simple, easy to understand summary of Company Law to be put on the MSSET website. ICSI will also develop a check list of statutory compliances required by the MSMEs.