Latest News | Commerce Ministry Releases SOP for Making Changes or Cancellation of Industrial Entrepreneur Memorandum

New Delhi, Jan 2 (PTI) The commerce and industry ministry on Tuesday came out with a standard operating procedure (SOP) for making changes or cancellation of IEM (Industrial Entrepreneur Memorandum).

Industrial undertakings exempted from the requirements of licensing under The Industries (Development and Regulation) Act 1951 are required to file information relating to setting up of industries, which is known as IEM (Industrial Entrepreneur Memorandum).

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Confirmation for receipt of such information by the department for promotion of industry and internal trade (DPIIT) is IEM Acknowledgement.

The DPIIT in an office memorandum said that it was receiving several applications from companies requesting for amendments, cancellation and issuance of duplicate IEM.

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"in this regard, the requests have been considered and it is decided that the... standard operating procedure will be adopted" for these purposes, the memorandum said.

For cancellation of IEM acknowledgements, it said that the concerned firm has to give a request letter on company's letter head signed by authorised officer giving specific reasons for cancellation, along with the copy of original IEM.

"Cancellation letter will be issued after approval of concerned AS (additional secretary)/JS (joint secretary)," it said.

A similar kind of exercise will have to be followed for making amendments and issuance of duplicate IEM.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)