Govt issues SOP to make changes, cancel industrial entrepreneur memorandum

The government on Tuesday issued a standard operating procedure (SOP) to make changes or cancel Industrial Entrepreneur Memorandum (IEM). Industrial undertakings exempt from the requirements of licensing under The Industries (Development and Regulation) Act 1951 are required to file information related to setting up of industries, which is known as IEM. Confirmation for receipt of such information by the Department for Promotion of Industry and Internal Trade (DPIIT) is known as ‘IEM Acknowledgement’.

In an office memorandum, the DPIIT said that for cancellation of IEM acknowledgements, the firm concerned 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.

The department said that it was receiving several applications from companies requesting for amendments, cancellation and issuance of duplicate IEM.

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

“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.