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IEM (Corporate Law)

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This query is : Resolved



( Author )
09 June 2009

Dear sir,

so many authors asked questions regarding IEM But experts did not answer
why the experts do not know about IEM or some other problem?
the following questions I mentioned here what asked in previous day various authors.
I want to answer for these questions please help me.

1. Can you please explain the term IEM (Industrial Entrepreneur Memorandum).

To whom the registration under IEM is binding & what is the procedure for making the said application?

Dear sir,
2. What is IEM registration & procedure for obtaining the same.What will be approx fee
& time taken to get the same.

3.
Dear Sir,

Tell me about IEM (Industrial Enterpreneur Memorandum

Is it mandatory for all new units including SEZ units,

4.
Dear all,

My question is one company is holding Industrial business since 5 years. But this Company has not obtain permission Certificate from Industrial authority regarding Industrial Entrepreneurs Memorandum. Know what is the procedure to file IEM form?

It is very urgent..........



aditi daga

( Expert )
10 June 2009

Industrial undertakings exempt from industrial license, including existing units undertaking substantial expansion, are required to file an Industrial Entrepreneur Memorandum (IEM) in Part 'A’ (as per prescribed format) with the Secretariat of Industrial Assistance (SIA), Depar1ment of Industrial Policy and Promotion, Government of India, and obtain an acknowledgement. No further approval is required. Immediately after commencement of commercial production, Part B of the IEM has to be filled in the prescribed format. The facility for amendment of existing IEMs has also been introduced.

All industrial undertakings are exempt from obtaining an industrial Lincece to manufacture, except for
(i) industries reserved for the Public Sector
(ii) industries retained under compulsory licensing
(iii) items of manufacture reserved for the small scale sector and
(iv) if the proposal attracts locational restriction


aditi daga

( Expert )
10 June 2009

Procedure for filing Industrial Entrepreneurs Memorandum (lEM):

(a) The IEM form is available at all outlets dealing in Government publications, Indian Embassies, the Entrepreneurial Assistance Unit (EAU) of the Secretariat for Industrial Assistance (SIA), Department of Industrial Policy and Promotion, Udyog Bhavan, New Delhi-110011, and can also be downloaded from the web site of the DIPP (http://dipp.nic.in).

(b). The Memorandum (IEM) after filling in can be submitted to the EAU of the SIA in person or by post. The IEM should be submitted along with a crossed demand draft of Rs.1000/- drawn in favour of "The Pay & Accounts Officer, Department of Industrial Policy & Promotion, Ministry of Commerce & Industry", payable at New Delhi up to 10 items proposed to be manufactured in the same unit. For more than 10 items, an additional fee of Rs.250 up to 10 additional items needs to be paid through crossed demand draft.

(c). A computer acknowledgement containing the SIA Registration Number (for future reference) is issued across the counter immediately, if delivered in person, or sent by post, if received through post. No further approval from SIA is required.

(d). All Industrial undertakings also need to file information in Part 'B' of the IEM at the time of commencement of commercial production to EAU in SIA. No fee is required for filing part B. All industrial undertakings whether exempt or not from compulsory industrial licensing, are statutorily required to submit a monthly production return in the proforma at the following address every month, so as to reach the Industrial Statistics Unit (ISU) by the 10th of the following month positively(no fee is to be paid)


GIRISH KUMAR

( Author )
10 June 2009

Dear sir,

Thanks for your reply

with regards
Girish Marpalli


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