Industrial Entrepreneur Memorandum (IEM)
Industrial Entrepreneurs Memorandum (IEM) is an application for acknowledgement of the industrial unit. The large scale industry which is outside the purview of the industrial licensing provisions needs to obtain the Industrial Entrepreneurs Memorandum IEM.
For setting up industrial units under Industries (Development and Regulation) Act, 1951of Government of India it is necessary to obtain an Industrial license or Letter of Intent. Industrial undertakings exempted from the requirements of this Industrial Licensing are required to file information relating to setting up of industries is called as IEM (Industrial Entrepreneur Memorandum).
IEM Part A – For Establishment of Business
Industrial undertakings exempt from the industrial license, including existing units undertaking substantial expansion, are needed to file an Industrial Entrepreneur Memorandum (IEM) in Part ‘A’ (as per prescribed format) with the Department of Industrial Policy and Promotion, Government of India, and obtain an acknowledgement.
IEM Part B – For Commencement of commercial production
All Industrial undertakings which had filed IEM Part A are required to report the commencement of commercial production and this is also filed by way of filing information as per prescribed format of ‘Part B’ of the IEM. Part B need to be filed after the commencement of commercial production by the establishment.
Industries Required IEM
All industrial undertakings exempted from the requirements of industrial licensing under Industries (Development and Regulation) Act, 1951 need to file IEM.
- The large scale industry has invested more than Rs. 10 crores in the manufacturing sector and more than Rs. 5 crores in the service sector have to apply for Industrial Entrepreneurs Memorandum means IEM.
- For manufacture, a product which is not exclusively reserved SSI sector, the unit has to apply for Industrial Entrepreneurs Memorandum
Note: The large scale industry includes the Existing Units, New undertaking (NU) and New Article (NA) also need to file IEM.
Purpose of IEM
The promoter can file Industrial Entrepreneur Memorandum in the following categories:
- To set up a new industrial undertaking
- To manufacture a new article
- To carry on the business of existing SSI units after graduating into large scale industry
- To effect substantial expansion of the industrial undertaking
How S.K. Agrawal & Co. Helps in IEM License?
With S.K. Agrawal & Co., you can helps in IEM License seamlessly. You can apply for IEM License in just 4 simple steps :
Step 1: Confirmation Mail Acceptance of our Proposal
Send confirmation mail at our email id regarding acceptance of our Proposal for IEM License. You can request a callback or directly call to our expert on phone number provided at our website. Our experts will contact you and clear all your queries.
Step 2: Send the Documents on our Email Id
Send below-mentioned documents on our email Id for IEM License your company:
- Duly filled Checklist.
- MOA
- AOA
- GSTIN
- Any Other Documents/Information
The IEM License from S.K. Agrawal & Co. is completely online and thus, you can save time and money as you need not have to visit our office. If you want to visit to our office you are most welcome.
Step 3: Document Verification by our Experts Team
Our experts team will verify the documents submitted by you.
Step 4: Our Experts Team will File Forms/Documents to the Concerned Registry/Authority.
After the Submission of Documents/Information to the concerned Registry/Authority, the Registry/Authority will verify the forms submitted by our expert team.
Service Area
We provide strategic and qualitative advisory services to all our clients from domestic to international organizations, small, medium and large sized enterprises, assisting them with their incorporation and quality management services so they can establish their business successfully globally. To help them deal with their tax issues, financial and legal requirements we provide all support for post incorporation services, so they are able to run their business seamlessly. We are based at New Delhi and Faridabad, but our wings are spread to serve clients across the globe. Customer Satisfaction, Quality of Service and our Turnaround time are the drivers of our enthusiasm and success. We are continuously serving our client at Faridabad, Delhi, Gurgaon (Gurugram), Noida (Gautam Budh Nagar), Sonipat, Panipat, Palwal, Jind, Karnal, Meerut, Kolkata, Mumbai (Bombay), Pune, Bangalore, Nasik, Aurangabad, Nagpur, Ludhiana, Amritsar, Mohali, Hyderabad, Kanpur, Agra ,Rudrapur, Haridwar, Jamshedpur, and many other Industrial Areas.