Govt releases SOP for making changes to industrial entrepreneur memorandum

The Commerce and Industry Ministry introduced a standard operating procedure (SOP) for modifying or canceling Industrial Entrepreneur Memorandum (IEM). Entities exempt from licensing under the Industries (Development and Regulation) Act 1951 submit IEM for information on establishing industries. The Department for Promotion of Industry and Internal Trade (DPIIT) issues IEM Acknowledgement upon receipt. DPIIT, acknowledging numerous requests for amendments, cancellations, and duplicate issuances, outlined the SOP. For cancellation, firms must submit a request letter on company letterhead with reasons and the original IEM copy. Approval by the relevant AS/JS is required. A similar process applies to amendments and duplicate issuances.