Why Industrial Entrepreneur Memorandum is required?

• Statistical Purposes:The IEM is primarily required for statistical purposes to help the government track industrial activities and ensure compliance.
• Exemption from Industrial Licensing: The IEM is required for industrial undertakings exempt from licensing under the IDR Act, including large industries with significant investments and turnovers.
• Transparency and Ease of Doing Business: The IEM filing process is fully online through the DPIIT G2B portal to enhance transparency and ease of doing business for entrepreneurs.
• Post-Facto Verification:The IEM serves as a post-facto check for the government to verify if an industrial license is required and ensure compliance.
• Compliance with Regulations: The IEM Acknowledgment does not grant clearance, and compliance with other laws is still required.

Benefits of Industrial Entrepreneur Memorandum:

• Compliance Tracking: The IEM filing helps the government track large industrial undertakings exempt from licensing for better compliance oversight.
• Reduced Duplication: The IEM allows for amending filings to reduce duplication between investment intent and production commencement.
• Streamlined Process: The online IEM filing through the DPIIT G2B portal streamlines the process, enhancing efficiency and ease of doing business.
• Faster Approvals: The online IEM filing and scrutiny process by the DPIIT enables faster acknowledgment and approvals compared to the previous manual system.
• Flexibility:The ability to amend IEMs provides flexibility for entrepreneurs to update their investment and production plans as business needs evolve.

Required documents:

• Certificate of Incorporation
• Memorandum of Association (MOA)
• Articles of Association
• IEM Part A Acknowledgement