: DPIIT makes IEM filing paperless #FinanceIndia #StockMarketNEWS DPIIT makes IEM filing paperless New Delhi, June 5 (KNN) With a view to promote ease of doing business, the Department for Promotion

@StockMarketNEWS Sun 07 Jun, 2020

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DPIIT makes IEM filing paperless #FinanceIndia #StockMarketNEWS
DPIIT makes IEM filing paperless New Delhi, June 5 (KNN) With a view to promote ease of doing business, the Department for Promotion of Industry and Internal trade (DPIIT) has made the whole process of filing applications and issuance of acknowledgement certificate for Industrial Entrepreneur Memorandum (IEM) paperless.

All applications shall be processed in paperless mode and Acknowledgment Certificates with QR Code shall be issued electronically. The applicants shall also be notified vide email and SMS instantaneously upon approval, said Commerce and Industry ministry, on Thursday.

Concerned state government shall also be notified by email simultaneously, it said, adding no application for IEM – Part A, IEM – Part B and Amendment to IEM already issued shall be filed physically now and no physical certificates will be issued.

So far, applications for IEM/IL under Industries (Development and Regulation) Act, 1951 were accepted through the IEM portal.

Through this portal, applications for acknowledgement of IEM – Part A (for establishment of business) and IEM – Part B (upon commencement of commercial production) were filed online by entrepreneurs of prescribed industrial undertakings, while acknowledgement certificates were issued physically on paper and scanned copy was uploaded on the portal.

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