Guideline for Support Agent

Indian International Economic Service (IIES) Agent

Agents play a vital role in the Indian International Economic Service (IIES). These agents are registered under the Department of Economic Affairs and their main task is to assist clients in obtaining a No Objection Certificate (NOC) for their foreign funds. The agent not only compiles and verifies all the client's documents but also performs the duty of presenting the client's fund details to the authorities and acting as the primary identifier for the process. Furthermore, the agent handles responsibilities like preparing the NOC application, filing, monitoring the approval, and guiding the client after the NOC is received. Without them, completing the NOC process becomes difficult and complicated.

IIES Agent Guidelines

Registration and Qualification

  1. The agent must be registered only with the Department of Economic Affairs.
  2. The agent's qualification and experience must be according to the standards set by the IIES.
  3. The agent's function is only to represent the client and verify documents in the NOC process.

Document Collection and Verification

  1. Collecting all necessary documents from the client, such as: bank statements, source of foreign funds, identity proof, tax returns, etc.
  2. Identifying any error or deficiency and ensuring its immediate correction.

NOC Application Preparation and Filing

  1. Filling the NOC application and submitting it to the IIES on time, attaching all documents.
  2. Preparing the application in accordance with the rules of the IIES and the Department of Economic Affairs.
  3. Ensuring that there are no errors in the application.

Client Representation

  1. Becoming the client's official representative in the application process.
  2. Providing clear and verified answers to the authorities' questions.
  3. Confirming the legitimacy and source of the client's funds.

Approval and Follow-up

  1. Monitoring every stage of the application.
  2. Immediately providing any required documents or corrections.
  3. Ensuring the NOC process is completed on time and without error.

Responsibilities After NOC Receipt

  1. Ensuring that all details in the NOC are correct and complete.
  2. Explaining the correct usage of the NOC and the further process to the client.

Other Responsibilities

  1. Providing financial and legal advice to the client.
  2. Informing the client about new guidelines and rules of the IIES..
  3. Acting as an intermediary between the client and the authorities.

Rules and Discipline

  1. Not presenting false or misleading documents.
  2. Ensuring complete attention to the security and confidentiality of the client's funds.
  3. Registration may be cancelled if a violation of rules or irregularity is found.

Conclusion

The agent is not just an assistant in the NOC process but also the client's guardian, representative, and guide. A correct and honest agent makes the NOC process smooth and fast.