1 Introduction

The Indian International Economic Service (IIES) issues a No Objection Certificate (NOC) to ensure the legitimacy of funds originating from foreign sources and to confirm regulatory compliance. These guidelines are designed for both IIES officials and NOC applicants to ensure the process is simple, transparent, and efficient..

2. Objective

The Indian International Economic Service (IIES) issues a No Objection Certificate (NOC) to ensure the legitimacy of funds originating from foreign sources and to confirm regulatory compliance. These guidelines are designed for both IIES officials and NOC applicants to ensure the process is simple, transparent, and efficient..

3. Guidelines for NOC Applicants

3.1 Eligibility

  • To standardize the process of issuing the NOC.
  • The applicant must be the lawful owner of the funds.
  • It is mandatory to submit all relevant financial documents and proof of payment.

3.2 Required Documents

  • Application Form (in the format prescribed by IIES).
  • Proof of Source of Funds (e.g., bank statement, Letter of Authority, etc.).
  • Payment Booklet from the Indian International Finance Commission.
  • Identity proof and address proof.
  • Copy of previous NOC/No Objection Certificate (if applicable).

3.3 Application Process

  • Online/Offline Application: The applicant must submit the NOC application on the IIES portal.
  • Document Submission: Upload all necessary documents or submit them at the office.
  • Fee Payment: Pay the prescribed NOC fee.
  • Confirmation of Process: The applicant will receive a receipt after successful submission.

3.4 Processing Time

  • Generally, the review and issuance of an NOC application takes 15-30 working days.
  • If the NOC application is a group application, the process may be longer, taking up to 1 2 months.
  • Fee This time may increase in complex cases.

3.5 Applicant's Responsibility

  • Provide accurate and complete documents.
  • Concealing or providing false information about any financial details is punishable.
  • Submit additional documents if requested by the officials.

4. Guidelines for IIES Officials

4.1 Application Review

  • Ensure the completeness of the application and the truthfulness of the documents.
  • Cross-check with relevant banks or financial institutions as necessary.
  • Pay special attention to funds received from unauthorized or suspicious sources.

4.2 NOC Issuance Procedure

  • Issue the NOC only if all documents are found to be correct.
  • The NOC must include the clear amount, validity period, and applicant's details
  • Payment Booklet from the Indian International Finance Commission.
  • Safeguard the receipt and record of all NOC issuances in both digital and physical forms.

4.3 Handling Group Applications

  • If the NOC is applied for as a group, the review process may be longer.
  • Officials may allow up to 1-2 months in such cases.
  • It is necessary to complete the verification of the legitimacy and documents of every member in a group application.