An IEC holder has to ensure that details in its IEC are updated electronically every year, during April – June period. in cases where there are no changes in IEC details the same also needs to be confirmed online.
An IEC shall be de-activated, if it is not updated within the prescribed time. An IEC so de-activated may be activated, on its successful updation this would however be without prejudice to any other action taken for violation of any other provisions of the FTP.
An IEC may be also be flagged for scrutiny. IEC holder(s) are required to ensure that any risks flagged by the system is timely addressed; failing which the IEC shall be deactivated.
Also read: IEC holder has to ensure that details in its IEC are updated
Accordingly, IEC updation timeline is 30.06.2024
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