How often is the IEC required to be updated?

An IEC once issued needs to be updated within 90 days in the case of the following:

• If there is any change in the
  • Name of the IEC holder;
  • Address of Registered / Branch office / Factory address;
  • Constitution viz. Change in Directors, conversion from Proprietorship concern to Firm, Firm to Company, Pvt Ltd to Public Ltd, change in Bank details, etc.
  • PAN Details of the IEC holder.
• Any change is required by the Government for moving towards an Integrated One Number Regime;

Upon the change being intimated beyond a period of 90 days, the changes shall be registered by the RLA upon payment of a penalty;