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Trade License Registration
What is Trade License Registration?
Trade license is the way to regulate specific businesses from a particular locality. It is regulated to ensure that the citizen is not adversely affected by Health Hazard & nuisances by the improper carrying of a trade.
The trade license is a means to ensure that the manner and locality in which the business is being carried on is according to the relevant rules, standards and safety guidelines.
The provision of trade license is laid down by the State government to monitor and regulate the trade within a city. It is issued by the municipal corporation of the place where the business is located.
A trade license is permission to carry on a specific trade or business at the premises for which it has been issued. Any unauthorised running of trade is an offence that may result in a substantial penalty and subsequent prosecution.
The business owners must apply for a trade license if required in a particular area without any delay. An application must be made before the commencement of the activity.
However, some state governments allow 15-3 months to seek a trade license. Licence once issued requires periodical renewal on annual basis. The renewal application must be filed at least 30 days before the expiry of the licence. The process of Trade license registration is often a time consuming and expensive process.
The trade license is a means to ensure that the manner and locality in which the business is being carried on is according to the relevant rules, standards and safety guidelines.
The provision of trade license is laid down by the State government to monitor and regulate the trade within a city. It is issued by the municipal corporation of the place where the business is located.
A trade license is permission to carry on a specific trade or business at the premises for which it has been issued. Any unauthorised running of trade is an offence that may result in a substantial penalty and subsequent prosecution.
The business owners must apply for a trade license if required in a particular area without any delay. An application must be made before the commencement of the activity.
However, some state governments allow 15-3 months to seek a trade license. Licence once issued requires periodical renewal on annual basis. The renewal application must be filed at least 30 days before the expiry of the licence. The process of Trade license registration is often a time consuming and expensive process.
Documents required for Trade License
- Pan Card of the establishment in case of company, LLP or Firm.
- Cancelled Cheque and bank statement of the establishment.
- Certificate of Incorporation, MOA and AOA of the company or LLP/ Partnership Agreement as the case may be.
- Premises Proof of the establishment in the form of Sale Deed, Electricity Bill/water bill and NOC from the owner.
- Colour Photograph, Pan Card and ID Proof and Address Proof of all Directors/ Partners.
- Front-Facia Photograph of the establishment with Display of goods traded from the premises.
- Site/Key Plan Showing the area under the occupation of the applicant earmarking the neighbourhood of the site.
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