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Trade License

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Procedure
Definition
Documents
Types
Eligibility
Renewal
FAQ

Procedure for Trade License


Complete our Simple Form

You are required to fill your details in our simple questionnaire and submit documents.

Register for Trade License

You are required to give all the required information to Register Trade License.

Submission of documents

We will create all the required documents and applications and file them on your behalf.

Your work is now completed

Your License will be sent through courier. It is suggested to keep 2-3 copies of it.

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What is Trade License


Every business needs a trade permit from controllers, be it the municipal corporation or the government. Trade License may be a document that provides permission and certifies you to hold on a specific trade or business for that it’s issued. It doesn’t give the responsibility for property or permission for some other activity aside from that it’s given.

The municipal corporation approves the licensing department and allots licenses in the conference with other explicit consultative departments like Health, Estate, Engineering, and others of a similar kind.

In the context of this, it is fundamental for any business foundations to take primary licenses from the License Department before starting manufacturing, trade, or storage of any activity. The appliance has got to be filed with the Commissioner in the Corporation 30 days before the beginning of a business. While filing, the business needs to submit all the mandatory documents

Documents Required for Trade Licence


Lease documents/agreement in case of premises are on lease

ID Proof

Occupancy Certificate

Address Proof

Canceled Cheque

Certificate of Incorporation

PAN of Entity

What is included in Our Trade License Package


DIN for 3 Directors
Digital Signature For 3 Directors
Name search & approval

Eligibility for a Trade License


The Trade License is issued by the licensing department of the municipal corporation in several departments like engineering, industries, health, etc.

The government of India permits the license in a manner to regulate in cities over the nation. It allows by the method for letters or documents and certifies to hold on any business or exchange wherever it is found. The issuance of the license differs from state to state contingent on the local government agencies i.e. Municipals rules and regulations

Types of Trade License


There are 3 kinds of trade licenses that a company or individual can apply for dependent on the kind of trade or business they take forward.

Shop License

This license is required for any individual who needs to open a shop. The shop is often of any retail type.


Industrial License

This kind of license is required for any organization that desires to open a small or mid-sized industrial unit.


Food Establishment License

Any establishment that plans on getting into the food and drink industry needs this license. The license applies to cafes, restaurants, meat shops, bakeries, and vegetable shops.



In like manner, it takes 7-10 working days to process the application of Trade license in metro cities. However, in other small cities and country regions, it sets aside a more drawn out effort for the handling of the Trade license application

Why Trade License


Over the most recent 40 years, trade license has been included in the country and is being administered by municipal corporation acts by the state governments. These advantages in guaranteeing that nobody is exclusively influenced by the disturbance and health hazard of any trade or business.

It has been made compulsory by the government to complete a specific business or trade in a specific region and to make sure that nobody is completing out any wrong business practices. This license creates an agreement in the general public that all business is keeping relevant rules, guidelines, and adopting the security measures. This license was made necessary to ensure that the legislature can manage distinctive trade activities in the nation. The core purpose of issuing this is often to regulate the locations by limiting the people from executing a few kinds of organizations from their home location to maintain the business environment.

Validity of Trade License


An exchange permit is important for each business that completes a trade or business needs. An exchange permit is legitimate just for 1 year.

Numerous different arrangements, rules, and guidelines are required to be trailed by the enrolled individual. In the event of carelessness to follow the enrollment states of exchange permits and beginning any exchange movement before the issuance of this permit, the individual in the default will be dependable to take care of the coordinated punishment. Additionally, the lawful move can likewise be made against the defaulter

Trade License Renewal


The trade licenses in India are reestablished from January 1st to March 31st. The validity of a license given by the municipal authority is for one year and required to be renewed per annum.

The application for the restoration of the license is to be done within 30 days from the date of its expiry. Just in case of the renewal process is delayed, then it’s going to attract a fine depending upon the principles and regulations of the issuing authority

The documents that need to be submitted for renewal of the Trade license are the following:

How is Trade License different from Company Registration?


Company Registration gives the new structure of business while the Trade License is approval to a previously running business for initiating new activity or business. Any running business can enroll itself as a legitimate substance or any individual can likewise frame another structure as an enrolled organization. Trade License is one of the certificates received by a previously registered company on the off chance that it was prepared to continue any additional activity. Investors typically hesitate for putting resources in any sole-proprietor ventures as connected to the element heated by a legal structure like Company, LLPs, etc.

Differences based on validity, authority, documentation, etc are briefly discussed in the Table below.


Basis of difference

Company Registration

Trade License
Structure The new business entity is formed to carry on the business. The existing entity takes the approval for carrying a particular type of activity
Eligibility Directors must not be minor. The company should be registered with a minimum requirement of capital. The applicant must have crossed 18 years of age with no criminal record. Business shall be legally authorized by its object to carry on such other activity for the trade license is acquired.
Types The following are the types of Company: Private Limited, Public Limited, OPC, etc. Types of trade license: Shop License, Industrial license, Drug license, etc.
Processing time ROC takes 3-4 days to issue Certificate of Incorporation Concerned authority takes 7 to 10 days for processing of an application
Validity Valid for lifetime once allotted Valid for one year
Renewal They are not renewed as they are valid for a lifetime. They are renewed after their expiry by submission of necessary documents.

 

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Frequently Asked Questions


A trade license is a document or certificate that permits the applicant to start a particular trade or business in a particular area/location. Furthermore, this license does not pass on any sort of property ownership to the holder of the license.

The municipal authority of the particular state is the accountable body for the issuance of the trade license.

Every trader involved in a general trading activity within the national limits of any municipal corporation is needed to get a trade license. The class of trade license varies from state to state and is based on the nature of the business.

• Fill the inquiry form on LegalRaasta. • One of our experts will call you very soon. • They will understand about business and the requirement for obtaining the trade license. • We will make the required documents and send it to you for review. • If there’s any change, we will make it and send it to the concerned department along with the application form for the trade license. • Once the department is fulfilled with the document verification, it will issue the Trade License.

The cost to get Trade Licenses is starting At Rs. 4,799 Onwards +registration fees.

The process to obtain a Trade license are: 1. Application in Form 353 or 354, depends on the case. 2. If the applicant is a person, his/her Aadhaar Card is necessary. 3. If the applicant is any Company, LLP, Firm, etc, the PAN Card and incorporation certificate or document. 4. Latest Tax Payment Receipt. 5. Consent letter or Lease documents from the Owner of the property.

The documents required for Trade License are: • Lease documents/agreement in case of premises are on lease • Occupation certificate • ID proof of applicant (for an individual it is an Aadhaar card and for company, it is a PAN card & certificate of incorporation) • Registration certificate from the concerned authority

It typically takes 8 days. In case, documents are incomplete and erroneous, it may take more time.

If the license is denied by the commission, then you may appeal to the standing committee by delivering the denied letter.

According to the Act, running an unapproved Trade is an offense. The concerned authorities may seize or lock your Trade business with or without prior intimation.

Fill the Renewal Form. Pay the renewal charges with half fine.

Give the reason behind why you have not renewed your license. Fill the due fees alongside the fine, the present year fees, and afterward start your business.

The appropriately approved manager or agents may be permitted where there are no complaints by his business. If there is any complaint, the proprietor must go for compliance and also renewal.

On the off chance that the license holder is deceased, one legal heir can transfer to his/her name with the procedure. (By delivering legal heir documents and a no-complaint letter is issued from other heirs).

In this case, the license holder is violating the license conditions and disturbance to neighbors or the environment.

The Health Inspector of the concerned ward and Zonal Chief Officer is the contact Officer for license inquiry

The Renewal period is from January first to March 31st of every year.

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