How to renew Gumasta License – Procedure and Documents By Dhivya Krishna - December 6, 2019 Last Updated at: Feb 19, 2021 10841 If you are planning to start a business in Maharashtra, then you would need Gumasta license for the same. The Municipal Corporation of Mumbai issues this license under the Maharashtra Shops and Establishment Act. Key highlights: The Gumasta license is issued under the Sub-section (2) of the Maharashtra Shops and Establishment Act, 1948 This license is valid for one year, and you must apply within 30 days of the date of expiry of the registration certificate It is a mandatory document to help you register yourself as an authorized entity It is proof that you are authorized to operate a business in Maharashtra This license is a must for any business to be recognized by the Government or Bank irrespective of the fact that an individual or an organization does the business. get your shop & establishment license Let us unfold the procedure and documentation required for obtaining a Gumasta license. Required documents: If you are looking forward to applying for Gumasta license, then you would need to submit all the documents as specified by the authorities. Here is the list of documents that you will need: If you are planning to register a General or sole proprietorship, then the following documents would be required: Aadhaar Card PAN Card Address Proof Photograph Business Authorization Letter Property Ownership Proof If you are registering a partnership firm, then you will need the following documents: Partnership firm’s plan Partnership Deed Partner’s Identity proof Address proof Fees for a Partnership firm Private Company – To register a private company, you will have to submit the following documents: Address Proof Identity Proof of the partners MOA or Memorandum of Association Article of Association Charitable Trust- Name of the trustees and certificates Bank– Permission copy issued by RBI Cooperative society- a copy of the registration How to Register for a Gumasta license? You can begin the Gumasta license registration process online as well. To do this, go to the official website of Municipal Corporation of Greater Mumbai. You can click on the link http://www.mcgm.gov.in to start the process. On this page, you will find the Shop and Establishment section. Click on it to start the license registration process. Once you fill the form and submit it, a receipt will be generated. Thereby, you should submit a fee to get the UTN number. After completing this, you must print the form along with all the documents mentioned above to the Shop License Dept. of Municipal Corporation. After complete scrutiny and verification of all the documents, the officer will issue the license. The officer may also visit the place where you will be establishing or starting your business. You must apply for registration to the Area Inspector within 30 days of starting your business. How to renew the license online? The Gumasta license is valid for one year and you can extend it for ten years. This renewal can take place 15 days before the expiry of registration or at least 30 days after the expiry date of the registration certificate. Visit the MCGM portal to renew your license Provide all the details related to your establishment Upload the required documents on the portal Now pay the required fee online through net banking or debit/credit card Apply to renew your license You can check the status, if your application is accepted or not If approved, download the renewed registration certificate of Gumasta license Mumbai It is worth mentioning that if the Gumasta license is not renewed on time, a late fee of 50% of the total renewal fee is charged at the time of filing for renewal. What are the new rules for Gumasta license in Mumbai? There are certain new rules associated with Gumasta license. These are: If your company has nine employees or less, then Gumasta license is not necessary. It is only applicable to companies which have more than nine employees. Note: If there are any changes in the particular at the time of issue of Gumasta license, then you will have to intimate it to the inspector. The employer must do so after a change has taken place. The inspector will verify the change, and once the documents and details are verified, the license will be renewed. Benefits: One gets the following benefits after registering for Gumasta license: After successful registration for Gumasta license, you will be eligible for all the tax subsidies from the Maharashtra State Government. It also works as a proof of legal entity eligible to do business in Maharashtra If any business requires a bank to collect money from the customer, most of the banks would require the Gumasta license to work as an identity proof to open the bank account.