It is essential for every business that carries out trade or business needs to have a trade license. You need to get this registration done at the local municipality. A trade license is valid for a year and you have to renew it after it expires.
A Trade License certificate is a document from the municipality that grants permission to a company to carry on trade or business.
The license is given if the business complies with certain rules and regulations laid down by the corporation and safety authorities of the state.
The application should be made 30 days prior to commencement of business to a Commissioner in the Corporation. When applying the business has to submit certain documents.
There are three types of trade licenses that a company or individual can apply for based on the type of trade or business they carry out.
This license is needed for anyone who wants to open a shop. The shop can be of any retail type.
This type of license is needed for any company that wants to open an small or mid-sized industrial unit.
Any establishment that plans on getting into the food and beverage industry needs this license. The license applies to restaurants, cafes, meat shops, bakeries and vegetable shops.
When applying for a trade license, one need to show the following documents:
In India, trade license renewals take place between January 1st to March 1st. While applying, a person should show the following documents:
Once you know the type of trade license you need, you should fill up form 353, duly filled with all required details and submit the above mentioned documents to the ward office of your local municipality.
After you apply, the officer may ask you for additional details, in case he needs more information about your business. If he is satisfied with all the details already sent, he will issue the trade license to you.
A trade license is valid for a year and it takes about 2-3 weeks to get. You will receive your trade license via courier. It is suggested that you make a couple of copies of the license.
It is mandatory for every business to have a trade license. If anyone fails to get one before starting a business, he or she is liable to pay a fine or be penalised.
At Vakilsearch, we can deliver all your documentation requirements in just four working days. And if you're not totally satisfied, we'll take another couple of days to work on the modifications you need. All at the lowest price, both online and offline.
We make your interaction with government as smooth as is possible by doing all the paperwork for you. We will also give you absolute clarity on the process to set realistic expectations.
Our team of experienced business advisors are a phone call away, should you have any queries about the process. But we'll try to ensure that your doubts are cleared before they even arise.