Every business that engages in a trade must possess an online trade license. We, at Vakilsearch assist you in completing this registration at the nearby municipality quickly and easily
We respond to all of your questions regarding the trade license.
We assist you in completing the registration process from beginning to end.
We support you with the formalities and compliances following registration.
A trade license is nothing more than a legal certificate or document issued by an authorised state government entity (usually a local municipality). It gives the applicant (a person or party) permission to begin operating a business in a certain area or place. The business that obtains the license is required to abide by the authority's established rules and regulations. The business's online trade license also certifies that it doesn't use any unethical practises that might endanger residents of the specified locality or territory. At least 30 days before beginning the job the petition must be fulfilled to the authority's authorised commissioner. During this time, the applicant or enterprise must provide the necessary paperwork.
Legal Entity: A business must possess a trade license in order to be regarded as a legal entity
Manges Rules and Regulations: As asserted by the metropolitan body the business initiated should follow all the regulations and laws described by the authorities
A Competence Measure: Having a legal online trade license permits a company to function effectively within a commercial space and will not be forced to close by external entities. This saves the company and the entrepreneur's dignity and competence.
There are specific groups of people who are not eligible to apply for trade licenses.
Form 353: After deciding on the type of trade license, Form 353 is filled out with all the necessary information. Provide all of the documentation listed above to the municipal ward office.
Validity: The authorities may submit the extra information, make sure to submit the required documents. The online trade license is granted if all of the details are deemed to be satisfactory. The trade license has a one-year expiration date and can be obtained via a courier service in around 2-3 weeks.
Non Compliance: Every business is required to have a trade license registration. Therefore, any business owner who doesn't obtain one before initiating the process is subject to pay a fine or face legal problems.
The following papers are required for verification when applying for a trade license:
January 1 till March 1 is the time period provided for trade license renewal online in India. A person should submit the following paperwork when seeking for verification:
By Acquiring an online Trade license in India the following aspects can be achieved
The trade license is issued by the municipal corporation licensing department. The license is authorised by the government of India in order to regulate it in cities across the country. A permission is provided through documents certifications to contact business without any hindrance. Based on the local government agencies the issuance of license greatly differs.
Since the trade licenses are issued by the local governments (municipalities) of each state, the fees differ from one state to another. The rules and regulations in effect in that particular state are used to establish the license fees. Trade licensing fees are assessed annually in several states. In contrast, it is determined in other states using the proportion of annual firm turnover.
If you are planning to apply for a Trade license, make sure to consider the following points.
Three different types of trade license is issued by the municipality
Type A- This type of license is required for all food service establishments
Type B- Units in manufacturing and processing where machines and electricity are used, such as milling units are provided with this type of trade license registration
Type C- This type of trade license registration is provided for High-risk activities including the manufacture of fireworks, wood and timber structures.
Vakilsearch has a team of expert attorneys who can complete the trade license registration process with just a few clicks. All you have to do is get in touch with our specialists and submit all the mandatory documents. If you have any issues or queries underpinning trade license online renewal or registration just reach out to us. Our team of experts will clarify all your queries and initiate the process without much hassle.