Trade License is mandatory for all the business, which carries out trade. The Trade License is issued by the Local Municipality in the Business Location.
Trade License is mandatory for all the business, which carries out trade. The Trade License is issued by the Local Municipality in the Business Location. Trade License is the legitimate document, the Local Municipality provides the Authority to a person, or a party and Business commence operation. The Trade license will be given, If you have done with the rules and regulations of the corporation & safety authorities of the business location of the respective state. The application is filled by the Commissioner in the Incorporation, 30 days before the beginning of the business. While the Trade license process, all the mandatory documents should submit.
Once you finalized the trade type, you should fill the FORM 353 with all the required details. The mandatory documents & Form 353 should submit to the respective Municipal Ward.
After filing the application form, if any other details needed, the authority may ask the additional details. If the provided details met the satisfaction, then license will issued. Trade License validity is 1 year, which will be extended to 2-3 weeks for the re apply. It will be send through courier.
There is no minimum capital amount for a company. A company should have an authorized capital of at least Rs. 1 lakh.
Who are all need to apply for the Trade License, should submit the below documents.
While the registration, other documents, which may ask by the Municipal Ward Officer.
The Trade License renewal is done every year in between the January 1 to March 1. At the time of applying, should submit the below listed documents for the verification.
The Person whose age doesn't exceed the 18, can't get the Trade License.
The person who have criminal record, doesn't get it.
The Trade License contains the three types to the individual & a company based on the type of trade or business was run.
The Shop license will be issued to the person, who is going to open a shop or establishment to sell goods & Services.
The Industrial License will be issued to the company, which will open a small/Mid-sized industrial unit.
These type of license will be issued for the establishment. The Establishment is going to conduct the Food & Beverage industry. The Food Establishment License applies to Restaurants, Cafes, Bakeries, Meat shop, Vegetable shops.
If the Business want to considered as Legal/Legitimate entity, should register the Trade License.
It is listed by the Municipal Authority at the respective location in where the business processed.
Having the Trade License, you can operate your business in the commercial space. No one is questioning you. It provides the confidence & capability/Competence to the business and an entrepreneur.
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