Why Trade License is mandatory?
Trade License is a Permission in the form of Certificate issued by Local Authority or Municipality Corporation to operate a selective trade on a particular address place.
Hence it is essential for any business Establishments to take trade license licenses from the License Department (Local Authority or Municipality Corporation ) before starting production, transfer or storage of any activity/products.
Where to Apply for Trade License?
Apply to License Department depending on your state and locality. Usually Local Authority or Municipality Corporation issues Trade License.
Eligibility for a Trade License
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Applicant should not be less than 18 years old and must not have any criminal records
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Business Activity is legally permissible.
Basic Documents required for Trade License Registration
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Address proof and PAN Copy of Directors / Partners/Proprietor of the Entity
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Rental Agreement with Owners NOC for Proof of Business place. Legal Ownership Papers may also be need sometimes ( example – Property Tax Payment receipts, Sales Deed, etc)
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Constitution proof of the business in case of Firm / Company ( example – Certificate of Incorporation or Firm Registration Certificate) and Pan card
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Bank Statement / Cancelled Cheque of the Entity
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GST Certificate ( optional)
How long it takes to grant License?
In general, it takes 7-15 days working
Does Department Inspect at site to check activity?
Yes. Department have right to inspect the business premises anytime.