Trade License
Easily Get the Trade Licence. It just Takes (2 business days, subject to Government processing time.) days.
Online Trade License in India Starting at just Rs. 2499/-
Trade License Trade license is the way to regulate specific business from a particular locality. It is regulated to ensure that the citizen is not adversely affected by Health Hazard & Nuisance by the improper carrying of a trade. The trade license is a means to ensure that the manner and locality in which the business is being carried on is according to the relevant rules, standards and safety guidelines. The provision of trade license is laid down by the State government to monitor and regulate the trade within a city.
It is issued by the municipal corporation of the place where business is located. A trade license is a permission to carry on a specific trade or business at the premises for which it has been issued. Any unauthorised running of trade is an offence which may result in a substantial penalty and subsequent prosecution. The business owners must apply for trade license if required in particular area without any delay. An application must be made before the commencement of the activity. However, some state governments allow 15-3 months time to seek a trade license. Licence once issued requires periodical renewal on annual basis. Application for renewal must be filed at least 30 days before expiry of licence. The process of Trade license registration is often a time consuming and expensive process.
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Legal Entity:
In order for a business to be considered as a legal entity it needs to have a trade license.
Manges Rules & Regulations:
As stated by the Municipal authority in which the business is located.
Easy Processing and Compliance-free
No need for renewal, Lifetime Validity
A Measure of Competence:
With a trade license, a business can operate in a commercial space, without fear of being shut down. This provides a display of confidence and competence, in the business and entrepreneur.
Documents Required For Trade License
- Pan Card of the establishment in case of company, LLP or Firm.
- Canceled Cheque and bank statement of the establishment.
- Certificate of Incorporation, MOA and AOA of the company or LLP/ Partnership Agreement as the case may be.
- Premises Proof of the establishment in the form of Sale Deed, Electricity Bill/water bill and NOC from owner.
- Colour Photograph, Pan card and ID Proof and Address Proof of all Directors/ Partners.
- Front-Facia Photograph of the establishment with Display of goods traded from the premises.
- Site/Key Plan Showing the area under the occupation of the applicant earmarking the neighbourhood of the site.
Step-1:
Form 353:Once the type of trade license is finalized, Form 353 is duly filled with all the required details. All the above-mentioned documents are submitted to the Municipal Ward Office.
Step-2:
Validity: After the application is filed, and if more information is required, authorities may demand additional details. If all the details are found to be satisfactory, the trade license is issued. The validity of the trade license is one year and it takes about 2-3 weeks to procure one, which is dispatched through a courier service.
Step-3:
Non Compliance:Trade License is a mandatory requirement for every business. Hence, if any business owner fails to get one before starting a business, he or she is liable to pay a fine or may face legal repercussions.
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1. What is Trade License?
A trade license is a document or certificate that permits the applicant to start a particular trade or business in a particular area/location. Furthermore, this license does not pass on any sort of property ownership to the holder of the license. -
2. Who issues the trade license?
The municipal authority of the particular state is the accountable body for the issuance of the trade license. -
3. Who Need Trade License?
Every trader involved in a general trading activity within the national limits of any municipal corporation is needed to get a trade license. The class of trade license varies from state to state and is based on the nature of the business. -
4. How to get Trade License?
Fill the enquiry form on MeraProfit.
One of our experts will call you very soon.
They will understand about business and the requirement for obtaining the trade license.
We will make the required documents and send it to you for review.
If there’s any change, we will make it and send it to the concerned department along with the application form for the trade license.
Once the department is fulfilled with the document verification, it will issue the Trade License. -
5. How much does it cost to get Trade License?
The cost to get Trade Licenses is starting At Rs. 4,799 Onwards +registration fees. -
6. What is the process to get Trade License?
The process to obtain Trade licence are:
Application in Form 353 or 354, depends on the case.
If the applicant is a person, his/her Aadhaar Card is necessary.
If the applicant is any Company, LLP, Firm, etc, the PAN Card and incorporation certificate or document.
Latest Tax Payment Receipt.
Consent letter or Lease documents from the Owner of the property. -
7. What are the documents required for getting Trade License?
The documents required for Trade License are:Lease documents/agreement in case of premises are on lease
Occupation certificate
ID proof of applicant (for individual it is Aadhaar card and for company, it is PAN card & certificate of incorporation)
Registration certificate from concerned authority -
8. How much time does the application process ordinarily take?
It typically takes 8 days. In case, documents are incomplete and erroneous, it may take more time.
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