Trade License for business in India

Trade License India is a license or permission issued by municipal corporation granting permission to carry on a particular business at a particular address. It ensures that the citizens are not adversely affected by health hazard and nuisance by the improper carrying of trade.a trade license. While a business owner may be eager to simply set up shop and begin selling a product/service,but have to first get trader registration in India done.

However, acquiring this business entity is no small task, for there are many requirements for registering for trade licence.

Eligibility criteria for Trade Licence Registration in India

The applicant must observe the following pre-conditions for the Registration of a Trade Licence:

• Individuals must have Valid ID
• Individual must eligible to apply under licence category

Documents required for Trade Licence Business in India

Document requirements for registeration

• Passport-sized photographs
• Aadhar Card
• Certified layout plan of trade building displaying business, working or washing or resting areas
• PAN card and Incorporation Certificate, if an applicant files for a firm, company, or LLP
• Recent Municipality Property Tax Payment Receipt
• Consent letter from the owner of the property
• Lease Documents
• NOC from an immediate neighbor
• Occupancy certificate (OC)
• Sanction Plan

Process for Private Limited Company Registration in India

Want to know the procedure for the registeration of a trade licence in India? Well, the procedure for registeringtrade licence in India is as follows:

• Drafting application for trade licence
• Making changes in draft if needed
• Submitting the application
• Assessment of the application by the Authority

Our Assistance in Trade Licence Registration in India

We at UST Associates provide end-to-end solutions for trade licence registration in India.

In order to keep up with these requirements, you need the assistance of business experts. Additionally, the registration process  is something that only experts like CA or CS should handle.

Therefore, UST Associates is here to help out. Our complete Registration services shall ensure that you can set up your company.

Frequently Asked Questions - FAQs About Trdae Licence

Q1. How long does it need to get a trade certificate?

A. The whole idea of getting a Trade License should not need more than 15 days. We will help you get your trade license in a span of 10 days, from the time you implement. Yes, the government has made it a necessary requirement to renew this license each year. Failing to do so, can draw a penalty or a fine.

Q2. Is it mandatory to renew a Trade License?

A. Yes, the government has declared it a mandatory requirement to renew this license every year.

Q3. Do I require a Trade License to run a restaurant?

A. Yes, a Trade License is required irrespective of which group of business you are in. Any business that trades goods or services for money, has to hold this license. In the case of a restaurant, you need a Food Establishment license.

A. Q4. What is the duration of Trade license renewal?

font-family: 'Arial','sans-serif'; mso-fareast-font-family: 'Times New Roman'; mso-bidi-font-weight: bold;">Trade license renewal is made from 1st January to 31st March every year.

Q5. If the license has ceased long ago, how can I recover from such situations?

A. You need to give the reason for this and pay the relevant amount or due fees for it.

Q6. Can a license be dissolved and how can it happen?

A. In this case, the license holder is disrupting the license limitations and disruption to neighbors or the environment.