Trade License Registration in India
Trade license registration is mandatory for all trade businesses, get your trade registered with the legal authorities now.
Trade license registration is mandatory for all trade businesses, get your trade registered with the legal authorities now.
Trade license refers to a license which every business organization needs from regulators, whether it is the municipal corporation or the state government.
Trade License grants permission and certifying that the particular trade or business for which it is issued can be carried out. No type of permission for any other activity other than for which it is issued is provided. A trade license is issued by the local municipality; it provides authority to the business entities for proceeding its business operations.
To obtain this license, for carrying out the trade in the state business entity has to agree with all the terms and conditions laid by the local municipal corporation and safety regulations by the safety authorities.
Trade license helps to ease in business as a legal entity without frequent intervention of municipal authorities.
Business become a food compliant as agreed in the application to obtain the license.
Avoid penalty which may arise due to carrying business without trade license.
Help in registration under other acts by providing shop & establishment registration.
Trade license refers to a license which every business organization needs from regulators, whether it is the municipal corporation or the state government. Trade License grants permission and certifying that the particular trade or business for which it is issued can be carried out. No type of permission for any other activity other than for which it is issued is provided.
A trade license is issued by the local municipality, it provides authority to the business entities for proceeding its business operations. To obtain this license, for carrying out the trade in the state business entity has to agree with all the terms and conditions laid by the local municipal corporation and safety regulations by the safety authorities.
The municipal authority of any particular state shall have the power and is the accountable body for the issuance of the trade license.
Every trader who is involved in a general trading/ business activity within the any municipal corporation is required to take a trade license. The class under which trade license is take varies from state to state and in accordance with the nature of the business.
In According with the Act, carrying an unapproved Trade is an offense and therefore, the concerned authorities with or without prior intimation may seize or lock the Trade business.
Following are the eligibility condition for applying for the trade license-
The suspension/ revocation of the License can happen in case, the trade license holder is violating the license conditions and disturbance to environment or public.
The different categories of trade license are-
Renewal period of trade license is from January first to March 31st of every year.
In case license holder is deceased, his/her legal heir can transfer the license to his/her name with procedure provided under the law. Which is done by delivering documents and no-complaint letter is issued from other heirs to the authority.
