Trade License Registration in India authorizes the conduct of a specific trade or activity at a particular location. The main purpose of this license is to stop people from converting their homes into a workplace for tax deduction purposes.
Most importantly, the trade license registration must be done with the state government within 30 days of the business's start date.
The process of registering for a trade license is tedious and requires a lot of time and effort. However, with the help of an expert, you can get your trade license in no time.
For this purpose, we at StartEazy have a tea of experts to do the process on your behalf.
Firstly, they will explain to you about the trade license and verify if you need one or not.
After that, they will check your eligibility.
The following are the requirements for applying for a trade license registration online:
If you are eligible for registration, your assigned RM (Relationship Manager) will guide you with the next step.
The following documents are mandatory to apply for a trade license:
Private Limited Company or One Person Company
Limited Liability Partnership or Partnership Firm
Trade license registration ensures that the business complies with all local laws and regulations.
To apply for a trade license, our team of experts will prepare an application form and submit it to the appropriate licensing authority.
The application will include information about the type of business, its location, contact details, and other relevant documents.
Preparing this application can be complex. Thus, it must be done by a professional to get the trade approved quickly and easily.
After preparing the application, we will review it and verify the details with you before submitting it.
The fee for trade license registration differs from state to state.
However, it starts from Rs.4500/-.
Our team will file the application on the official website along with the documents and pay the asked fees.
After submission, it takes around 10-15 days processing time.
During this time, our team will follow up with the government authorities.
Also, we will resolve all the queries raised by the government concerning the application.
Once the government approves the registration, we will deliver the hard copy of the certificate to your mailing address.
The license is valid for 1 Year after registration. Therefore, you must renew it before it expires by paying the renewal fee.
Processing time: In metropolitan cities, a trade license must be obtained in 7-10 days. In other small cities and rural areas, it must be secured within 30 days of the start of operation.
In case, if documents you submit are not correct, it can take up to 35-40 working days.
In India, trade permits typically renew between January 1st and March 31st. The validity of a municipal authority-issued license is one year, and it must be renewed every year.
The renewal application must be submitted within 30 days of the license's expiration date.
The following are the documents that are a must for the renewal of your license:
The issuing authority's may impose fine if the renewal process delays in any case.
A trade license is a document/certificate that allows an applicant (someone who wants to begin a business) to start a specific trade or business in a specific area/location.
However, the license does not authorize the holder to engage in any other trade or business than that for which it was issued.
Furthermore, the holder of this license does not acquire any type of property ownership.
They state government regulates the activities of trade license holders through municipal corporation statutes.
It ensures that no one harms in multiple ways as a result of a trade or business's nuisance and health danger.
The government has made it mandatory to conduct any certain business or trade in a specific location and to ensure that no one is engaging in unethical business activities.
This license promotes societal harmony by ensuring that all businesses follow necessary regulations, norms, and safety precautions. This license is mandatory so that the government could regulate the country's different trading activities.
The municipal corporation's licensing department issues the trade license in numerous departments such as industries, engineering, and health.
The license is authorized by the Indian government to regulate in cities around the country.
It grants authority to carry on any business or trade in which it is located by letters or documents/certificates.
The issuance of trade license differ in each state, depending on the rules and regulations of local government bodies (Municipals).