Trade License
We will provide services for Hotels, Shops, Industries, Showrooms, Outlets to get trade license from the concerned authorities.
WHAT IS TRADE LICENSE
Trade License has introduced in India 40 years ago.
Trade license is the way to regulate specific business from a particular locality. It is issued by the State Government. A trade license is a permission to carry on a specific trade or business at the premises for which it has been issued.
It does not assures any kind of property ownership and not even allowed to do any other business rather than for which it is issued. It is made necessary for an individual to register this his new business and get a Online trade license for it.
The major objective of the trade licence is to reduce the people from making their residential area as their business location. The application must be made within 30 days of commencement of business.
What Are The Benefits Of A Trade License?
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.
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.
Checklist For Who Can Apply for A Trade License
When applying for a trade license, there are certain categories of people who can’t apply for a trade license.
- Minors: A person aged below the age of 18.
- Criminal Background: A person with a criminal record cannot apply for a trade license.
What Are The Documents Required to Apply for a Trade License?
When applying for a trade license, one needs the following documents for verification;
- Form 353 duly filled
- A letter of consent from the owner or neighbor of business property.
- The city survey map of the business property.
- Tax receipts
- A blueprint of the premises, in case, if the business deals with explosives, timber, and dangerous goods.
- Other documents that the Municipal Ward Officer may inquire, at the time of registration.
What are the Documents required to renew a Trade License?
In India, Trade License renewals take place between January 1 and March 1 of every year. While applying, a person should present the following documents for verification;
- The original trade license
- All tax receipts, showing up to date payments
- Past payment challans
Process of making Trade License
Document Collect :
LegalDocs team will collect documents through mail, whatsapp whichever is comfortable for customer
FAQs on Trade License Renewal and Registration Online
The whole procedure of getting a Trade License should not take more than 15 days. At Vakilsearch, we will help you get your trade license within a span of 10 days, from the time you apply. Yes, the government has made it a mandatory requirement to renew this license every year. Failing to do so, can attract a penalty or a fine.
Please visit Legal docs website which is the easiest way to apply for trade license online.
Yes, the government has made it a mandatory requirement to renew this license every year. Failing to do so, can attract a penalty or a fine.
Yes, a Trade License is required irrespective of which line of business you are in. Any business that exchanges goods or services for money, has to have this license. In the case of a restaurant, you require a Food Establishment license.
BBMP trade license is Bruhat Bengaluru Mahanagara Palike trade license.
You can apply for it 30 days prior to the commencement of your business.
If for any reason you are denied a Trade License, you can submit a petition to the Standing Committee with a copy of your denial letter.