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WHY IS TRADE LICENSE NECESSARY?

• it was made mandatory to make sure that the government can regulate various trade activities which are operating in the country.

DIFFERENT CATEGORIES OF TRADE LICENSE.

Industries license: Small, medium and large scale manufacturing factories

Shop license: Dangerous and offensive trades like a sale of firewood, cracker manufacturer, candle manufacturer, barber shop, laundry shop etc.

Food establishment license: Restaurants, hotels, food stall, canteen, the sale of meat & vegetables, bakeries etc.

WHO ISSUES A TRADE LICENSE?

• It is issued by the licensing department of the municipal corporation in various department like engineering, health, industries, hotels etc.

• It grants permission by the way of letters or documents/certificates to carry on any business/ trade where it it wants to set up its business/ trade.

ELIGIBILITY CRITERIA FOR TRADE LICENSE APPLICATION:

To be eligible to apply for the above license, the applicant has to ensure the following criteria are satisfied:

• The applicant or individual must be a major. This means the applicant must be more than 18 years of age.

• The applicant should not have a form of convictions or criminal records.

• The business of the applicant must not be against any provisions of law in force.

PROCEDURE FOR APPLYING FOR TRADE LICENSE:

Depending on where the applicant is located, the following requirements have to be complied with:

• The applicant has to either apply online or offline for the trade license certification. For the online method, the applicant has to make an application and attach the prescribed documents.

• The applicant has to go to the prescribed webpage to file the online trade license.

• After this, the applicant will get a pop-up notification related to the terms and conditions which have to be adhered for the trade license.

• The applicant has to click on the accept button for the terms and conditions.

• Next step in the process would include the applicant to fill in necessary information and details regarding the trade license.

• The online system for license registration has a specific mode where authentication of documents can be carried out electronically. The applicant has to perform these and submit relevant documents.

• Once this process is carried out, the applicant will get a confirmation for successful registration of the trade license.

• The applicant will get the confirmation regarding the same, and the applicant will receive the license within eight to eleven working days.

• Usually, the process of receiving the trade license is faster in Metropolitan Cities when compared to rural areas.

DOCUMENTS REQUIRED FOR APPLYING FOR TRADE LICENSE:

Documentation required for application of the trade license are as follows:

• Address proof of the business.

• ID proof of the applicant.

• Aadhaar card.

• PAN of the individual in case of proprietorship, else PAN of the firm of company.

• Memorandum of Association (MOA) in case of Companies.

• Certification of incorporating in case of Companies.

• A latest municipal property tax receipt in case the premises are owned, else lease document or consent letter of the owner of the property where the business is registered.

• NOC of the neighbours (nearby property owners).

• NOC of the neighbours (nearby property owners).