A lot of business just starts without complying local laws, non compliance with respect to trade license is one of them.
Read more to know if you need to apply trade license.
Overview
A trade license is a document/ certificate that allows an applicant (someone who wants to start a business) to start a specific trade or business in a specific area/location.
It verifies that the business or trade was conducted in accordance with all Municipal Corporation safety regulations.
What are the different categories of trade license?
Industries license: Include small, medium, and large-scale manufacturing plants.
Shop license: Dangerous and offensive trades such as firewood sales, cracker manufacturing, candle manufacturing, barber shop, laundry (dhobi) shop, and so on.
Restaurants, hotels, food stalls, canteens, meat and vegetable sales, bakeries, and other food establishments require a food establishment license.
What are the eligibility criteria for applying trade license?
The following are the eligibility requirements for applying for a trade license:
The applicant must be at least 18 years old.
The applicant should have no criminal history.
The enterprise must be legally permissible.
What are the documents required for UBIN & trade license?
ID Proof of the Concerned Person (Aadhaar Card / Driving License / Passport / Voter ID)
If any Government Registration Certificates (Company Incorporation Certificate / Firm Registration / Partnership Deed / Pan card / GST Registration Number / Shop and Establishment Registration / Trade License)
If the applicant is private limited company or partnership firm then they should provide MOA & AOA or Partnership deed copy
For applying State License any One of the following certificates is compulsory (Shop and Establishment Registration, Panchayath License, Corporation License, Municipality License)
Nature of Business
What are the ramifications of failing to obtain a trade license?
Conducting commercial activities without a trade license may result in severe penalties for the defaulter. As a result, it is critical to obtain the same before beginning business operations.
What is the validity of trade license?
Municipal Corporations usually issue one-year trade licenses. The trade license is usually generated within a span of 30 min or less.
We hope the above blog was helpful in enhancing your knowledge on the matter. In case of any queries feel free to get in touch with our team of experts.
Quote of the day:
“Success is walking from failure to failure with no loss of enthusiasm.“
- Winston Churchill
Regards
Asif Hussain
+91-96323-32850
umang@caumang.com
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