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About Trade License
Trade license is a permit issued by a municipal corporation which grants permission to a person or entity to carry on a certain business at a particular premise. It ensures that citizens are not adversely affected by health hazards and perils brought forth by the improper manners of trade. It is a system that also ensures the manner of business pursued by a company is in compliance with the specified rules, safety guidelines and standards.
The terms of trade license are laid down by the respective State Government which is entrusted with the task of regulating and observing the trade within a city. If a trade is found to be unauthorized, it will be considered as an offence and may result in substantial penalty and prosecution.
Every trader involved in any type of trading activity within the territorial boundaries of any municipal corporation is required to get a trade license. The class of trade license varies based on the nature of the business. Trade Licenses are issued by the authorized department of a municipal corporation in consultation with other departments like health, fire brigade or engineering.
The main reason behind why trade licenses are mandatory is to safeguard society against the nuisances and health hazards which a trader/business may cause. Trade license is a way to regulate the trade and to ensure compliance with rule and safety guidelines issued by the government.
Self Attested PAN Card copy
Self Attested copy of any one of the Identity Proof(Voter's ID/Passport/Driver's License)
Self Attested copy of Address Proof in the name of director (Any utility bill i.e., mobile bill/water bill/ electricity bill, or bank statement which should not be older than two months)
Rent Agreement (Notarised: For rented property)
Sale Deed/Property Deed in English (in case of owned property)
No-objection Certificate from property owner
Latest Electricity Bill / Mobile or Telephone Bill / Latest Bank Statement/Gas Bill
Trade License Process
Obtaining DSC & DIN
Drafting MOA And AOA
Affordable Legal Services
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Software Developer, Accenture
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When I was planning to buy an apartment from a renowned developer, I reached out to VakilMatch team for legal consultation and property document verification. The entire experience was smooth, easy, and completely online using cloud services.
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