When my father was planning to start a new business, his friend told him that he would require a trade license to start a business or a trade within a particular municipal limit. He explained what is trade license in India in detail. Read below to know:
What is Meant by Trade LicenseA trade license is a certificate/document that permits the applicant (person who is looking to start a business) to commence a particular business or trade in a particular location/area.
It ensures that the trade or business is carried out by adhering to all the safety standards as issued by State Municipal Corporation. It helps protect people from being affected by any health hazards.
However, it doesn’t allow the holder to carry out any other business or trade other than for its issued. Moreover, it doesn’t pass on any kind of property ownership to the license holder. One can apply online or offline for this license through their local municipal corporation.
Now you know what is trade license in India.
Who can Apply for a Trade licenseYou should be older than eighteen years
You shouldn’t have any criminal records
The business should be legally permissible
:
Business’ Address Proof
Applicant’s ID proof
Aadhaar card
PAN of the company or PAN of the person in case of proprietorship
Certification of incorporating in case of Companies
Memorandum of Association in case of Companies
Certified layout plan of the office
NOC of the neighbors (nearby property owners)
Latest property tax receipt or lease document or consent letter of the property owner.
Related Answers:
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What is trade license?
Minty
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2022-02-25T17:12:24+00:00 2022-02-28T18:31:50+00:00Comment
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