A Trade License is a certificate granted by the municipality which grants permission to a company for doing a trade or running a business. And to attain the license, a business must comply with some rules and regulations laid down by the corporation and safety authorities of the state.
The application must be sent a month prior to starting the business to a Commissioner in the Corporation. What you need to submit, are some necessary documents.
There are 3 types of trade licenses based on the trade or business they wish to carry out.
This license is a must for anyone who wants to start a shop.
This is needed for a company which wants to open a small or mid-sized industrial unit.
If you are planning to get into the food and beverage industry, you will need this license. The license is needed to start cafes, restaurants, meat shops and bakeries.
Anyone except those who are below the age of 18 or have criminal records.
In India, renewal of trade license takes place between January 1st to March 1st. You will need the following documents:
Once you decide the type of trade license you need, you have to completely fill, form 353 with all necessary details and submit all the documents to the ward office of your local municipality.
If needed you might have to give some additional detail. Once all the details are verified and found satisfactory, you will be issued the Trade License.
The validity of a trade license is for a year and it takes about 2-3 weeks to get one. Your trade license will be sent through courier.
It is mandatory to have a trade license; on failing you will be penalized.
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