Trade License Registration

Trade License Meaning

If you're planning to establish a company, you'll need a trade license before starting. Every business requires an official license to trade from regulators such as a municipal company or state government. This is a way to prove your capacity to carry out specific tasks. Trade licenses are an authorization slip, which gives you the right to conduct the operational procedures. It is necessary to obtain a trading license no less than three months before you plan to start your work.

If the applicant plans to establish a new business different from the one listed in the application for a trade license, it is necessary to segregate it. Trade licenses are intended as an approval or authorization granted to the person applying to establish the business specified in the application. This license defines the scope of their business activities, i.e., what they are permitted or not permitted to conduct.

The trade license process is necessary to access the benefits of the government to encourage trade and commerce. Businesses of all kinds are granted licenses by various levels of government, including the district administration, municipality, or even the state government. Every state has its own rules and regulations in India, so being up-to-date is essential.

This trade license check is carried out in the local municipal authority of the state in which the company has its registered headquarters and where activities will be conducted. Municipal corporations in different cities require businesses to pass various tests, including those related to health and safety, etc., before granting a license.

Trade License Documents Required

The documents required for trade license constitutes the following:

1. Individuals need to provide the address of their residence and proof of identity.
2. Aadhar card will be required for individuals
3. Affidavit
4. PAN card that includes an incorporation certification is needed by companies, LLP, and companies.
5. Certificate of incorporation AOA as well as MOA that the firm is a part of
6. NoC forms from the neighbor next door.
7. Income Tax Return and Receipt for Property Tax
8. The letter of permission or the lease document from the owner of the property.
9. Cheque cancelled as well as Bank Statement
10. Documentary evidence to prove the non-existence of illegal construction
11. Occupancy certificate and occupancy certificates
12. A layout approved of your building for trading that showcases every room.
13. Khata Certificate and extract of Khata.

Trade License Registration Process

The steps are given below:

1. The applicant is required to submit an online application or in person for the trade license certificate. The applicant must submit an application and all the necessary documents when going through the method. The applicant must bring all documents to the authority concerned for the offline method. After that, the applicant must complete the application form with all the necessary information.
2. Each state requires different methods to fill out requests for licenses.
3. Visit the appropriate website to obtain an online license for trade.
4. You will receive an email notification about the terms and conditions to which the trade license must adhere.
5. To agree with the terms and conditions, click the accept button.
6. Fill in all the necessary details and information regarding licensing for trade.
7. Online registration includes a particular mode in which documents can be electronically authenticated.
8. After you complete the trade license procedure, you will receive a confirmation of an effective registration for the license.
9. An applicant is expected to receive confirmation. After Verification automatic Unique Application Number is generated, pay the fee by clicking on the make payment option. The license will be issued within 8 to 11 days of working time.

Our Assistance

Typically the process for obtaining the trade license is more rapid within Metropolitan Cities when compared to rural regions. Every company operates in a controlled environment that must adhere to the applicable law requirements. The regulations can vary depending upon location, activity, and the entity's nature. The most important step is determining the type of certification your company requires. Many regulations apply to specific industries, and a one-on-one meeting with our expert will assist.

If you are looking for an attorney service company that offers affordable registration options for your company, consider Regalguru. We are one-stop station to manage all your legal registration issues while you concentrate on running your business.