Trade license is a license that permits the businessperson to setup a trade in a particular area. Every businessperson must obtain a trade license.
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A trade license refers to a legal Document that renders a permit to the applicant (individual seeking to set up a business) to start a specific trade or business in a particular locality/area. It ensured that the trade or business was performed by complying with all the relevant safety provisions as rolled out by State Municipal Corporation. It safeguards the residents from being hampered by any health hazards. However, the license does not permit the business owner to perform any business activities that fall outside the ambit of the license. Moreover, this license does not pass on property ownership to the license holder.
Trade license came into existence nearly four decades back and is being governed via Municipal Corporation Act. The Trade license promotes fair trade practice and seeks to safeguard the public from health hazards of any trade, and it has been made mandatory by the Indian government to conduct any kind of business or trade-in particular locality & to ensure that no one is leveraging unethical business practices.
The license seeks to instill harmony in society and mandates business owners to comply with underlying guidelines. The license also provides business owners with the requirement of following safety measures.
Following business entities are mandated to secure trade license from the respective Municipal Corporation before commencing business operations:
The eligibility conditions for securing a trade license in a particular state are as follows:
Following is the list that encloses all the mandatory Documents needed for securing a trade license:
The first process is to visit respective Municipal corporation website. “Citizen Service” Option from the respective Municipal Corporation website.
Then applicant needs to register his/her details such as Name, email ID, mobile number etc. Once the details are registered then system generates the User ID and password.
Once the user ID and password is generated, login using the same the application form will come up in which all information asked need to be filled.
All relevant Documents are required to be prepared in the prescribed manner and must be duly signed by the concerned authority.
Once all the Documents are ready it is required to be uploaded online. The application form and Documents are the verified by the Urban Local Bodies officials.
After verification a Unique Application Number will automatically be generated.
Once all paper works are done the payment of fees is to be done by going to Make Payment option, there are different modes of payment to choose from.
When all the paper works and online process is done successfully then the License number for Trade will be issued.
Note: The Licensing Process May Involve The Requirement Of On-Site Inspection. In Such A Case, The Concerned Authority Appoints An Official To Inspect The Business Place To Ensure That Everything Is In Line With Underlying Conditions.
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