Trade Licence | MyCompanywala

Trade Licence



Price : INR 4999+Govt fees

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What is Trade Licence?

  • A trade licence is a certificate that gives the permission to the applicant (person seeking to open a business) to commence a particular trade or business in a particular area/location. However, the licence does not allow the holder to any other trade or business than for it is issued.

    The trade  licence does not pass on any kind of property ownership to the holder of the licence.

  • Different categories of trade licence

    • Industries licence: small, medium and large scale manufacturing factories
    • Shop licence: Dangerous and Offensive trades like a sale of firewood, cracker manufacturer, candle manufacturer, barber shop, dhobi shop etc.
    • Food establishment licence: Restaurants, hotels, food stall, canteen, the sale of meat & vegetables, bakeries etc.

  • Eligibility for a Trade licence

    a. The applicant must have crossed the age of 18 years

    b. The applicant must not have any criminal records

    c. Business must be legally permissible.

    Processing Time

    It takes 7-10 working days time to process the application of Trade licence in metro cities. However, in other small cities and rural areas, it takes longer.

    Features of Trade licence

    It is required by the existing entity to carry the business activity.

    The applicant must have attained 18 yrs of age and should have no criminal record. The business must have the object to carry that activity for which the trade licence is acquired.


    Different Types of Trade Licence

    Food Establishment Licence - Hotels, Canteens , Food Stall seller, Grocery shops

    Industrial Licence- Factories, Power Looms, Flour MIlls, Other manufacturing units

    Shop Licence- Barber shops, Dry Cleaners shops, Crackers and candle shops, Building Material shops

    Documents required for Trade Licence

    • Address Proof
    • Identity Proof
    • Affidavit
    • Certificate of Incorporation, AOA and MOA of the company
    • Cancelled Cheque and Bank Statement
    • Inome Tax return and Property Tax Receipt
    • Documentary proof of establishment of trade
    • Legal Occupancy document proof of the establishment or unit or allotment letter provided by the government agency
    • Lease Deed of the premises
    • No Objection Certificate/ NOC from the land-owning agency
    • Documentary proof for the non-existence of unauthorized construction
    • Documents required for the renewal of a trade licence
    • PAN for the entity

    Validity for Trade Licence

    The trade licence remains valid for the period of one year  and after it is renewed from time to time to carry on trade.

    Documents required for renewal of trade licence:-

    The Trade licence is required to be renewed on the annual basis after getting the registration. The renewal application is required to be submitted within 30 days from the date of expiry of the licence. The delay in fling of the application can incur additional payment which is 50% of the licence fees.

    Documents required for the renewal of the trade licence are:

    • Original copy of Trade Licence
    • Address and Identity proof
    • Previous year Challan
    • Old G-8 receipt
    • Property tax receipt

    Frequently Asked Questions

    The municipal authority of the particular state is the accountable body for the issuance of the trade licence.


    • You can call or submit our query form
    • One of our experts will call you very soon.
    • We will make the required documents and send it to you for review.
    • If there’s any change, we will make it and send it to the concerned department along with the application form for the trade licence.
    • Once the department is fulfilled with the document verification, we will provide the Trade Licence.

    The brief process to obtain Trade licence are:

    1. Application in Form 353 or 354, depends on the case.
    2. If the applicant is a person, his/her Aadhaar Card is necessary.
    3. If the applicant is any Company, LLP, Firm, etc, the PAN Card and incorporation certificate or document is necessary.
    4. Latest Tax Payment Receipt.
    5. Consent letter or Lease documents from the Owner of the property.

    Please note that running an unapproved Trade is an offense. The concerned authorities may seize or lock your Trade business with or without prior intimation.

    You are required to fill the Renewal Form and also requires to Pay the renewal charges with half fine. My licence has lapsed over a year back, what would be a good idea for me to do? You are required to fill the Renewal Form and also requires to Pay the renewal charges with half fine.

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