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.
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.
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.
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
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.
The municipal authority of the particular state is the accountable body for the issuance of 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.
There is no transfer of trade licence.
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