A Trade license is a certificate issued by the Municipal Corporation, permitting an applicant to carry out a particular trade/business which is indicated in its application. No other rights are created out of the license, such as a claim on the property, or the ability to engage in some other activity which was not specified in the application.
Every State usually requires a business to apply for a license at least 30 days before commencing operations and requires the license to be prominently reviewed once obtained.
A Trade license is a certificate issued by the Municipal Corporation, permitting an applicant to carry out a particular trade/business which is indicated in its application.In Delhi, Municipal Corporation of Delhi (MCD) is authorized to issue the trade license.
Trade License is required to protect businesses from damages or injuries that occur the business actions or doings. The various types of trade licenses provide different kinds of protection. It ensures that the person is not carrying out any unethical business practices. A license protects the owner of the business against certain types of liability.
Every state has slightly differing Rules & Regulations for the application of license, and as such the list of documents required tends to vary from State to State. However, a general list is given for reference (illustrative).
- Application in the prescribed format
- Address Proof And Identity Proof- Individual.
- Affidavit.
- Certificate of Incorporation/Partnership Deed.
- Canceled Cheque and Bank Statement.
- Rental Agreement (in case the premises are rented, otherwise, proof of ownership).
- Consent letter from the owner of the place of business.
- Latest Municipality Property Tax Receipt.
- Address proof of directors.
- PAN of the entity.
- NOC from the land-owning agencies etc.
- A certified layout plan of your trade building showing the business, working areas, etc.
- Sanction Plan.
- Occupancy Certificate.
- AAddress Proof and Identity Proof.
- Original License Copy.
- Old receipt.
- Application for renewal of a license.
Documents required for a duplicate trade license:
Startup India has changed the procedure of registration since its inception. It has exempted most of the previous requirements now. Many documents which were required to be filed previously are waived off. The list of documents that are not required to be filed at the time of the registration are-
- First Information Report (FIR)
- Indemnity Bond in the prescribed format
Consult us now for our service, and we shall get back to you after mining through the applicable regulations and let you know which documents you need for a trade license in your State!
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