Trade License Registration

Get your Trade License regisetered in few simple steps !

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What is Trade License?

It is a method of controlling a specific business in a particular locality. It is governed to ensure that the unlawful operation of a trade does not adversely impact the people of Health Danger & Nuisance. Trade licencing is a way of ensuring that the manner and place in which the activity is carried out is in compliance with the applicable laws, regulations and safety guidelines. The requirement of a commercial licence is laid down by the Government of the State to control and regulate trade within a region. It is provided by the municipal corporation of the location where the company is located.

A trade licence shall be a licence to carry out a particular trade or company at the premises for which it has been issued. Any unlawful conduct of commerce is an offence which could result in a monetary penalty and potential prosecution. Business owners must apply for a commercial licence, if applicable in a geographical region, without hesitation. An submission must be submitted prior to the start of the operation. 

Benefits of Trade License

Legal Entity

To get your business considered as a legal entity you need to have a trade license

Growth Opportunity

It will help you to grow the prestige of firm and attract the customers and investors in it.

Easy Maintenance

Easily Maintain the personal & business finance separately, this process will help you to find the profits and losses in the business.

Security

If any damage to occur as a result of the business' actions or doings, your personal finances would not be at stake in any settlement.

Documents Required For Trade License Registration

Form 353

Form 353 Duly Filled

Consent Letter

A letter of consent from the owner of business property

PAN Card

PAN Card of the company and Director

Cheque

Canceled Cheque and bank statement of the Company

Survey Map

City survey map of the business property

Tax Receipts

Tax Receipts of the company

Incorporation Certificate

Certificate of Incorporation, MOA and AOA of the company

Form 16

Colour Photograph, ID Proof and Address Proof of all Directors

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Types of Trade Lisence

The major objective of the trade licence is to reduce the people from making their residential area as their business location.

Type A

All Food Serving Premises needs this type of license

Type B

Manufacturing units where electrical power and machines are used

Type C

High risk activities such and fireworks manufacturing, timber wood units.

Frequently Asked Questions (FAQs)

Indian government has taken various steps to ensure ethical business activities that do not harm business and locality environment. Trade license is one of those steps. It is mandatory for the business to obtain the license to perform their business without any legal disputes.
Trade Iicence is not necessary for GST registration. GST registration can be done independently. Trade licence may be required in your case due to some requirement of another law. Generally trade licence is required from local municipality for starting industrial unit.
In Delhi, Trade License is issued by the Municipal Corporation of Delhi (MCD) to traders and establishments to monitor and regulate the various trade activities at the city level.
 
This helps in ensuring that no one is severally affected by nuisance and health hazard of any trade or business. It has been made necessary by the government to carry out any particular business or trade in a particular area and to ensure that no one is carrying out any unethical business practices.
A trade certificate allows a dealer to receive exemption from registering the motor vehicle owned by the vehicle owner. A dealer cannot sell a motor vehicle to another purchaser without the vehicle’s temporary or permanent registration.

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