A trade license is a document or a certificate that is required to commence with a trade or business in a specific area or a location. The license holder cannot use the trade license for any other work or business. A business that is registered within a state, corporation, or municipality is required to obtain the Trade license registration from the concerned state or the government to start with the business. To obtain the trade license registration in Punjab the applicant has to first understand the jurisdiction under which they are operating the business and the applicable acts.
The trade registration in Punjab is to be obtained within 30 days of starting the business. It takes around 7 to 15 days to issue the license after the submission of the relevant documents. The application is granted or renewed by the commissioner in the corporation in the case of most of the states.
An application for the trade license can be made by the applicant online all he needs to do is submit the following documents to the concerned municipal authorities:
The trade license registration in Punjab is issued by the various departments of the municipal cor[poration like the industries, engineering, health, etc. The issuance of the license differs from state to state and is dependent on the local government agencies.
There are various provisions, rules, and regulations that need to be followed by a person who is registered if in case the applicant is also failing to comply with the registration requirement of the trade license. The license is to be obtained before the trade activity is commenced. Legal action is also taken against a defaulter.
A trade License becomes a necessity while carrying a business talk to our experts today.