To apply for a trade license, the applicant must make an application and submit the following documents to the concerned municipal authorities.
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Trade license and trademark registration.
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Trade license and LLP registration.
The trade license is issued by the various departments of the municipal corporations like industries, engineering, health, etc.
The government of India authorizes the licenses in a manner to regulate in cities across the country. The license issuance differs from state to state depending on the local government agencies (Municipals) rules and regulations.
Trade license is referred to as Gumasta License in the state of Maharashtra. Trade Licenses are known by different names in the other parts of the country.
Trade License registration application must be made to the concerned state government or corporation, or municipality. The procedure for the application would differ based on the state regulations.
In some states, the trade license is issued only in person after the verification from the concerned authorities.
It takes around 10-15 days, subject to government processing time. This certificate can be downloaded online after approval.
Trade licenses are issued with a validity of 1 year in most states. Trade licenses can be renewed at the end of each year by paying the renewal fee.
There are various provisions, rules, and regulations required to be followed by a registered person if he fails to comply with the registration requirements of the trade license and commencing any trade activity before the issuance of this license.
Further, legal action can also be taken against the defaulter.
IndiaFilings can help you obtain a trade license for your business. Get in touch with an IndiaFilings Advisor to know more about the rules and regulations applicable for your business and begin the process of applying for a trade license.
Last updated: May 25, 2022