Trade License

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  • Trade License

    A Trade License certificate is a document from the municipality that grants permission to a company to carry on trade or business.
    The license is given if the business complies with certain rules and regulations laid down by the corporation and safety authorities of the state.
    The application should be made 30 days prior to commencement of business to a Commissioner in the Corporation. When applying the business has to submit certain documents.

  • NGO Registration Methods?


    Broadly, NGO Registration in India can be done under the following methods:-

    Trust

    One possible way in which you can register a Non-Government Organisation is by registering it as a trust. This kind of method is used by NGOs who work with eradicating poverty, giving education and providing medical relief. You might want to note that trusts are irrevocable. This means that they cannot change or terminated without the beneficiary's permission.

    Although there is no national law that governs trusts, States like Maharashtra and Gujarat have Public Trust Acts to look into the affairs of NGOs.

    Societies

    Societies can be referred to member-based organizations for charitable purposes. They are run by a governing body or a managing committee.

    Unlike with trusts, all societies come under the preview of Indian law. Societies in India come under the Societies Registration Act, 1860.

    Section 8 Companies

    A Section 8 Company has limited liability and cannot make any profits. It is generally formed for promoting science, art, commerce, charity, religion or any other purpose that is useful to society.

    When compared to Societies and Trusts, Section 8 Companies have more benefit in the sense that they have more legal standing and better credibility among government bodies and donors.

  • Who Can Apply for Trade License


    Anyone can apply for a trade license except those who:

    • Are under the age of 18
    • Have criminal records against them
  • The Different Types of Trade License


    There are three types of trade licenses that a company or individual can apply for based on the type of trade or business they carry out.

    There are three types of trade licenses that a company or individual can apply for based on the type of trade or business they carry out.

    Shop License

    This license is needed for anyone who wants to open a shop. The shop can be of any retail type.

    Industrial License

    This type of license is needed for any company that wants to open an small or mid-sized industrial unit.

    Food Establishment License

    Any establishment that plans on getting into the food and beverage industry needs this license. The license applies to restaurants, cafes, meat shops, bakeries and vegetable shops.

  • Documents Needed


    When applying for a trade license, one need to show the following documents:

    • Form 353 duly filled
    • A letter of consent from owner or neighbour
    • The city survey map of your property
    • Tax receipts
    • A blueprint of the premises incase the business deals with explosives, timber and dangerous goods.
    • Other documents that the Ward Officer may demand at the time of registration.
    • For Renewal, you need the following documents

      In India, trade license renewals take place between January 1st to March 1st. While applying, a person should show the following documents:

      • The original trade license
      • All tax receipts, showing up to date payments
      • Past payment challans
  • Procedure for Trade Registration


    Once you know the type of trade license you need, you should fill up form 353, duly filled with all required details and submit the above mentioned documents to the ward office of your local municipality.
    After you apply, the officer may ask you for additional details, in case he needs more information about your business. If he is satisfied with all the details already sent, he will issue the trade license to you.
    trade license is valid for a year and it takes about 2-3 weeks to get. You will receive your trade license via courier. It is suggested that you make a couple of copies of the license.

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