TRADE LICENSE

TRADE LICENSE- A business license allows you to establish a particular business in a specified area. The license also ensures that your business and the business premises meet all of the building regulations, public safety and health requirements. Trading without a valid license is a punishable offense

BUSINESSES THAT REQUIRED TRADE LICENSE

Trade license is a must for all the commercial business that fall under these categories -

• A restaurant, hotel, eating house, a café or any other refreshing house
• A cinema, theatre or any other place of public entertainment
• An establishment or administrative service on which person employed.

WHY TRADE LICENSE REQUIRED?

To ensure that the person is not carrying out any unethical business practice and following the relevant rules regulation, safety measures and guidelines the government has made is necessary to obtain a trade license. It also protects the owner of the business against certain liability. There is various type of business licenses that offer a different level of protection.

REQUIRED DOCUMENTS-

For obtaining Trade license these are the important document furnished by the applicant at the time of submitting the application for trade license-

• Address proof and identity proof of the individual.
• Certificate of the incorporation, AOA and MOA of the company.
• Affidavit.
• Canceled cheque and the bank statement.
• Legal occupancy document proof of the establishment or allotment letter of the government agency.
• Document proof for the establishment of trade.
• Lease deed of the constitution.
• Documentary proof for non- existence of unauthorized construction.
• No objection certificate from the land-owning agency.