What is Trade License?
A Trade License is a document/certificate that gives permission to the applicant (person seeking to open a business) to commence a particular trade or business in a particular area/location.
It ensured that the business or trade is carried by adhering to all the standards of safety as issued by State Municipal Corporation. It protects the residents from being affected by any health hazards.
However, the license does not allow the holder to carry out any other trade or business than for it is issued. Furthermore, this license does not pass on any kind of property ownership to the holder of the license.
Why this License is Required?
Trade license, which is regulated by the different state governments, is issued to certify that the business in question is being conducted in accordance with the relevant rules, standards and safety guidelines, thereby ensuring that the residents are not affected by health hazards, and the nuisance brought forth by the improper and illegal conduct of trade. Any business or trade pursued without obtaining the same could be slapped with penalties and/or prosecution of the highest order.
Who can get Trade License?
Document Required for Trade License
Role of Shamkris and Process of Trade License
Shamkris adopts a results-oriented approach to compliance with mandatory licence requirements in the organization. A simple and guidance methodology help organisation to achieve licence in a timely manner and cost-effective. Shamkris support 100% in advisory, Guidance, Compliance with respect to license requirements to obtain approval.
The License process described below:
Advisory for the document required
Preparation of documents as per application & list of documents.
Inspection by the department if required
Yearly Compliance if Applicable
Renewal when due
Who can issue the Trade License?
A trade license is a document/certificate that gives the permission to the applicant (person seeking to open a business) to commence a particular trade or business in a particular area/location. However, the license does not allow the holder to any other trade or business than for it is issued.
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.
A trade license is a document or certificate that permits the applicant to start a particular trade or business in a particular area/location. Furthermore, this license does not pass on any sort of property ownership to the holder of the license.