A trade license (certificate of enlistment) is a legal document that gives an applicant (especially, a person looking to start a business) permission to start a specific trade or business in a specific area. It ensures that the trade or business is carried out under all relevant state and local safety regulations. In addition, the license holder does not acquire property ownership.

The Purpose of the Trade License –

The Trade license was established nearly 40 years ago and is governed by the Municipal Corporation Act. The Indian government has made the Trade License a requirement to conduct any business or trade in a particular locality and to ensure that no one is leveraging unethical business practices. It also aims to protect the public from health risks associated with any trade.

The license requires business owners to follow the underlying guidelines and aims to continue the businesses legally and without any hassle.

Benefits of a Trade License –

• Prevent workers serving the premises from being exploited.
• Implement necessary safety measures to prevent fire-related accidents.
• Require businesses to use fair trade practices and protect everyone’s interests.
• Protect consumers from illegal trade activities; thus extending the company’s goodwill over time.
• Support business expansion and significantly boost credibility.

Common Documents Needed to Get a Trade License –

• The list that follows contains all of the necessary documents for getting a trade license:
• Businesses address proof
• Applicant’s identity proof; for example, an Aadhaar card
• The permanent Account Number is the applicant’s identification number (PAN) in case of a sole proprietorship or the company’s PAN.
• Property tax receipts (the most recent ones) if the business location is owned; otherwise, the real owner will issue a lease document or permission letter where the business is registered.
• MoA stands for Memorandum of Association in the case of companies.
• Incorporation certification in the case of companies.
• Certificate of no objection, or NOC, issued by nearby property owners
• Certified Site or floor plan

Procedures for Obtaining a Trade License Online –

• Registration of Documents
• Upload of Document
• Unique Application Number
• Fees Payment
• Issue Of The License Number

Since the certificate of enlistment is not valid for life, it must be renewed on a regular basis and we handle those things for our clients. By providing unparalleled support to our esteemed clients across India, we assist businesses in their growth in the licensing industry.