Bizigo

Trade license registration Packages

ESSENTIAL

₹ 7199/- (All Inclusive)
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  • 2 Digital Signature Certificates
  • 2 Director Identification Numbers
  • 1 Name Approval Application
  • Stamp duty on INR 1 Lakh Authorized Capital
  • Company Incorporation using SPICe+
  • Copy of e-MOA & e-AOA
  • e-PAN
  • e-TAN
  • 2 e-copies of Share Certificates
  • ESIC Registration through SPICe Plus
  • PF Registration through SPICe Plus
  • Bank Account opening (feature) through SPICe Plus

ENHANCED

₹ 9999/- (All Inclusive)
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Popular
  • ESSENTIAL +
  • GST Registration
  • INC-20A Filing

ULTIMATE

₹ 25999/- (All Inclusive)
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  • ENHANCED +
  • SSI/MSME Registration
  • Trademark (1 application 1 class) (start ups, proprietorship & small business)
  • 1st Income Tax filing upto turnover of Rs. 20 Lakhs
  • 1 Year TDS Filing upto 500 entries
  • 25 Copies of MOA
  • 25 Copies Of AOA
  • 10 Copies of Share Certificate
  • Company Seal

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Trade license registration India

A trade license is a legal document that is required by the relevant state governments in India. It is an essential step for any person or entity who wishes to conduct business activities in the country.A trade license ensures that the business operates within the legal system, adheres to ethical standards, and contributes to the development of the economy of the country. There are several steps in the process of getting a trade license, and each step involves following specific guidelines.
The fee structure for getting a trade license differs from state to state. It depends on the type of business, size of establishment, and duration of the license. Fees are usually paid at the time the application is filed.Getting a trade license is not just a legal requirement, but also a means to build credibility and trust with customers and other stakeholders. It shows that the business is committed to operating within the legal system and contributing to the development of India’s economy.

Who are eligible for registering trade license?

Various individuals and entities are eligible to apply for registering a trade license in India. The eligibility criteria may vary slightly depending on the specific state or city where the business is being established. Here are some common categories of applicants who can apply for a trade license:

Sole Proprietorship

Individuals who are operating a business as sole proprietors are eligible to apply for a trade license.

Partnership Firms

Partnerships consisting of two or more individuals can apply for a trade license. All the partners will collectively be responsible for obtaining the license.

Private Limited Companies

Private limited companies, which are separate legal entities, can apply for a trade license.

Public Limited Companies

Public limited companies, similar to private limited companies, are eligible to apply for a trade license. The directors and shareholders of the company are responsible for the application process.

Limited Liability Partnerships (LLPs)

LLPs, which are hybrid entities combining features of both partnerships and companies, can apply for a trade license.

Detailed Procedure

The procedure for registering a trade license may vary depending on the specific state or city in India where the business is being established. However, here is a general overview of the steps involved in registering a trade license:
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Determine the Applicable Authority
Figure out which state or city regulates trade licenses. It's usually the Municipal Corporation (MCC) or Department of Industries (DOI). Check out their website or get in touch with them directly to find out how to register, what documents are required, and any special instructions.
Gather Required Documents
Prepare the necessary documents for the trade license application. These typically include:- Proof of identity (such as PAN card, Aadhaar card, or passport) - Proof of address (such as electricity bill, lease agreement, or property tax receipt) - Passport-size photographs - Ownership documents of the premises (such as property deed or rent agreement) - Partnership deed (for partnership firms) or Memorandum and Articles of Association (for companies) - Any other industry-specific licenses or certificates (if applicable)
Complete the Application Form
Get the application form for your trade license from your local authority’s office or on their website. Make sure you complete the form correctly and include all the information you need, such as your business name, your address, the nature of your business, and your ownership structure.
Submit the Application
Fill out the application form and submit it to the local authority’s office. Make sure all necessary documents are signed and dated. Pay the required application fee. Fees vary by state and type of business..
Verification and Inspection
Once you’ve submitted your application, your local authority will inspect your paperwork and may carry out a site inspection to make sure you meet safety standards, zoning regulations, and other relevant requirements.
Issuance of Trade License
If the application is approved and all conditions are met, the trade license is issued by the local government. Trade licenses are usually issued for a set period of time, after which they must be renewed.

Documents Checklist

The specific documents required for the registration of a trade license may vary depending on the state or city in India where the business is being established. However, here is a list of common documents that are typically required:

Identity Proof

Documents that establish the identity of the applicant, such as
  • PAN card
  • Aadhaar card
  • Passport
  • Voter ID card
  • Driving license

Address Proof

Documents that prove the address of the business premises, such as
  • Electricity bill
  • Property tax receipt
  • Rent agreement
  • Lease deed

Passport-size Photographs

  • Recent passport-sized photographs of the applicant(s) or authorized signatories.

Ownership Proof

Documents that establish ownership or occupancy rights of the business premises, such as:
  • Property deed
  • Lease agreement
  • Rent receipts
  • No-objection certificate (NOC) from the landlord (if applicable)

Partnership Deed or Memorandum and Articles of Association

Partnership firms need to provide a partnership deed, while companies need to submit the Memorandum and Articles of Association (MOA/AOA) as per the respective business structure.

Incorporation Certificate

For companies, the incorporation certificate issued by the Registrar of Companies (RoC) needs to be provided.

NOCs and Clearances

Depending on the nature of the business, certain NOCs (No-Objection Certificates) and clearances may be required from specific authorities.

Merits of Trade license

Legal compliance

Signing up for a trade license guarantees that your business is operating within the legal framework set by the government. This shows that you are committed to following the rules and regulations that govern your business.

Trust and confidence

Having a trade license increases your business’ credibility and confidence among customers, suppliers and stakeholders. It shows that your company is legitimate, trustworthy and transparent.

Government programs and benefits

Some government programs, subsidies, grants and incentives are only available to businesses that have a trade license. Having a trade license allows you to participate in these government programs and benefits.

Opening bank accounts and obtaining loans

Most banks and financial institutions require businesses to show valid licenses and permits when opening a bank account or applying for a loan. Registration for a trade license makes these processes easier.

Intellectual property protection

In some cases, having a trade license may help protect your intellectual property. It provides legal proof that your business exists, which can be beneficial in protecting your trademarks, copyrights and patents related to your products or services.

FAQ's

Any individual or entity planning to engage in commercial activities in India is required to register for a trade license. This includes sole proprietors, partnerships, private limited companies, public limited companies, and limited liability partnerships (LLPs).
The process for applying for a trade license may vary across different states and cities in India. Generally, you need to gather the required documents, including proof of identity, address proof, photographs, and ownership documents. Complete the application form and submit it along with the necessary documents to the local authority responsible for issuing trade licenses.
The specific documents required may vary depending on the state or city. However, common documents include proof of identity, address proof, photographs, ownership proof of the business premises, partnership deed or Memorandum and Articles of Association (MOA/AOA), incorporation certificate (for companies), and any industry-specific licenses or clearances.
Yes, there are specific regulations and guidelines that vary across different states and industries in India. These may include compliance with safety standards, environmental regulations, labor laws, and industry-specific requirements. It is advisable to consult the local authority or seek professional advice to understand and comply with the specific regulations applicable to your business.
The validity period of a trade license may vary across states and is usually specified by the local authority. It can range from one to several years. It is important to renew the license before it expires to ensure continued legal compliance.
No, it is illegal to operate a business without a valid trade license in India. Non-compliance can result in penalties, fines, and legal consequences. It is essential to obtain the necessary licenses and permits to ensure legal compliance and establish a credible and trustworthy business.
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