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Trade License
Trade License
Why Trade Licence?
Why is a trade licence required to start a business operation? This is a critical question you need to know the answer to before we move further. Switching back forty years, the Government had issued restrictions for conducting specific types of enterprises. After some time, the Government consulted businesses and started issuing trade licences. Today, businesses use this type of licence to carry out a specified business and trade related activity. The authorities will only give these permits to individuals in order to allow them to engage in specific business activities within a specific geographical area. For a certain state to allow enterprises to conduct their operations throughout the state, the State Government has to issue a licence.
This licence is a necessary and mandatory document provided by a certain Municipality/State Government. Companies are allowed to carry out specified operations in a defined region. These licences are also supplied to verify the company to determine whether they are operating in accordance with the law.
Who Can Issue a Trade Licence?
The Municipality Corporation’s licensing department and the State Government in some cases grant the trading licence in several areas such as manufacturing, construction, healthcare, and so on. The Indian Government authorises the licence in order to stabilise the business activities around the country. Based on the location of the industry on records, it provides authority to conduct any trading or business. The issuance of the licence varies by state, based on the rules and regulations of the local municipal authorities.
Eligibility for Applying for Trade License
To be able to qualify for this license, the candidate must meet the following requirements:
- The candidate or person had to be a major. This indicates that the candidate must be over the age of eighteen.
- There should be no arrests or criminal history on the individual’s record.
- The individual’s organization must not have been in violation of any current laws.
Documents Required to Apply for Trade License
- License Application Form
- If the candidate is a business entity, then they have to supply the PAN card together with the relevant company incorporation paperwork.
- Individual applicants must provide critical credentials such as their Aadhaar card.
- Documentation pertaining to the property’s taxation.
- It is necessary to produce a rental contract if any. Copies of the leasing agreement must be produced with the application.
- Documents of Residence
- In the event that the company is situated in a residential neighborhood, you must acquire a letter of no objection from the authorities of the neighborhood.
- Papers of Sanctions, if any.
Trade license registration in Tamil Nadu can be obtained within 7-15 working days subject to the submission of documents by the applicant.
E-TAX HUB INDIA can help you obtain a trade license in Tamil Nadu for your business online. Connect with our consultant to know more about the rules and regulations that will apply to your business and begin the process.
