Trade Licence Renewal

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Trade license is a permission granted by the municipal corporation of the specific state to carry on a particular trade or business at a particular premises or to store the articles to be used for a trade or business at a premises. Trade License is regulated by the Municipal Corporation Act for ever state and varies from state to state. This compliance has been established by the Government to regulate the trade to ensure that the citizens are not affected by the hazardous effect of trade activities being carried out by any person.

Key Points:
  1. Trade License is valid for 1 year and the same is required to be renewed periodically to continue carrying out the business operations.
  2. The license is required to be renewed at least 30 days prior to the expiry of the existing license, i.e. which is 31st December of the preceding Calendar year for which the License has been granted/renewed/applied for renewal.
  3. If the license is not renewed within the time frame allowed late fees shall be applicable on the same.
Procedure:
  • Step 1: Application Form: - Fill up the application form available online for the registration.
  • Step 2: Documentation: - Provide the prescribed documents required to be submitted along with the application form.
  • Step 3: Application Submit: - Once the application if complete, it will be filed with the concerned authority along with the prescribed fees depending upon the area in which license is required.
  • Step 4: Trade License: - Once the application is completely verified by the municipal corporation, fresh certificate is issued to the applicant which is valid for a period of another 1 year from the date of issue of the same.