Trade Licence Registration
The concept of the Trade License was introduced in India four decades ago. A Trade License serves as a regulatory measure for specific businesses within designated localities, issued by the State Government. This license grants permission to conduct a particular trade or business at the specified premises. It's essential to note that a Trade License neither confirms property ownership nor permits engagement in activities other than the specified trade. Individuals initiating a new venture must obtain an online trade license to comply with regulations. The primary aim behind the trade license is to prevent individuals from converting residential areas into commercial spaces. Prospective businesses should apply for this license within 30 days of initiating operations.
- A current account is a type of deposit account that helps the professionals and businessmen to run their business. Businessmen can avail various benefits by Online Current Account such as:
1) Unlimited transactions
2) Customized features
3) Online banking services
4) Online current account reduces the hassle and provides the benefit to complete the banking process anytime and anywhere.
- When you have a business license or a trade license you will be liable to enjoy the rights of bragging it.
- It helps to grow the prestige of the firm and attract the customers and investors in it.
- It will help to maintain the personal finance & business finance separately, this process will help you to find the profits and losses in the business.
- If damage or injury were to occur as a result of the business' actions or doings, your personal finances would not be at stake in any settlement; similarly.
- Operating as a licensed business may provide you with access to certain groups that you would be unable to join or participate in if you operate under your personal name. Companies such as the better business bureau, investment groups, and other business-oriented organizations may not permit you to join if your company is not licensed.
- The applicant must be at least 18 years.
- The business needs to be engaged legally.
- There should be no criminal records founded for the applicant.
All Food Serving Premises :
- Hotels, Restaurants, canteens, Malls, theaters, Clubs, bakeries and confectionery shops, Snack shops, Food stalls, Retailers and traders of goods, Daily need stores.
Service Trades :
- Barber shops, Cyber cafes, timber shops, all small medium scale industries, manufacturing units.
Manufacturing Units/ Industries :
- All the Manufacturing and processing units, Small and medium and large scale industries, Cafe’s.
Type A
- For all Food Serving Premises needs this type of license.
Type B
- Manufacturing and processing units where electrical power and machines are used such as milling units.
Type C
- High risk activities such and fireworks manufacturing, timber wood units.
