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Trade License is the legal document issued by the local municipality, which gives authorization to a person to commence business operations
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8929096328 Trade License
Overview Nowadays, every business must obtain a Trade License for commencing its business operations. It is issued either by the State Government or by respective Municipal Corporation. It acts as permission for the business to carry out its functions and business activities. However, this license does not confer any other right on the applicant than the one specified.
Who has the Authority to Regulate Trade License? The State Governments have the ultimate authority to regulate and administer the Trade License issued to a business. The same is done with the assistance of the Municipal Corporation of that respective area.
What are the Different Categories of Trade License?
What is the Validity Period of a Trade License? The Trade License issued to a business entity remains valid for one year. After that, the same license is needed to be timely renewed for carrying on business activities.
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