GNIDA
Trade License
It is issued by the licensing department of the municipal corporation in various departments like industries, engineering, health etc.
TYPES OF TRADE LICENSE
Shop license: This license is required for anyone who wants to open a shop. The shop can be of any retail type.
Industrial license: This type of license is required for any company that wants to open a small or mid-sized industrial unit.
Food establishment license: Any establishment that plans on getting into the food and beverage industry requires this license. The license applies to restaurants, cafes, meat shops, bakeries and vegetable shops.
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Table of Content
Overview
Every business organization requires a trade license from regulators, be it the municipal corporation or the state government to do business. Trade License is a document that gives permission and certifies the applicant to carry on a particular trade or business for which it is issued. Trade license has been made necessary by the government to ensure that no one is carrying out any unethical business practices. The enterprise that obtains the license must adhere to the laid down rules and regulations of the authority. The trade license also affirms that the business is not practising any unethical methods that may potentially harm people living in the defined locality/area.
Frequently Asked Question
If for any reason you are denied a Trade License, you can submit a petition to the Standing Committee with a copy of your denial letter
Yes, the government has made it a mandatory requirement to renew this license every year. Failing to do so, can attract a penalty or a fine.
Trade licenses are mainly required for establishments like hotels, restaurants, canteen, food stall, manufacturing industries, cyber café, etc. while Shop Establishment is required for every shop and commercial establishment who is doing business or providing any services.
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