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Trade License is one of the compulsory registrations to be made to start and conduct your business activities. The Trade license is issued by the State Government. The license is generally issued for 1 year and it can be renewed every year. This license is issued specifically for the trade for which it is applied for. It is a license issued to trade and doesn’t pass on any ownership. There are different categories of trade license: Industries license, shop license, food establishment license.
Registration under trade license enhances the brand image and goodwill of the business. This helps the business to have competitive edge over the other businesses.
Registration under trade license would enable the business to procure financial aid in a faster manner with least documentation.
Obtaining trade license makes the business comply with the requirement of the statute and thus the business is saved from incurring any penalty.
The statutory compliant business attracts investments from various sources.
PAN and Aadhaar card of the applicant.
Passport size photograph of the applicant is required.
Address proof of the business premises along with No objection certificate from the owner.
Sworn Affidavit declaring the nature of trade and where the trade is to function in Rs.20/- non-judicial stamp paper attested by a Notary Public.
Our team of experts would guide you with the set of other documents based on the nature of the business.
The applicant must be 18 years or more for applying trade license.
It will generally take 8-10 days to complete the process.
The documents are to be uploaded in the website www.chennaicorporation.gov.in
Every person engaged in trading activities are required to register.
Yes, with the supporting evidence we can claim for damages.For further queries contact Nsight.
Yes , it can be renewed even after the expiry of time period. For further queries contact our Nsight.