- Application in the prescribed Form
- If the applicant is any Firm, LLP or a Company, their PAN Card, along with the incorporation certificate
- In the case of an individual applicant, his/her Aadhaar Card is mandatory.
- Latest Municipality Property Tax Payment Receipt.
- Lease documents or consent letter from the owner of the property.
- NOC from your immediate neighbor.
- A certified layout plan of your trade building showing the business, working or washing or resting areas: Katha extract, Katha certificate, Sanction plan, Occupancy certificate (OC).
Documents of Proprietor
- Colored Photo of Proprietor
- Aadhar Card of Proprietor
- Mobile Number of Proprietor
- Email ID of Proprietor
Case A: Premises/building owned by proprietor:
- Electricity Bill / Property Tax Receipt/Sale Deed
- NOC (No Objection Certificate)/Consent Letter
Case B: Premises/building on Rent/Lease:
- Electricity Bill / Property Tax Receipt
- Rent Agreement / Lease Deed
It’s a well-known fact that a trade license is compulsory for all the businesses generating revenue through their product and services. Such a license gives the customers assurance that the organization is a law-abiding entity committed to ethical business practices. Also, this license increases the visibility of the entity within the market in which it is operating. Consequently, this would let the entity establish trust among its target consumer over time.
Increasing entity goodwill is another blissful benefit of a trade license. There are still many business owners out there who are willing the put compliances out of the equation just to gain extra profit. Keep in mind that this might render some short-term benefits to such business owners, but they might struggle to survive in the long run. Whereas, entities with trade license have a high chance of focusing on their core competencies, and garnering the targeted customers’ trust.
Authenticity and credibility is something that you can’t gain overnight. To reap such benefits, an organization has to work in the direction of the law and maintain compliances without the slightest deviation. Such commitments can even help the business secure significant investments from the outside entities that are keen to inject additional funds to reap fiscal benefits.
It is a consistent performance of an activity that takes a longer period of time or an activity which is repeated regularly. It is characterized not only as a daily activity, or activity repeated at the short time intervals but also as an activity carried out at longer time intervals.
Increasing entity goodwill is another blissful benefit of a trade license. There are still many business owners out there who are willing the put compliances out of the equation just to gain extra profit. Keep in mind that this might render some short-term benefits to such business owners, but they might struggle to survive in the long run. Whereas, entities with trade license have a high chance of focusing on their core competencies, and garnering the targeted customers’ trust.
Apparently, business entities that ensure 100% conformity with compliances are less likely to mess up the legal affairs. It would allow them to flourish some seamlessly than unregistered firms. Under no circumstance, the organization would come across legal obligations unless they intentionally bypass the law.
In the definition of this characteristic is not decisive whether the profit was actually achieved and how it will be used. The decisive fact is that the person who performs work wants to achieve profits and its activities aim to this goal. In contrast, the activities where another purpose is monitored objectively and making a profit is out of the question, such as the activities of a purely philanthropic and charitable character, do not fulfill this condition and the legal regime of licensed trade cannot be applied to them.