TRADE LICENSE

TRADE LICENSE

Trade License registration was initially started 40 years ago in India.

A trade license is simply a license or certificate that permits the applicant (person seeking to open a business) to start a business or trade. The license is issued by the state.

The trade license allows the applicant to open a business in a specific location. The applicant must ensure that the business is conducted under the licensing requirements.

Eligibility for the trade license

The applicant should be more than 18 years old with no criminal record. The business should be lawfully permissible.

Documentation for the trade license registration–

  1. Property Tax Document
  2. Aadhaar Card
  3. Lease Agreement
  4. Pan Card
  5. Occupancy Documents
  6. Sanction Documents
  7. Address Proof
  8. Cancelled Cheque

 

Types of trade license-

Industries license: small, medium, and large-scale manufacturing factories

Shop license: Firewood shops, cracker manufacturer shops, candle manufacturer shops, barbershops, laundry

Food establishment license: Restaurants, hotels, food stalls, canteen, the sale of meat & vegetables, bakeries.

Benefits of trade license

The trade license creates harmony in the society that every business is following relevant rules, guidelines and It improves credibility and discourages the unethical practice.

The trade licenses are renewed from January 1st to March 31s every year in India.

Digital Signature Certificate

Let’s understand DSC

Digital Signature Certificate is a form of pen drive where you need to verify yourself in an electronic format even if you are not available for signing important documents in an online way. The website is

Advantages of DSC:

  1. Document authenticity
  2. The sender of the message is
  3. Message cannot be
  4. Versatile: as compared to the traditional
  5. No false
  6. Available only with the
  7. Require permission from the owner before
  8. Unique digital identity
  9. Agreements and transactions once signed on paper are electronically
  10. Different person different algorithm
  11. Trusted service provider provides
  12. Same value as hand signatures
  13. Saves time
  14. Better customer experience
  15. Legal validity which consists of PIN and
  16. DSC once prepared can be used for the
  17. Business efficiency

 

Documents required for class 3 DSC-

  1. Aadhar Card Pan Card
  2. Passport Size Picture
  3. Email I’d
  4. Contact Number

 

To Complete your DSC process you have to complete a video & OTP Verification.

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