Know All About Trade License
A Trade License is simply a license or certificate issued by a municipal corporation in order to grant permission to any individual for carrying out any particular business in a defined area or location. A trade license is needed by a business in order to legally carry out various activities. It acts as a document that provides legitimacy to a company and gives it the ability to perform certain actions within the area for which the license was generated. This type of license does not provide any special permission to carry out an activity other than the one it was issued for. The applicant will have to ensure that the business is carried out as per the requirements of the license. Also, this license does not pass on any kind of property ownership to the holder of the license. Trade License has introduced in India 40 years ago and now it is being regulated through municipal corporation acts by the state governments. The key motive behind this is to ensure that the residents are not...