We provide Trade License in Patna Bihar, Trade renewal services in Patna Bihar. Trade license is a type of proprietorship registration. Every shop, establishment, restaurants, hotels, schools etc which runs within the limits of Municipal corporation, have to get trade license. Trade license is monitor and regulated by state government. We will give you all important information about Trade license registration in this article in brief.
Trade License means, registration under rules and regulation of Municipal Corporation. Trade license is permission issued by Municipal Corporation to carry business at a particular place. Rules and regulation of Trade license registration is varies from state to state. Trade license does not include ownership of property. Trade license application must be made within 30 days of starting or operating a business within limits of any municipal corporation. Trade license is important to regulate the trade to ensure that citizens are not adversely affected by health hazards & nuisance due to improper carrying of a trade. All the rules and regulation of the Trade license is laid down by State Government to control and regulate the trade within city. Trade license once issued requires renewal on annual basis. To obtain trade license, the applicant must first know the jurisdiction under which there business is operating. Commissioner of the municipal corporation grants the license. In Patna Trade license is not issued by Municipal Corporation because their bylaws is not ready. So business entities get registration under Shop & establishment Act (Called Form 3). Business entities like hotels, restaurants, shops, school, coaching institutions etc have to get registration and permission from Municipal Corporation. Without permission any business activity is runs under the jurisdiction of Municipal Corporation is illegal and penalty is imposed on business entities by department.
Advantage of taking Trade License:
- Provides legal protection to business.
- Increase brand value.
- Easy to start business.
- Low tax rate.
- Less compliance.
- Saving from penalties.
- Easy to maintain.
- Easy to close business activity.
Documents required for getting Trade license:
- Pan Card of applicant.
- Adhar card of applicant.
- In case of company Incorporation certificate, MOA, AOA, Pan card etc,
- Rent agreement.
- Electricity bill.
- Details of office premises.
- Photograph of applicant.
- Work details.
- Contact number.
- Photograph of Office board.
Procedure of getting Trade license:
- Documents preparation.
- Online filing of application.
- Fee payment.
- Certificate generated by department.
- Documents send to department.
In Patna, patna municipal corporation does not bye laws governing issue of trade license in Patna, therefore in place of Trade license, Shop & establishment Act license is applicable. All business entities have to get registration under shop act. So it is good for your business. We will do your work. Send us all documents with sign through emails. No need to visit our office. You can pay our fee online.