How To Register Trade License?
Obtain a Digital Signature Certificate (DSC).
Step 1
Obtain Director Identification Number (DIN).
Step 2
Prepare MOA and AOA.
Step 3
Trade License
Online Company Registration in India at just Rs. 7,499/- (all inclusive)
A trade license registration is nothing more than a legal certificate or document issued by an authorised state government entity (usually a local municipality). It gives the applicant (a person or party) permission to begin operating a business in a certain area or place. The business that obtains the license is required to abide by the authority's established rules and regulations.
Benefits
Legitimacy
It is a legal document that proves the legitimacy of the business and ensures that it is following all the local laws and regulations
Credibility
It gives the company more credibility and makes it simpler for it to get loans, grants, or other forms of financial aid.
Compliance
It ensures that the business complies with all health and safety regulations, which are essential to protect the public from potential hazards
Avoid Penalties
Without a trade license, a business may face penalties, fines, or even closure.
Revocation
In cases of non-compliance or violation of rules, the concerned authorities may revoke the trade license, which may lead to fines or even closure of the business
Display
Once obtained, the trade license must be displayed at the business location, as it serves as proof of the business's legality
Documentation & Pricing
List of Documents Required For Company Registration
A. Documents of Directors/Shareholder
- The initial business permit,
- All tax receipts that reflect the payments are current,
- Corresponding challans and all the details regarding outstanding amount,
- Memorandum of Association (MoA),
B. Documents For Registered Address
- Proof of Premises: Telephone, Electricity, Water Bill,
- No Objection Certificate (NOC) From Owner,
How to Register?
The Company Registration is a Legal Process, here is the List of Steps that are followed during the process of Private Limited Company Registration in India
Step-1:Article of Association (AoA)
Documentation plays an important role in online company registration in India. Primary documents of all shareholders and directors such as PAN, ID, and address proof are presented along with the proof of registered address of the company. For registered addresses, utility bills such as electricity bills, water bills, or registered address telephone bills are filed with the NOC from the owner of the premises. The list of required documents is provided above the list of documents required for your reference.
Step-2:Certification of trade license
The name of each company should be unique and should not infringe on the name of another company or any other trademark. We assist you by conducting a detailed search in the MCA and trademark database for a possible match to the name. Please refer to our detailed discussion on the name approval guidelines of company name approval guidelines for company registration.
Step-3:Income tax returns
DSC is equivalent to physical or paper signature under the Information Technology Act. For the registration of a company, all applications to the ROC are filed in digital format signed by its proposed director. The filing process of the company registration begins with the issue of a digital signature for the shareholder and director of the company.
Step-4:NOC from fire department
RUN is the name of an online application, to be used to apply for ROC approval for the company's proposed name. The RUN application can be filed with two proposed names of the company in order of preference, with a note on the importance of the name and business activities.
Step-5:Receipts for rent deposit
After approval of the company name, we have to file a formal application for incorporation of the company as SPICE to ROC with appropriate documents as attachments. The documents to be attached to the Spice Form are the company's MOA, AOA, KYC documents of the promoters, and proof of address registered with the NOC from the landlord. The DSC of the promoters is then used to sign the application, which is then forwarded to a Chartered Accountant, Company Secretary, Cost Accountant, or a lawyer practicing in the High Court. The government filing fee for company registration depends on the company's proposed capital.
Step-6:Rent agreement
After verification of the application for company registration, the final stage of company registration is to issue a certificate of incorporation of the company. The issue of registration certificate of the company is the conclusive proof of registration of the company by the ROC.
Step-7:The initial business permit
Nowadays, the issue of PAN number and TAN automatically occurs at the time of incorporation of the company. A separate application is not required. The PAN number and TAN are printed on the certificate of joining, and after company registration, e-PAN and TAN letters are sent via email.
FAQs
-
1. How can I get a trade license in Chennai?
Your application will be reviewed by the Greater Chennai Corporation and you will be issued a trade license if your application is approved. -
2.How can I renew my trade license online in Chennai?
Your renewed trade license will be issued electronically and you will be able to download it from the Greater Chennai Corporation website. -
3.How much does it cost to get a trade license in India?
The cost of getting a trade license in India varies depending on the state and the type of business. Get in touch with our experts to know more. -
4. Is a trade license mandatory in Chennai?
Yes, a trade license is mandatory in Chennai for all businesses that have an annual turnover of ₹1 lakh or more. -
A trade number often refers to a unique identification code or number that is issued by government authorities when a trade license is granted. It helps in tracking and regulating businesses.
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