{"id":14656,"date":"2020-08-11T17:54:49","date_gmt":"2020-08-11T12:24:49","guid":{"rendered":"https:\/\/corpbiz.io\/learning\/?p=14656"},"modified":"2025-02-03T18:38:35","modified_gmt":"2025-02-03T13:08:35","slug":"the-checklist-of-documents-required-for-trade-license-india","status":"publish","type":"post","link":"https:\/\/corpbiz.io\/learning\/the-checklist-of-documents-required-for-trade-license-india\/","title":{"rendered":"Here\u2019s The Checklist Of Documents Required For Trade License"},"content":{"rendered":"\n<p class=\"has-drop-cap\">A trade license is a legal certificate that allows the entities to conduct specific business at a particular location. Businesses and traders compulsorily need to obtain a trade license to conduct their business licenses. Those who have recently laid the foundation of their business can hop on to the respective municipal corporation\u2019s portal and fill the application for a <a href=\"https:\/\/corpbiz.io\/trade-license\" title=\"Trade License\"><strong>trade license<\/strong><\/a>. That particular application would go along with some mandatory documents. In this article, we have provided a checklist of the documents required for trade license. <\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter\"><img decoding=\"async\" width=\"594\" height=\"254\" src=\"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2020\/08\/image-43.png\" alt=\"Documents Required For Trade License\" class=\"wp-image-14657\" srcset=\"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2020\/08\/image-43.png 594w, https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2020\/08\/image-43-300x128.png 300w\" sizes=\"(max-width: 594px) 100vw, 594px\" \/><\/figure><\/div>\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title ez-toc-toggle\" style=\"cursor:pointer\">Page Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/corpbiz.io\/learning\/the-checklist-of-documents-required-for-trade-license-india\/#Documents_required_for_trade_license\" >Documents required for trade license<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/corpbiz.io\/learning\/the-checklist-of-documents-required-for-trade-license-india\/#Filling_up_the_application\" >Filling up the application<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/corpbiz.io\/learning\/the-checklist-of-documents-required-for-trade-license-india\/#What_is_the_Khata_certificate_or_Khata_extract\" >What is the Khata certificate or Khata extract?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/corpbiz.io\/learning\/the-checklist-of-documents-required-for-trade-license-india\/#Occupancy_certificate\" >Occupancy certificate<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/corpbiz.io\/learning\/the-checklist-of-documents-required-for-trade-license-india\/#Key_pointers_regarding_the_documentation_for_the_trade_license\" >Key pointers regarding the documentation for the trade license<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/corpbiz.io\/learning\/the-checklist-of-documents-required-for-trade-license-india\/#Conclusion\" >Conclusion<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Documents_required_for_trade_license\"><\/span>Documents required for trade license<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul>\n<li>Pan Card of the business owner<\/li>\n\n\n\n<li>Bank details such as a bank\nstatement and Canceled Cheque related to the establishment. <\/li>\n\n\n\n<li>Applicants seeking trade\nlicenses for LLP need to provide Incorporation certification, Article to\nassociation (AOA), Memorandum of association (MOA). <\/li>\n\n\n\n<li>Proof regarding the property on\nwhich the owner is pursuing the business activities such as utility bill (water\nbill and electricity bill) and Sale agreements. <\/li>\n\n\n\n<li>Lease agreement in case of a\nrented property. <\/li>\n\n\n\n<li>No objection certification from\nthe person who owns the property.<\/li>\n\n\n\n<li>Identification proof of all the\ndirectors.<\/li>\n\n\n\n<li>Recent photograph Address proof\nof all the Directors. <\/li>\n\n\n\n<li>Front end photograph of the\nbusiness premises and the products traded by the owner. <\/li>\n\n\n\n<li>Tax receipt of the property.<\/li>\n\n\n\n<li>Occupancy certificate<\/li>\n\n\n\n<li>Khata extract and Khata\ncertificate (in case if the business premises is located in the state of\nKarnataka). <\/li>\n<\/ul>\n\n\n\n<p><strong><em>Once you arrange all these documents, make sure to scan and save them on your system. You would require uploading the softcopy of these documents on the online portal once you fill up the application. <\/em><\/strong><\/p>\n\n\n\n<p class=\"text-left\"><b>Read our article<\/b>:<mark style=\"background: #fffd03 !important;\"><a href=\"https:\/\/corpbiz.io\/learning\/7-proven-benefits-of-a-trade-license-in-india\/\">7 Proven Benefits of a Trade License That worth Your Attention<\/a><\/mark><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Documentation required for trade license renewal <\/h3>\n\n\n\n<p>If your trade license has been expired, you\ncan renew it by submitting an online application and a given list of documents.\nKeep in mind that you may have to address some financial penalties in case of\nthe delay of renewal. <\/p>\n\n\n\n<ul>\n<li>Copy of the recently expired\nTrade license<\/li>\n\n\n\n<li>Applicant\u2019s address proof along\nwith identification proof.<\/li>\n\n\n\n<li>Receipt for Property Tax<\/li>\n\n\n\n<li>Application regarding trade license renewal. <\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Documents for obtaining a duplicate license<\/h3>\n\n\n\n<p>There are instances when business owners\nmisplaced their trade license and struggle to regain it from the authority.\nThis usually happens when an applicant fails to uploads the correct\ndocumentation against the application for the issuance of a duplicate license.\nNonetheless, the applicant needs to furnish the following documents for the\nretrieval of the license. <\/p>\n\n\n\n<ul>\n<li>FIR copy of the lost trade\nlicense. <\/li>\n\n\n\n<li>Declaration of Compensation in\nthe prescribed format.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Filling_up_the_application\"><\/span>Filling up the application <span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong><em>The application for trade license contains several mandatory fields which are as follow: <\/em><\/strong><\/p>\n\n\n\n<ul>\n<li>Name of the applicant. <\/li>\n\n\n\n<li>The full address of the applicant, along with the perimeter. <\/li>\n\n\n\n<li>Name of the establishment <\/li>\n\n\n\n<li>The purpose for which the applicant wants to avail trade license.<\/li>\n\n\n\n<li>Establishment\u2019s address along with the <strong><em>PIN code<\/em><\/strong><sup><a href=\"https:\/\/en.wikipedia.org\/wiki\/Postal_Index_Number\"><strong><em>[1]<\/em><\/strong><\/a><\/sup>. <\/li>\n\n\n\n<li>The contact number of the owner <\/li>\n\n\n\n<li>Occupancy detail of the business premises.<\/li>\n\n\n\n<li>Type of business the owner is dealing with. <\/li>\n\n\n\n<li>Category of items applicant trading from the business premises.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_the_Khata_certificate_or_Khata_extract\"><\/span>What is the Khata certificate or Khata extract? <span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">Khata Certificate<\/h3>\n\n\n\n<p>The Khata certificate is just a legal document that identifies the property\u2019s owner. Hence, it is sort of evidence that authenticates the ownership of the particular person on the specific property. The Khata certificate is more or less identical to other registration certifications often used for declaration of ownership. <\/p>\n\n\n\n<p>Since it is an extremely vital document, the owner has to take good care of it. Any negligence in this aspect could lead you to legal trouble. Khata certificate plays a crucial role in selling or buying the property. If you don\u2019t possess this basic certificate, there is no way you can prove your property ownership. <\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Khata Extract<\/h3>\n\n\n\n<p>Khata extract provides a briefing of the\nproperty\u2019s detail, such as the floor area, location, and built-up area of the\nproperty, annual value, and purpose of utilization. This means Khata extract\nprovides the assessment of the property.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Occupancy_certificate\"><\/span>Occupancy certificate<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Occupancy certificate is a legal document\nprovided by the civic authority, ensuring that premise is built under the\nprovision of the applicable law and building\u2019s code. The occupancy certificate,\ngenerally furnished by the builder to the owner, after the completion of the\nconstruction.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Key_pointers_regarding_the_documentation_for_the_trade_license\"><\/span>Key pointers regarding the documentation for the trade license<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul>\n<li>The person who belongs to the\nKarnataka region needs to furnish the copy of Khata registration, and Khata\nextracts to the civic authority for obtaining a trade license. <\/li>\n\n\n\n<li>Issuance of trade license is\nmainly done by the municipal corporation of the respective states. <\/li>\n\n\n\n<li>Authority in the metropolitan\ncities generally takes 7 -10 days to complete the trade license application\nassessment. Upon approval, the downloadable version of the trade license is\nupload by the authority on its online portal.<\/li>\n\n\n\n<li>In the case of missing trade\nlicense, the applicant needs to file an FIR in the nearest police station and\nforward a copy of the same to the respective civic authority. <\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Trade license transforms the existing establishments into a legal entity. After obtaining this license, entities can continue its business operation without any legal hassles. However, to avail such benefits, businesses have to maintain harmony with relevant compliances.<\/p>\n\n\n\n<p>Keep in mind that unethical practices in trading are prohibited under a trade license. The offenders that involve in the violation of trading compliances have to confront stringent penal provisions. The authority can even shut down the business operation of the establishment in the worst-case scenario. <\/p>\n\n\n\n<p class=\"text-left\"><b>Read our article<\/b>:<mark style=\"background: #fffd03 !important;\"><a href=\"https:\/\/corpbiz.io\/learning\/how-to-apply-trade-license-online-india\/\">Step By Step Guide For How to Apply Trade License Online<\/a><\/mark><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A trade license is a legal certificate that allows the entities to conduct specific business at a particular location. Businesses and traders compulsorily need to obtain a trade license to conduct their business licenses. Those who have recently laid the foundation of their business can hop on to the respective municipal corporation\u2019s portal and fill [&hellip;]<\/p>\n","protected":false},"author":22,"featured_media":14658,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[232],"tags":[864],"acf":{"service_id":"89"},"authorName":"Pankaj Tyagi","authorImageUrl":"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2022\/01\/MicrosoftTeams-image-42.jpg","authorDescription":"Pankaj has a diverse experience of writing research papers, blog, and articles during his college time. Earlier, he was working as a tax consultant in a financial firm, but his interest in writing drives him to pursue a career in the writing field.","postViews":15912,"readingTime":4,"_links":{"self":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/14656"}],"collection":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/comments?post=14656"}],"version-history":[{"count":7,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/14656\/revisions"}],"predecessor-version":[{"id":68612,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/14656\/revisions\/68612"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media\/14658"}],"wp:attachment":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media?parent=14656"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/categories?post=14656"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/tags?post=14656"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}