Trade License has introduced in India 40 years ago.
Trade license is the way to regulate specific business from a particular locality. It is issued by the State Government. A trade license is a permission to carry on a specific trade or business at the premises for which it has been issued.
It does not assures any kind of property ownership and not even allowed to do any other business rather than for which it is issued. It is made necessary for an individual to register this his new business and get a Online trade license for it.
The major objective of the trade licence is to reduce the people from making their residential area as their business location. The application must be made within 30 days of commencement of business.