We are a Pharma Company in Telangana. We obtained a Factories License from the Department of Factories. The Local Municipality authorities have informed our company to obtain a Trade License. Please clarify whether a Trade License is mandatory despite having a Factories License? Please guide me through this.
From India, Hyderabad
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From India, Hyderabad
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Factory License and Trade License Requirements
If you are manufacturing a product and running a factory for manufacturing purposes, you may require permission from the Inspectorate of Factories in the form of a license, which is called a Factory license.
What is a Trade License?
A trade license is a document/certificate that grants permission to the applicant (the person seeking to open a business) to start a specific trade or business in a particular area/location. However, the license does not permit the holder to engage in any other trade or business apart from the one for which it was issued.
From India, Aizawl
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651If you are manufacturing a product and running a factory for manufacturing purposes, you may require permission from the Inspectorate of Factories in the form of a license, which is called a Factory license.
What is a Trade License?
A trade license is a document/certificate that grants permission to the applicant (the person seeking to open a business) to start a specific trade or business in a particular area/location. However, the license does not permit the holder to engage in any other trade or business apart from the one for which it was issued.
From India, Aizawl
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Dear Mr. Nair Sir, Thank you for educating me on this. So, is it mandatory to take a trade license? I already have Factory License.
From India, Hyderabad
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From India, Hyderabad
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You may obtain information, if need be under RTI Act, as to the law under which the licence is required.
From India, Kochi
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From India, Kochi
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Understanding Trade and Factory Licenses
Trade license is the primary document used to identify any establishment by name and address. It is issued by the local municipal body in urban areas and by the panchayat in rural areas. This tax is collected by the municipal body for the use of premises for commercial purposes and disposal of waste from such establishments. All establishments engaged in any type of commercial activity must obtain a trade license, as it serves as the primary proof of the existence of the establishment.
Factory License Requirements
On the other hand, a factory license is required for establishments where 10 or more persons work in a location where electrical power is utilized. Not all trade license holders may have a factory license, but all factory license owners must obtain a trade license.
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Trade license is the primary document used to identify any establishment by name and address. It is issued by the local municipal body in urban areas and by the panchayat in rural areas. This tax is collected by the municipal body for the use of premises for commercial purposes and disposal of waste from such establishments. All establishments engaged in any type of commercial activity must obtain a trade license, as it serves as the primary proof of the existence of the establishment.
Factory License Requirements
On the other hand, a factory license is required for establishments where 10 or more persons work in a location where electrical power is utilized. Not all trade license holders may have a factory license, but all factory license owners must obtain a trade license.
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JHARKHAND-Valid ity Of License Extended Upto Ten Years Under The Jharkhand Factories Rules, 1950.pdf
Trade license renewal.jpg
LEAVE AND LICENSE AGREEMENT.docx