1. A trade license is a legal Document : granting permission to conduct a specific trade or business activity in a designated area, issued by the local authority or municipal corporation where the business is located. The purpose of a trade license is to ensure compliance with rules, regulations, safety guidelines, and standards, preventing nuisances or health hazards to the public.

2.  Trade licenses are categorized : based on business nature, including food establishment, industries, and shop licenses. For instance, food establishment licenses are necessary for hotels, restaurants, and food stalls, while industries licenses apply to manufacturing factories and cyber cafes, and shop licenses cover businesses like barber shops and candle manufacturers.

3. Eligibility criteria for obtaining a trade license may vary by state, but common requirements include being above 18 years, no criminal record, legal business operations, adherence to the state’s shop and establishment act, and conducting business in an approved area.

4. Required documents also vary but often include address and identity proof of the applicant, company-related documents (if applicable), canceled cheque and business bank statement, legal occupancy document for the business premises, proof of business activity, lease deed or rent agreement, and any other documents specified by the local authority.

5. Processing times vary based on business:  type and location, typically ranging from 7-10 days in metropolitan areas to 30 days or more in other regions.

6. Trade licenses are valid for one year and must be renewed annually. Renewal applications, along with the required fee and documents, must be submitted at least 30 days before the expiry date. Failure to do so may result in penalties or license cancellation.