in Civil Law Trade Law
Asked July 26, 2017

applicability of trade license in Mutual Fund company

  • 1 Answer

Please clarify with details whetherTrade License applicable are not for Mutual Fund Company's in Hubli & Belgaum.

Answer 1

Trade license is mandatory in law. You need a trade license to start any type of new business in India. Government agencies can fine or close a business operating without the required business licenses. Thus, for every legal business or service activity, one needs to obtain trade license.

Additinal documents required depends upon the type of company or establishment you decide to set up like sole proprietorship, Limited Liability Company, Cooperative, Corporation or Partnership. Trade Licence is mandatory in India irrespective of the kind of business and the place of operation of business, the ony variant being the type of documents required for such registration. 

Agree Comment 0 Agrees about 4 years ago

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