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ARTICLE · 16 NOVEMBER 2018

Necessity Of Trade License

S.S. Rana & Co.
S.S. Rana & Co.
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India has witnessed a sea-change in its economic growth over the years. The Government has devised numerous policies to facilitate the development of the entrepreneurial segment of the country.

IndiaCorporate/Commercial Law
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India has witnessed a sea-change in its economic growth over the years. The Government has devised numerous policies to facilitate the development of the entrepreneurial segment of the country. Introduction of schemes such as "Make in India" "Startup India", "Standup India" and "Skill India", has been made to increase the Gross Domestic Product of the nation. The development of the commercial sector in the country has been one of the primary agendas working towards the prosperity of India.

In order to commence a new business, an authorization from the local Government in the form of a Trade license is required. The license must be procured before beginning manufacturing, exchange or storage of any activity/commodity.

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