Every business coporation require a trade license from regulators, be it the municipal corporation or the state government. Trade License is a document that gives authority and verify you to carry on a particular trade or business for which it is issued. It does not give ownership of property or permission for any other activity other than for which it is issued.
The municipal corporation permit license department and allots licenses in consultation with other specific consultative departments like Health, Engineering, Estate and others of the same type.
In stand of this, it is mandatory for any business organisations to take primary licenses from the License Department before beginning manufacturing, exchange or storage of any activity. The application has to be filed with the Commissioner in the Corporation 30 days before the start of business. While filing, the business has to submit all the important documents.

The trade licenses in India are renewed from January 1st to March 31st. The validity of a license provided by the municipal authority is for one year and need to be renewed anually.
The request for renewal of the license is to be done within 30 days from the date of its expiry. In case the renewal procedure is postpone, then it may attract fine depending upon the rules and regulations of the issuing authority.
Following are the documents that need to be submitted for renewal of the license:
Original copy of the trade License
Previous year Challans
update property tax paid receipt

A trade license is required for every business that carries out trade or business requirements. A trade license is valid only for 1 year.
Many other provisions, rules, and regulations are necessary to be followed by the registered person. In case of irresponsibility to follow with the registration conditions of the trade license and starting any trade activity before the issuance of this license, the person in the default will be responsible to pay the directed penalty. Moreover, legal action can also be taken against the defaulter.