Business license renewal program will be done by the Bruhat Bengaluru Mahanagara Palike for the year 2019-2020.
What is a business license ? :
A business license is a document/certificate that gives the permission to the applicant (person seeking to open a business) to commence a particular trade or business in a particular area/location.
However, the license does not allow the holder to any other trade or business than for it is issued. Furthermore, this license does not pass on any kind of property ownership to the holder of the license.
Why a business license? :
Business license has been introduced in the country and is being regulated through municipal corporation acts by the State Governments. This helps in ensuring that no one is severally affected by nuisance and health hazard of any trade or business.
It has been made necessary by the government to carry out any particular business or trade in a particular area and to ensure that no one is carrying out any unethical business practices.
This license creates a harmony in the society that every business is following relevant rules, guidelines and obeying the safety measures.
Business license renewal:
Statically, business licenses in the country are renewed in between January 1st to March 31st. The validity of a license issued by the municipal authority is for a period of one year and required to be renewed every year.
The application for renewal of the license is to be made within thirty days from the date of its expiry. In case the renewal process is delayed, then it may attract fine depending upon the rules and regulation of the issuing authority.
Following are the documents that need to be submitted for renewal of the license–
a. Original copy of the trade License;
b. Previous year challans;
c. Up to date property tax paid receipt.
BBMP – business license renewal:
The renewal of business licenses program is organized in the jurisdiction of the BBMP. The renewal charges fee will be accepted without fine from 1st February to 28th February.
A fine will be charged if the renewal charges are paid after March 1st to 31st. A fine of 25% on the total renewal charges will be charged.
From 1st April the payment will be accepted with 100% fine on the total renewal charges.
The renewal fee can also be paid online and also by a bank challan at Canara bank.
For further details please visit website : www.bbmp.gov.in