GHMC Trade License vs. Shop Act License: Understanding the Differences for Pvt Ltd Company Registration in Hyderabad
Starting a private limited company in Hyderabad involves obtaining various licenses and registrations to ensure compliance with local regulations. Two essential licenses that business owners need to be aware of are the GHMC Trade License and the Shop Act License. While both licenses are crucial, there are key differences between them. In this article, we will explore and compare GHMC Trade License and Shop Act License to provide a better understanding for private limited company registration in Hyderabad. GHMC Trade License The GHMC Trade License is issued by the Greater Hyderabad Municipal Corporation (GHMC) and is mandatory for businesses operating in Hyderabad. Here are some key features of the GHMC Trade License : 1. Scope of License: The GHMC Trade License covers a wide range of businesses, from manufacturing units to shops, restaurants, hotels, and service providers. It ensures that businesses adhere to the municipal corporation's rules and regulations. 2. Legal Compliance:...