How Much Time Does it Take to Obtain Gumasta License in Mumbai?

Setting business in a metropolitan city like Mumbai is yet another challenge. Being one of the largest states of India, Maharashtra sustains a population of 12.4 million residents. Mainly famous for bustling narrow streets with variant food stalls, clothing shops and establishments spread over every nook and corner.  Many business aspirants strive to penetrate a stable position in the commercial industry of Mumbai. The first step to set any business type in the city of dreams is to procure a Gumasta license. Issued under the Shop and Establishment Act, Gumasta license is inevitable to run a shop with legal consent. In case you are wondering about the time to procure a Gumasta license in Mumbai, then you have landed on the right platform. This blog will retort of all your queries regarding Gumasta license.

A brief about Gumasta License

Gusmatsa license is a requisite legal authorization to layout any business structure in Mumbai. The Municipal Corporation of Maharashtra governs the circulation of Gumasta License under the Maharashtra Shops and Establishment Act. It enables a person to carry out business in any particular area. Regardless of One Person Company, Partnership, or Private Company, the Gumasta license gives you a unique identity in the eyes of the law and other regulatory bodies.

Benefits of Gumasta License in Mumbai

Here are some advantages that one can avail from Gumasta license:

• The Maharashtra State Government provides an array of perks and tax subsidies to those Entrepreneurs who possess Gumasta license.
• It serves as a proof that underpins your business of being a legal entity in the Maharashtra State.
• To start a shop or establishment, one needs to open a separate bank account. Thus, the Gumasta license will act as an identification proof to your entity.

Checklist of the documents required for Gumasta License Registration

Documentation plays an essential part in the procedure of Gumasta registration. So let’s take a sneak peek on the following table to perceive the documents needed for different forms of the company:

If an applicant of Gumasta license is a Co-operative Society, then it requires a copy of the registration. Moreover, a Charitable Trust has to give the certificate of incorporation along with the Trustee’s name.

Online Procedure to attain Gumasta License in Mumbai           

Follow these simple steps to get the Gumasta license for your business:

• Firstly, you need to go on the official website of Municipal Corporation of Greater Mumbai with this link http://www.mcgm.gov.in.
• Then fill and submit the form under the section of Shops and Establishment.
• Thereon, it will generate a challan number, so you have to pay the relevant fees at the bank to further obtain the UTN number.
• Now print your form and affix all the required documents to submit it to the department of Maharashtra Shops and Establishment.
• At this time, you have to wait for the approval of application while the officer conducts the verification process.
• Also, the officer may visit your shop or establishment if needed.
• To track your application status, you can simply avail the option of “Check Status” accessible on the Citizen Portal. Fill in the Unique Application No. or Transaction ID is to use this facility.

How much time will it take to acquire the Gumasta License finally?

Coming to the biggest concern, it usually takes about 10 to 15 days after the submission of the Gumasta application. If all the given information is authentic, including the address proof and the application letter is in the prescribed format, the Municipal Corporation of Greater Mumbai will sanction the Gumasta license within ten days. 

Gumasta License Renewal

A Gumasta license sustains up to one year and can be granted for the subsequent ten years.  Therefore, submit a renewal application in Form B to the authority each year if your Gumasta license is about to get expired. You must submit the renewal application at least 30 days prior to the date of expiry of the certificate of registration.

Steps to be undertaken for License Cancellation

There are chances that a shop or establishment seeks to shut down the business due to not earning much revenue or because of incurring debts. In such a case, the registered owner of the shop must plead to the Chief Inspector within 15 days of ending his business operations for license cancellation. After considering the request for closure, the Inspector will eradicate the name of shop or establishment from the official register and cancel its Gumasta registration certificate.

Conclusion

Besides, if you need legal assistance to get through the procedure of Gumasta license, get in touch with Swarit Advisors. We are the best legal consultants that aim to support you at every step of building your business. Our team believes in giving end-to-end guidance regarding the legal and financial aspects of setting shop or any an entity.