You might be well aware of the fact that every motor vehicle business engaged with the recycling job, needs to get a license. You must possess a license if your business includes any of the below-mentioned activities:
1. Dismantling of vehicles for the various body parts or accessories
2. Buying and selling of:
So, when you get yourself engaged with the buying and selling activities of the vehicle, whether it be damaged, salvaged, or the incomplete state, you must possess proper trader license.
Usually, every auto wreckers or recycler must have a proper valid motor car license held for the trading purpose. However, in only two cases, you do not require to have the license provided:
Well, are you a registered, licensed trader of motor car engaged in buying and selling of used vehicle? If the answer is yes, then you do not need to acquire a separate second-hand registration. The legal obligation for all the motor vehicle traders is the same. However, the second-hand dealer will have to comply with the Second-Hand Dealers and Pawnbroker Act 1989.
For every vehicle dealer, if he is engaged in the wrecking or recycling work, registration for the second-hand dealership is a must. However, if one is engaged only with buying and selling of the car components, then the license is required.
If the application form is properly filled up, it takes 4 to 6 weeks. However, if the application is incomplete, it may take longer time. However, if you do not complete the application form, you can even withdraw it. You can avail a partial refund of the fees depending on the circumstances.
It is very important to make sure that at every place of operation of the business, a board is displayed which highlights the name of the person followed by the license number. The name of the business can even be included on the boards. However, it cannot replace the licensee’s name. It must be placed at a proper angle so that it is easily visible to everyone.
So, it is important to hold a proper license if you engage in any such business. One can seek a license, valid for one or three years as per the requirement.