The Government of Karnataka vide its Notification 1741-42 of 2015 dated 23-12-2015 has exempted MSMEs from obtaining TRADE LICENCE. A copy of the Notification is attached to this mail.
To fall under this exemption scheme MSMEs have to
1. file Industrial Entrepreneurs Memorandum, or
2. Industrial License
with the Secretariat of Industrial Assisstance, Department of Industrial Policy and Promotion, GOI.