What Is the Process to Register a Company in Hyderabad? By Kaviya A - February 8, 2021 Last Updated at: Feb 08, 2021 +1 284 Once you realise you have a great business idea, you need to start thinking about how to turn the idea into a reality. This involves registering the business idea as a legally accepted company or partnership. However, this step is crucial to the business as the legal structure chosen determines the taxes, compliance norms, and capital required to start the company. This is why a lot of entrepreneurs depend on legal experts to help them with the procedure of registration of a company. In this article, we will take a look at how to register a company in Hyderabad and why entrepreneurs should do so. Company Registration in Hyderabad: an Overview Eligibility Criteria for Company Registration in Hyderabad How to Register a Company in Hyderabad Documents Required for Company Registration in Hyderabad Why Register Your Company? Company Registration in Hyderabad: an Overview Hyderabad has thriving manufacturing, IT, and tourism sector, being the capital city of Telangana. A city steeped in history and tradition, Hyderabad offers entrepreneurs several benefits and incentives. Well-maintained roads, state-of-the-art infrastructure, and the supply of educated and experienced IT professionals help make Hyderabad ideal for establishing start-ups. An elevated living standard also means that the city provides several attractive investment opportunities to creditors and entrepreneurs. Additionally, the business environment also favours small-scale industries, helping ensure there is diversity within the economy. On the other hand, Hyderabad is also home to some of the largest multinational companies in India. All of this makes Hyderabad one of the best places in India to start a business. Eligibility Criteria for Company Registration in Hyderabad Must have at least two shareholders and directors, who may be the same people. At least one of the directors must be an Indian resident, and all directors must be individuals and not corporations. The maximum number of shareholders allowed is 200 for a private company and is unlimited for a public company. All directors must obtain a Digital Signature Certificate and Director Identification Number. The business must have a registered office address that is used as the official communication address for the company. The address of the RoC in Hyderabad, which enjoys jurisdiction overall company registrations in Telangana is as follows; Registrar Of Companies 2ND Floor, Corporate Bhawan, GSI Post, Tattiannaram Nagole, Bandlaguda, Hyderabad – 500 068 register Your Company How to Register a Company in Hyderabad First and foremost, the entrepreneurs must meet with a legal expert and explain all their requirements to them. The legal team will then advise the entrepreneurs on the best incorporation strategy, along with what structure to incorporate as. They will also help the team understand what other licenses, certifications and registration they will have to complete to start their operations in Hyderabad. Once the team is aware of what structure they want to incorporate as they must go through company naming guidelines. Afterwards, they must decide on what they want their company to be called. Entrepreneurs are allowed to send up to six options with the company name registration form. The Registrar of Companies will check the availability of the names suggested, and choose the most appropriate one that is available. Next, the directors will have to apply for and obtain a Digital Signature Certificate and Director Identification Number. Further, both of these documents will help them identify themselves and authorise online filings that the company makes. Since the process of company incorporation takes place entirely online, directors will need these to validate documents and licenses. All directors must apply for and obtain either a Class II or Class III DSC for added security. Afterwards, the entrepreneurs have to meet with the legal team again to draft the required legal documents. This will involve creating a Memorandum of Association and Articles of Association in the prescribed format. Additionally, the subscriber must digitally sign these documents for authorisation and validation. Once all the documents are in order, the team can file for incorporation via the SPICe portal by uploading all the required documents and paying the processing fees. The RoC will then verify all the details and documents provided, and if satisfied, will grant the business a Certificate of Incorporation. The company will also receive a Corporate Identity Number which will help it file returns and other documents. Documents Required for Company Registration in Hyderabad Required for the SPICe portal FORM DIR-3 for DIN approval INC-32 to register the name of the company INC-33 e-Memorandum of Association INC-34 e-Articles of Association Proof of address of the business Personal Documents: ID proof and address proof of all directors PAN card of directors Two passport-size photographs Why Register your Company? Enables business owners to limit their liability, and thereby protect their personal assets Minimise your tax burden and provide your business a separate legal identity Improve the business’s credibility, trustworthiness, and reputation Protects your brand and company name, making it easier to market and promote Helps in attracting investors and raising the required funds to start operations Perpetual succession laws ensure that your company will remain alive, irrespective of the capacity of the founding members Easy transfer of ownership and change in management makes companies very flexible How VakilSearch Can Help Our experts can provide expert guidance regarding how best to incorporate your company. Help you in drafting all the required legal documents. File all the required applications on behalf of your company for you. Obtain a certificate of incorporation at the earliest for your business. Provide help with all the required compliance measures and tax filings to ensure your business stays on the right side of the law.