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 your business as a legally accepted company or partnership. A private limited company is one of the most favoured structures for starting a business as it is the best structure if you want to grow your business.
Once you realize you have a great business idea, you need to start thinking about how to turn the idea into a reality. This involves registering your business as a legally accepted company or partnership. Moreover, a private limited company is one of the most favored structures for starting a business as it is the best structure if you want to grow your business. Let’s see the process of Register a Company in Hyderabad.
Company Registration in Hyderabad
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, ensuring that there is diversity within the economy. 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
- Further, 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
How to Register a Company in Hyderabad
Step 1: Get Legal Advice
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 understand what other licenses, certifications, and registration they will have to complete to start their operations in Hyderabad.
Step 2: Name Approval
Once the team is aware of what structure they want to incorporate, 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.
Step 3: DSC and DIN
The directors will have to apply for and obtain a Digital Signature Certificateand 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 DSC for added security.
Step 4: MoA and AoA
Afterwards, the entrepreneurs have to meet with the legal expert 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.
Step 5: Filing for Incorporation
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 (CIN) which will help it file returns and other documents.
Click here to know in detail – Company Registration in Hyderabad
Documents Required to Register a Company 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
- Minimize your tax burden and provide your business with 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 from Vakilsearch 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.
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