Company Registration in Hyderabad can be done online with B K Goyal & Co LLP Chartered Accountants in 7 days at very affordable Govt fee which starts from Rs 1520 towards stamp duty for 1 Lakh authorised capital. Private limited company registration in Hyderabad is one of the best form of business. The biggest advantage of the private limited company is that one can raise capital in the form of equity, expand the business by converting it to public company later on to raise IPO and further it brings creadibility in the eyes of stakeholders.
All about company registration in hyderabad in the year 2022-23
The economy of Hyderabad, the capital of Telangana, India, is based on traditional manufacturing, the knowledge sector and tourism. Hyderabad is among the global centres of information technology for which it is known as Cyberabad (Cyber City). The city’s IT sector includes the IT-enabled services, business process outsourcing, entertainment industries, and Financial services.
A whopping 9000 company registration in Hyderabad was done in the financial year 2022-23 indicating the preference and interest of entrepreneurs in setting up business in the city.
In Jan 2024, 800 companies were registered in Hyderabad. Cyberabad, Madhapur, Kukatpally were the area’s of Hyderabad which were amongst the best choice of the entrepreneurs to start their companies in Hyderabad
What is a Private Limited Company ?
A Private Limited Company is a legal entity governed by the Companies Act 2013 in India. Registering a Private Limited Company requires a minimum of 2 people, and there is no specific minimum capital requirement.
Documents Required for Company Registration
- PAN Card: This document is mandatory and must be submitted.
- Aadhar Card/Driving License/Voter ID/Passport: You must provide any identification documents.
- Photo: A clear photograph of yourself needs to be submitted.
- Bank Statement/Electricity Bill/Phone Bill: You must provide any of these documents. It should be in your name and not older than 2 months.
- Utility bill of the registered place of business must be submitted. This bill should not be older than 2 months.
Some other types of Company Registration
Non Banking Finance Company in Hyderabad
A Non Banking Finance Company (NBFC) is Company which is incorporated for the purpose of carrying on the activities of financing etc. In order to do so, first a Company needs to be registered as an NBFC then license from RBI needs to be obtained in this regard. Minimum capital required for NBFC is 2 Crores.
Nidhi Company Registration Online in Hyderabad
To put it in simple words, a Nidhi Company Registration Online in Hyderabad is being incorporated by people to carry on the business of micro finance.
Foreign Company in Hyderabad
It basically means a Company which is already registered outside India and now wants to setup its business in Hyderabad as well
One Person (OPC) Company Registration in Hyderabad
One Person Company means a company which has only one person as a member. Though to register the same, documents of 1 nominee is also required.
Public Company Registration in Hyderabad
The major benefit for a Public Company is that it can go and raise funds from public at large. We require minimum 3 Directors and 7 Members to register a Public Company
Producer Company
Producer Company is formed by farmers to unite and bring synergies.
Subsidiary Company
A subsidiary company acts as a part of another holding company. Where the holding company have control over the subsidiary company. It is created for the purpose of expanding into different verticals of business.
Process of Company Registration with B K Goyal & Co LLP
Step 1: Submission of the documents and Details
The proposed directors need to submit all the relevant documents & details as mentioned in the article above to our email [email protected] or on our whatsapp number +91-9971782649 for company registration in India.
Step 2: Scrutiny of all the documents
Next step for company registration is verification and scrutiny. If there is a missing document or detail then the directors are informed to submit the same. Further in this step, a No Objection Certificate (NOC) is drafted, which would be needed to be signed by the owner of the property of registered place of business. Furthermore, an engagement letter would also be prepared at this stage containing terms and conditions to be signed by the proposed directors towards company registration in India.
Step 3: Application for digital signatures
In this step of company registration in india, we apply for digital signatures of the proposed directors. Directors will receive otp on their email and mobile for verification. Furthermore, directors will receive a link on their email to upload a video kyc of directors for digital signature.
Step 4: Company Name Check
The company name is checked for its availability with ministry of corporate affairs (mca) for company registration.
Step 5: Filing of Applications for Registration with Ministry of Corporate Affairs
Application forms such as SPICE+ Part A, Part B, MOA, AOA, Agile and INC 9 for Private Limited Company Registration are filed with mca for its approval in this step.
Step 6: Company Registration Approval and Distribution of Company Document
Once the company registration is approved by the ministry of corporate affairs, all the company registration documents such as Company Registration Certificate, PAN Card of Company, TAN Card of Company, MOA and AOA will be distributed to the directors. Further, we will also now proceed for GST Registration and MSME Registration which will take another approx. 3 working days.
Advantages of Company Registration in Hyderabad
As of 2022, Hyderabad has over 778,000 people working in the IT/ITES sector across more than 1500 companies. In the first two months of 2022, two new companies from Hyderabad joined the unicorn startup list. The IT exports from Hyderabad, Telangana, ranked second in India, reaching ₹183,569 crore (US$23 billion) in the fiscal year 2021-22, showing improvement from the previous year.
Some major multinational IT companies in Hyderabad include Microsoft (having the largest R&D campus outside the US), Google, Thoughtworks, CA Technologies, Amazon, IBM, Motorola, Samsung, Agilent, ADP, Oracle Corporation, Yahoo!, Dell, Texas Instruments, Hewlett-Packard, Virtusa, Kewill, and Facebook, among others. Additionally, notable Indian firms with development centers in the city are Tech Mahindra, Infosys, Wipro, Cognizant, Tata Consultancy Services, Polaris, and more.
The primary areas where these IT and ITeS campuses are situated include Madhapur, Gachibowli, Kondapur, and Uppal. Furthermore, Apple has announced the establishment of a new office in Hyderabad, focusing on the development of its Maps product.
Benefits of a Private Limited Company
Separate Legal Entity
A Company is basically an artificial person having it own legal identity. A PAN Card will be issued in the name of the Company.
Therefore, a Company enjoys a Separate Legal Entity meaning It can purchase any asset it its own name, it can file legal cases against others and others as well can file legal case against the Private Limited Company.
Therefore, the directors and private limited company are two separate persons in the eyes of law.
Raising Funds
After Online Company Registration in Hyderabad, the Company can raise funds privately by issuing shares. A Company can issue shares to upto 200 people and raise funds from them by giving stake in the Company.
The funds so raised is not in the form of loan but capital. The concept of raising funds through equity has allowed startups and news business to build their business without any loan liability on their head.
Startup India Recognition
A Company after incorporation may apply to the Government for Startup India Recognition which results in many benefits for the Company such as market reach, fundings, tax holidays and many more.
Credibility
Company Registration in Hyderabad is granted by Ministry of Corporate Affairs – ROC Hyderabad after verification of all the documents of the directors, verification of existence of the company address and other documents. Further, a Practicing CA and CA Firm Certifies all the documents that they has gone through all the documents and details of the directors & Company which are in accordance with the provisions of the Companies Act, 2013.
Once the verification is completed, Certificate of Incorporation, PAN Card and TAN Card are allotted to the Company by MCA.
Since all the documents and details are first certified by a Chartered Accountant and then verified by MCA hence it brings credibility to the Companies Profile and existence.
Scalability
Scalability is one of the biggest advantage of a Company as it can issue shares, raise funds, fight cases in its own name, enter into contacts in its own name, go to IPO and become a listed company on NSE or BSE by converting itself to a Public Limited Company.
Perpetual Succession
Perpetual succession is a concept that refers to the continuous existence of a company, irrespective of the changes that may occur in the management or ownership of the company. In other words, the company continues to exist even if its founders or directors die or retire, or if there are changes in ownership through share transfers
Some frequently asked questions
How much time it will take for Private Limited Company Registration in Hyderabad ?
In total it takes approx 7 working days for your Private Limited Company Registration in Hyderabad.
Do I need to come physically to your office for company registration in Hyderabad ?
No, you are not required to come physically to our office for Online Company Registration in Hyderabad. The required Documents can be submitted through email along with deposit of fee, once we receive the documents, we will start working on registration process.
What all documents will I receive on registration of my company ?
You will receive the following documents on your Private Limited Company Registration in Hyderabad:
- Digital Signatures of Directors
- Director Identification Number of Directors
- Name Approval Certificate from Ministry of Corporate Affairs
- Memorandum of Association
- Article of Association
- Certificate of Incorporation
- PAN Card
- TAN Card
- GST Registration Certificate
- MSME Registration Certificate
- CIN Number and ESIC Certificate
Do I need to go to the Registrar of Companies, (ROC Hyderabad) to register a Company in Hyderabad ?
No, you don’t need to go physically to the office of the registrar of companies to get the company registered in Hyderabad. Although the address of ROC Hyderabad is located at Registrar Of Companies, 2ND Floor, Corporate Bhawan, GSI Post,Nagole, Bandlaguda, Hyderabad -5 00068 but all the company registration in Hyderabad is being processes by central processing unit online and no physical presence is required.
Practice area's of B K Goyal & Co LLP
Income Tax Return Filing | Income Tax Appeal | Income Tax Notice | GST Registration | GST Return Filing | FSSAI Registration | Company Registration | Company Audit | Company Annual Compliance | Income Tax Audit | Nidhi Company Registration| LLP Registration | Accounting in India | NGO Registration | NGO Audit | ESG | BRSR | Private Security Agency | Udyam Registration | Trademark Registration | Copyright Registration | Patent Registration | Import Export Code | Forensic Accounting and Fraud Detection | Section 8 Company | Foreign Company | 80G and 12A Certificate | FCRA Registration |DGGI Cases | Scrutiny Cases | Income Escapement Cases | Search & Seizure | CIT Appeal | ITAT Appeal | Auditors | Internal Audit | Financial Audit | Process Audit | IEC Code | CA Certification | Income Tax Penalty Notice u/s 271(1)(c) | Income Tax Notice u/s 142(1) | Income Tax Notice u/s 144 |Income Tax Notice u/s 148 | Income Tax Demand Notice
