Company formation in Hyderabad has long been a lucrative proposition as the City of Pearls alias the City of Historic Charminar offers many strategic and geographic advantages for businesses. It is the second-largest city in India in the total land area and has many national and international IT companies including Facebook, Qualcomm, Accenture, Microsoft, Infosys, TCS, IBM, Tech Mahindra, Cognizant, Wipro, etc. who have significantly scaled up their operations in Hyderabad recently. The city ranks first in office space consumption in India.
Why Should You Start your Business in Hyderabad in the First Place?
- Good land, air and sea connectivity with all major cities
- Good Infrastructure facilities
- Wide variety of entertainment and lifestyle choices
- Lower cost of living compared to other cities
- Business-friendly government
- Easy access to credits and fundraising
- Easy availability of skilled manpower
- Good market
- Conducive weather
- Good governance, safety and security
What are the Steps Involved in Setting up a Company in Hyderabad?
- Submission of Documents
- Apply for Name approval with the Registrar of Companies (ROC)
- Apply for Digital Signature Certificate (DSC)
- Apply for Director Identification Number (DIN)
- Registration on the MCA portal with SPICe+ Form
- Obtaining a Certificate of Incorporation including PAN and TAN
- Opening a current account
What Types of Companies Can be Started in Hyderabad?
Why Should You Start your Business in Hyderabad in the First Place?
- Memorandum of Association (MoA)
- Articles of Association (AoA)
- Declaration and Affidavit by directors and first subscribers
- Proof of Office Address
- Copy of recent Utility bills e.g.Electricity, Gas, Water Bills etc. and not more than 2 months old
- Copy of approval if the proposed company name requires separate authorization by the Central government
- Trademark application copy or trademark registration certificate as appropriate
- No Objection Certificates from the landlord, sole proprietors partners /associates/ existing company
- Copy of property deed, if necessary
- Proof of registered office of the company/LLP
- Proof of identity and residential address of directors e.g. Pan Card, Aadhar Card etc.
What are the Structure-Specific Requirements for a Start-Up in Hyderabad?
Private Limited Company
- Minimum Two Shareholders
- Minimum Two Directors
- DIN and DSC for all Directors
- Minimum Authorised Share Capital 1 Lakh INR
Limited Liability Partnership
- Minimum Two Designated Partners
- DPIN for all designated Partners
- Capital Contribution 10000 INR
One Person Company
- Minimum One Shareholder
- Minimum One Director
- Minimum One Member
- Minimum Authorised Share Capital of 1 Lakh INR
- DSC and DIN for Director
Partnership Firm
- Minimum Two Partners
- PAN of Partners
- Capital Contribution of 10000 INR
Sole Proprietorship
- PAN
- Aadhaar
- Bank Details
- Business Details
- Investment of minimum 1 Lakh INR
After Company formation in Hyderabad , there are certain compliances to be followed by the company on yearly basis including the appointment of an auditor within 30 days of incorporation, holding a minimum of 4 board meetings during the calendar year at stipulated intervals etc.
All businesses must prepare and maintain a profit and loss account, annual return and balance sheet every financial year together with an auditor’s report and file those with the Registrar of Companies before the due date. Every company is required to maintain certain Statutory Registers as well.
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