company registration in Hyderabad

 company registration in Hyderabad

Get the services of the top-rated chartered accountants for hassle-free company registration in Hyderabad

Looking for hassle-free company registration in Hyderabad for your start-up? Whether you have a start-up business coming up or you are seeking for re-registration of your company in Hyderabad, you can avail of the services of a reputed chartered accountant for the same. A chartered accountant would guide you through the entire process of registration along with providing you secure solutions at every step of the procedure. It might seem a tad complex task in the beginning, but a professional can make it quite smooth for their clients at minimal rates in the city.

Minimum requisites for company registration in Hyderabad

The minimum requirements for the registration of a company in Hyderabad are:

• Presence of at least two directors of the company
• Presence of at least two shareholders for the company
• The shareholder and the director can be the same individual
• Minimum shared capital must be INR one lakh

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Documentation required for company registration in Hyderabad

Documentation happens to be an essential part of the entire application procedure for any registration work. One needs to take proper note of all the required documents before applying for the company registration in Hyderabad. That is because; if you fail to deposit any of the documents needed during the application process, then you might again have to re-apply for the certification.

Hence, to avoid such hassles during the application process, find reputed and reliable consultants who can guide you through the entire process. Here is a list of the documents required for the registration of a company:

• Copy of PAN card of each of the directors of the company
• The respective ID card of each of the director of the company which includes Aadhaar card, Election card, driving license, copy of passport, etc. You can submit any one of them to the authorities concerned.
• Proof of residence address of each of the directors of the company, which include electricity bill till two months old, bank passbook copy till the last two months entries, postpaid landline or mobile bill, etc. Submission of any one of these ones mentioned above is enough for the residence proof.
• One color photograph of each director of the company
• Proof of the location of the trade in and around the country which would include the same documents as specified for the residential address proof of the directors
• An affidavit from each of the directors of the company on INR 100 stamp papers

Apart from these documents, there might be other accessory documents needed for the registration process. Hence, before applying for the procedure, do check out all the requirements clearly to avoid any hassles later.

A guide to the process of company registration in Hyderabad

In the case of private companies in Hyderabad, the procedure of company registration includes the following steps:

• Initially, the partners need to apply to get a digital signature along with DPIN from MCA. In case if the directors already have DPIN and DSC, then the officials can skip this step and proceed to the next one.
• Once you have received your DPIN and DSC, you need approval for the name of the company before you proceed with the company registration in Hyderabad. The officials need to submit the name of the company to the MCA, which would provide you the permission of whether you can use the name or not. One feature you need to keep in mind regarding the name is that it should be unique as well as suggestive of the company business. Considering all the points, MCA would provide the officials with the approval of the name of their company. Following this, the name would be entered into the MCA database, and henceforth, the company can use this name as its own.
• Once the approval of the name of the company is done, you need to proceed to formulate the Memorandum of Association and the Articles of Associate, respectively. This needs to be filed with the MCA to move to the next step.
• Once approval of both MOA and AOA is done, MCA would provide you with the incorporation certificate, which would serve as the proof that your company has been successfully created. Along with this, you would also receive the CIN number for your company.
• Once you receive the CIN number for your company, you need to apply for both PAN as well as TAN, which would be successfully sent to you within 7 working days. Once done, you can open a business bank account in the city of Hyderabad for your company, which marks the success of the registration of your company in the town.

In case, if you have difficulty in any of these steps, you can directly contact a chartered accountant in Hyderabad to help you with all these procedures for the completion of the registration of your company without any hassles.

A brief note on the types of companies for registration

There are different kinds of companies available in the market which can be classified depending on their mode of incorporation, numbers as well as the liability of the members. However, here is a brief note of the few common types of companies available in the market:

• Royal chartered companies

These types of companies are put forward by the Royal Charter, which means that they are provided the approval by the special order of a queen or a monarch.

• Statutory companies

These are companies that are approved by a special act given by the state legislature. These companies are given compulsory powers which are responsible for carrying out the exceptional business of national importance.

• Incorporated or registered companies

The registered companies are the ones that are approved by government bodies controlling the state affairs of that particular region. These companies need to register themselves under the Government Act, followed by the approval of the certificate of incorporation by the Registrar of companies of that specified region.

Other kinds of companies include public companies, private company, unlimited companies, companies run by shares, etc.

Charges of company registration in Hyderabad

The prices of registering a company in Hyderabad depends on several factors like the type of company, the number of directors, the revenue of the company, etc. However, here is a price table which showcases the basic prices of different packages available for the registration procedures in the city:

Apart from these prices, there are certain additional costs included in the packages or might be charged separately depending on the type of business. Some of these costs are:

• Sales tax registration fees
• IEC registration fees
• Trademark fees
• Logo design charges
• Website development and launch service charges
• Stationery charges
• Domain name charges
• Secretarial compliance charges, etc.

Depending on these charges altogether, a company has to pay the overall registration fees to the authority for its successful approval. In case of any doubts, do contact a reputed and reliable chartered accountant for reference.