Private Limited Company Registration in Hyderabad-Process, Cost, and Documents Required

Introduction

The capital city of Telangana, Hyderabad is a famous global trade centre. It’s also famous for having several special economic zones. With the boost in infrastructure that Hyderabad had experienced in the last few years, new company registration in Hyderabad has become a hot topic. If you’re thinking of going for private limited company registration in Hyderabad but still have questions about it, this article is for you.  In this article we will discuss everything from how to register a company in Hyderabad, why you should go for company registration in Hyderabad, the cost for private limited company registration in Hyderabad, the documents needed, etc.

Why you should go for private limited company registration in Hyderabad

Hyderabad is a city that has an amazing infrastructure. It is also one of India’s Smart Cities. HITEC city, which is the heart of Hyderabad, boasts amazing technological facilities. That is because the city has been formed in such a manner to provide the best infrastructure and facilities to ensure a tech boom within the city. In recent years the city has also seen itself become one of the main contenders when it comes to preferable locations for start-ups. With a GDP of USD 74 Billion, an eye towards technological growth, and good connectivity with the rest of the country, new company registration in Hyderabad is the move to make. 

Benefits of new company registration in Hyderabad

The Companies Act, of 2013 governs all companies in India. All Indian companies come under the purview of the Ministry of Corporate Affairs (MCA) and have to submit annual statements to the MCA from time to time. There are 2 types of companies: private limited companies and public companies.

Here are some benefits that all companies enjoy, be it private limited companies or public companies.

• All companies enjoy a separate legal identity
• Companies enjoy transferability
• Companies enjoy high credibility due to a high level of governance
• Companies have easy legal redressal mechanisms available
• Company owners are not liable for losses or financial burdens of the company

Best Companies to Start in Hyderabad

Hyderabad has some of the best schools and colleges in the country. It is particularly fit for edTech businesses. Many of the country’s leading edTech firms, such as Next Generation, operate from Hyderabad. Other than that, some other industries that do well in Hyderabad are:

• Pearl-related Businesses
• Digital Marketing businesses
• Diamond-related businesses
• Tourism Related Businesses
• Jewellery-related businesses

Company Registration Process in Hyderabad

If you’re wondering how to register a company in Hyderabad, this section is for you:

1. Firstly, you have to apply for Digital Signature Certificates (DSC) for all the to-be directors and shareholders.
2. Secondly, you have to apply for Name Reservation for company, you can do this via the RUN service which is available in part A of the SPICe+ form. To access the SPICe+ form, you need to register on the MCA website.
3. Finally, you have to fill Part B of the SPICe+ form for company incorporation with the relevant attachments, such as the Agile Pro form, SPICe+ AoA(Article of Association), SPICe+MoA (Memorandum of Association), etc.   

You have to follow the same process for private limited company registration and Public company registration.

Documents required for private limited company registration in Hyderabad

Apart from knowing how to register a company in Hyderabad, the following are the documents required for company registration in Hyderabad (applies to private limited company registration as well as public company registration):

For to-be directors of shareholders who are Indian Nationals: 

• Self-attested copies of their Aadhar cards
• Self-attested copies of their PAN cards
• Self-Attested Identity proofs (Voter ID, Passport, Driving License)
• Self-Attested proof of address (Utility bills or bank account statements)

For to-be directors of shareholders who are Foreign Nationals:

•  Their passport-size photographs
•  A copy of their proof of nationality (copy of a passport, etc)
•  Copies of their address proofs (Driving License, Utility bills or bank account statements)

You must notarise and apostill the abovementioned documents for foreign nationals.

Documents for Registered Office

• Proof of address (Utility Bill)
• Copy of Rent Agreement if the property is on rent
• No objection Certificate (NOC) from the owner of the property if the property is on rent
• Self-attested copies not older than 2 months

Pro Tip: You should only use recent/updated proofs, they should not be older than 2 months.

Cost of company registration in Hyderabad

There are 2 kinds of government company registration fees that you have to pay for private limited company registration in Hyderabad in Hyderabad:

1. Stamp Duty: Firstly, you must pay stamp duty on the incorporation document, the MoA and AOA. It is calculated based on the state in which the company is getting registered and the authorised capital of the company.
2. MCA Form Fees: Secondly, you have to pay the MCA Form fees. This fee is calculated on the basis of the company’s authorised capital. The minimum fee is INR 820 for a company with an authorised capital of 1,00,000 (minimum capital requirement).  

Additionally, name registration via the run service (SPICe+ Part A) also charges a fee of INR 1000. You have to pay all the fees online on the MCA portal (the last step of submitting the SPICe+ form for company incoporation).

LegalWiz offers these private limited company registration packages in Hyderabad:

Time Taken for Company Registration in Hyderabad

With the help of online legal service providers such as LegalWiz.in you can easily finish the process for private limited company registration in Hyderabad within as little as 10-15 days! (Depending on MCA approval).

Conclusion

Understanding the registration process and the necessary documents is crucial for prospective business owners. The outlined steps, from obtaining Digital Signature Certificates to filing the required forms with the Ministry of Corporate Affairs, provide a clear roadmap for company incorporation. Additionally, awareness of the associated costs, including stamp duty and MCA form fees, helps in budgeting for the registration process. LegalWiz’s comprehensive packages offer convenient solutions tailored to different business needs, simplifying the registration process and ensuring compliance with regulatory requirements. With efficient online services, such as those provided by LegalWiz.in, the timeline for company registration in Hyderabad can be expedited, enabling businesses to establish their operations swiftly and efficiently.

In essence, private limited company registration in Hyderabad opens doors to a wealth of opportunities in a dynamic and rapidly evolving business landscape, making it a strategic choice for entrepreneurs seeking growth and success in India’s thriving economy.