What are the Structure-Specific Requirements for a Start-Up in Hyderabad?
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
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
Partnership Firm
- Minimum Two Partners
- PAN of Partners
- Capital Contribution of 10000 INR
Sole Proprietorship
- Business Details
- Bank Details
- PAN
- Aadhaar
- Investment of minimum 1 Lakh INR
Once a company is formed in Hyderabad, there are some annual compliance requirements that must be followed. These include appointing an auditor within 30 days of incorporation and holding at least four board meetings each year at regular intervals. Additionally, businesses must prepare and maintain financial documents such as the profit and loss account, annual return, and balance sheet for each financial year, along with the auditor’s report. These documents must be filed with the Registrar of Companies on time. Companies are also required to keep certain statutory registers updated.
Why Should You Start your Business in Hyderabad in the First Place?
The documents listed below are required for company registration in Hyderabad and should be readily available when applying for registration.
- Articles of Association (AoA)
- Declaration and Affidavit by directors and first subscribers
- Memorandum of Association (MoA)
- 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
- Proof of registered office of the company/LLP
- Copy of property deed, if necessary
- No Objection Certificates from the landlord, sole proprietors partners /associates/ existing company
- Trademark application copy or trademark registration certificate as appropriate
- Proof of identity and residential address of directors e.g. Pan Card, Aadhar Card etc.
What Types of Companies Can be Started in Hyderabad?
Choosing the right business structure is crucial as it affects your Income Tax Returns and compliance requirements. A sole proprietorship only needs to file an income tax return, while a company must file both income tax returns and annual returns with the Registrar of Companies, which involves higher legal costs. However, a company can more easily raise funds compared to a sole proprietorship. Professional company registration consultants in Hyderabad can help you select the best business structure based on your goals and guide you through the process of starting a company in the city.
Private Limited Company
Sole Proprietorship Firm
Limited Liability Partnership(LLP)
Partnership Firm
Professionals
Global Partners
Locations
Countries
What are the Steps Involved in Setting up a Company in Hyderabad?
The process of registering a company in Hyderabad includes the following steps.
- Apply for Director Identification Number (DIN)
- Submission of Documents
- Apply for Name approval with the Registrar of Companies (ROC)
- Apply for Digital Signature Certificate (DSC)
- Registration on the MCA portal with SPICe+ Form
- Obtaining a Certificate of Incorporation including PAN and TAN
- Opening a current account
Registering a Private Limited Company in Hyderabad typically takes 15 to 25 days, depending on the required approvals. The incorporation certificate serves as proof of the company’s establishment and includes the CIN number. The fees for company registration in Hyderabad are affordable, as the entire process is digitized and conducted online.