Do you want to start a business in Hyderabad but can't figure out where to begin?
No worries, at StartEazy, we are here to help you if you need help.
Starting a business requires careful planning. You should know basic business laws and regulations to get started.
Here is a step-by-step procedure for making your dream business into a reality.
Steps to Register Company in Hyderabad:
To register your business in Hyderabad India, you must choose a business entity, such as:
Private Limited Company
Limited Liability Partnership (LLP)
One Person Company (OPC)
Partnership
Proprietorship
Deciding on what is the best form of registration, consult our experts by filling up the form on your right side.
Once you have decided, you can initiate the business registration process in India online.
Registering your business as a Private Limited Company, you may improve the image of your company, take advantage of several government business programs, and also present professionally to investors.
After selecting the business type, obtaining a DSC of all the directors is essential. Documents required in DSC Registrations are:
PAN Card of the Director
Aadhaar Card of the Director
Photo
Email Id
Contact Number
A digital signature is mandatory for individuals and entities required to file their income tax returns with the IRS.
Furthermore, the Ministry of Corporate Affairs requires companies to use only digital signatures when filing reports, applications, and forms.
Your authorised agent will apply for a Class 3 DSC Certificate. Two DSCs are included in the company registration package.
However, if you have more than two directors, it will cost approximately Rs. 1000 for each additional DSC.
After obtaining the DSC, the next step is to obtain the Director Identification Number (DIN) by filing form DIR – 3 or SPICe+ Form along with self-attested documents:
Photo of Directors
Identity proof of Directors- Aadhaar/ Voter ID/ Passport
Address proof- current address of Directors
PAN Card of Directors
Make the payment of the filing fee of e-Form DIR-3. Only electronic payment of the fees shall be allowed (i.e., Net banking / Credit Card/Debit Card/Pay Later/ NEFT).
The name you have chosen for your company must comply with the MCA guidelines and be available for registration.
Confirm the availability of the name on the MCA portal before applying for name approval.
Form SPICe+ to the Registrar of Companies (ROC) is to be filed by giving two names in the order of preference along with the significance of the names.
The fee for company name registration is Rs. 1000 Rs.
Once you have chosen a unique name, you must fill out the SPICe Plus form available on the MCA portal. The form includes Various details like:
The type of company
Proposed company name
Registered office address
Other necessary details
MCA guidelines state that the name should not already be taken, similar, or objectionable.
The next step is creating an MoA (Memorandum of Association), AoA (Article of Association) and Authorisation Letter.
The compulsory clauses of an MOA of a company are as follows:
Name clause
Registered Office Clause
Object Clause
Liability Clause
Capital Clause
Association Clause
The AoA includes a company's legal name, address, purpose, equity capital, organisation of the company, financial provisions, and provisions regarding the shareholder meetings.
It is always better for an expert to do this on your behalf to avoid any errors and to make sure it is compliant with all the laws.
Additional Information:
Use an address as the registered office of a company, you need to obtain a utility bill and a No Objection Certificate (NOC) from the owner of the property.
If the property is not owned, you must provide a lease agreement along with the necessary forms.
Once you have all the required documents and company name registration, apply for company registration online by filling out the SPICe Form.
All drafted documents will be attached to Form SPICe+ and uploaded to the ROC website for verification.
Once verified, the ROC will issue a Certificate of Incorporation, allowing the company to begin its business operations.
Document required:
Memorandum and Articles of Association
Board Resolution
Identity Proof
Address Proof
PAN Card
Photos of Directors
NOC / Rent Agreement
Authorization Letter
DSC Certificate
GST Registration is a requirement for all Indian businesses selling products and services. Every business in India is required to obtain GST registration.
If you're planning to get GST registration, make sure you have all the necessary documents mentioned below:
PAN Card And Adhaar Card of Directors
Rent Agreement( To register for GST, provide proof of ownership or possession of the premises. Submit a rental agreement, lease deed, property tax receipt, municipal khata copy, or electricity bill. If none of these are available, an affidavit and any document proving possession can be submitted.)
Electricity Bill
Certificate of Incorporation
DIN & DSC
Bank Account Proof
SEZ (Special Economic Zone) Premises(SEZ is an area within a country's borders with more lenient economic regulations than the rest of the country).
In India, it is mandatory to obtain a GST registration if you run a business dealing in the exchange of goods and services.
Local authorities, such as Municipal Corporations, town area committees, and cantonment boards, impose taxes on property owners or occupants to cover the costs of maintaining the area, town, or city.
These taxes are usually calculated as a percentage of the municipal value of the property, as determined by the local authority or Municipal Corporation.
The location and size of your company will determine whether you need a trade license or permit from the local municipality, particularly if you plan to host an event or exhibit.
To ensure that you meet all the necessary regulations and requirements during the company registration process, it is recommended that you consult with a legal or financial professional.
As Starteazy is the best choice for Company Registration services because it provides professional and effective management of your private limited company registration.
By simplifying the process, we allow you to focus on your business objectives while we handle legal issues.
Starteazy can assist you in registering your company so that you can begin your entrepreneurial journey with confidence.
Q- How do I choose a business name and is it necessary to register?
A- The name of your business should be unique and memorable. Ensure that no one else in your industry or location is using the same name and register it with the appropriate authorities. You can even check names on MCA Portal for name verification.
Q- Which documents are required in Registration?
A- Here are the list of documents required in registration process:
Memorandum of Association
Articles of Association
PAN & Photo of the applicant
PAN & Photographs of the active directors & shareholders
ID Proof
Aadhar card, Driving License, passport, & voter ID of the Directors, members, and shareholders.
Address Proof
Bank Statement, utility bills such as landline bill, mobile bill, and electricity bill
Registered Address proof
No objection certificate from the owner, Utility bill and Rent agreement
Q- What are the eligibility criteria for company registration?
The registration of a company in India is not subject to specific eligibility requirements based on qualifications or academic background. A group of individuals or an individual can register a company if they meet the following requirements:
Legal Age
Indian Citizenship or Residency
Business Structure
Location
Compliance with Local Laws
Tax Compliance