Private Limited Company Registration in Hyderabad

1. 2 Digital signatures and DIN for directors
2. Name approval
3. MOA, AOA, CIN of the company
4. PF and ESIC registration
5. PAN and TAN
6. Bank Account opening
7. Government and professional fees
8. Commencement Certificate
9. Legal Agreements

Documents Required for Private Limited Company in Hyderabad

• Pan, Aadhar, Photo and bank statement of directors and shareholders
• Electricity bill and rent Agreement of proposed registered office

Process and steps to register a company in Hyderabad 

• Step 1 – DSC Application – Apply for Digital Signatures of shareholders and Directors
• Step 2 – Name Approval – Apply for the name of the proposed company
• Step 3 – Prepare Documents – Prepare forms like DIR 2 and INC 9.
• Step 4- File SPICE – File the final form for company registration. After this you will get the certificate of incorporation on your mail ID. 

Steps after the company is registered in Hyderabad

• Apply for Bank Account opening
• Apply for shops and establishment act license
• File monthly PT returns
• Apply for GST registration is case applicable to you.

Annual Compliance cost for a Private Limited Company in Hyderabad

The annual package for Private Limited company with 20 lakhs turnover is Rs. 16000/annum.

Inclusions:

• Dedicated manager for book keeping
• Secretarial compliances – AOC4, MGT 7 and ADT 1 filing
• DIR 3 KYC filing
• Appointment of Auditor
• Annual tax filing

Types of companies that can be registered in Hyderabad:

• Private Limited Company – This is the best option if you are planning to raise funds.
• Limited liability partnership firm – This is the best option id you have partners and are not planning to raise funds
• One person Company – This is most suited if you are a single founder and are planning to raise funds in Future.

What are the benefits of registering a Private Limited company?

• Most Credible – Private Limited is he most credible structure to register. It is the most trusted structure
• Ability to raise funds – The private limited company can raise funds from investors in form of equity or preference shares
• Limited liability – The liability of directors and founders is limited.

What are the Telangana Government Startup Initiatives?

Incentives for startup companies in Hyderabad:

• Service Tax paid by startups: Reimbursement of Service Tax paid by startups incubated in the Government supported/recognized incubators, who annual turnover does not exceed Rs. 50 Lakhs for first three years.
• Reimbursement of VAT/ CST: Annual Reimbursement of VAT/CST paid in Telangana, upto  maximum of Rs. 50 Lakhs turnover by incubated startup companies within a period of first three years of being incubated.
• Promotions: Government shall provide reimbursements of 30% of the actual costs
  including travel incurred in international marketing through trade shows. This incentive will be subject to a maximum of Rs. 5 Lakhs per year per company.
• Patent Filing cost: The cost of filing and prosecution of patent application will be
  reimbursed to the incubated startup companies subject to a limit of Rs. 2 lakh (0.2 million) per Indian patent awarded. For awarded foreign patents on a single subject matter, up to Rs. 10 lakh (1 Million) would be reimbursed. The reimbursement will be done in 2 stages, i.e., 50% after the patent is filed and the balance 50% after the patent is granted.
• To promote idea stage companies, the government shall offer recruitment assistance of Rs. 10,000 per employee for the first year.
• Startups that record a year-on-year growth rate of 15%, as per audited accounts, shall be eligible to get a grant of 5% on Turnover, subject to a limit of Rs.10lacs within a period of three years from the date of incubation.