Private Limited Company Registration in Telangana – Procedure & Advantages.
Private Limited Company Registration in Telangana – Procedure & Advantages.
Setting up a Private Limited Company in Telangana is a crucial step towards building a structured and scalable business. This format is preferred by many entrepreneurs in Telangana due to its advantages, such as limited liability, perpetual succession, and a distinct legal identity.
Invention Tax Solutions offers a streamlined process for registering a Private Limited Company in Telangana, providing expert assistance at every stage. From initial paperwork to final submission, our services ensure a smooth experience for aspiring business owners.
What is a Private Limited Company?
A Private Limited Company is a privately owned corporate entity with its own legal identity. This means it can own assets, bear liabilities, and engage in lawsuits independently of its shareholders and directors.
Who Can Register a Private Limited Company?
- Entrepreneurs: Individuals looking to formalize their business ventures.
- Existing Businesses: Enterprises aiming to restructure or scale up.
- Start-ups: New businesses seeking scalability, investment opportunities, and a formal business framework.
Benefits of Forming a Private Limited Company in Telangana
- Limited Liability: Shareholders are financially liable only up to their share capital.
- Perpetual Succession: The company’s existence is unaffected by changes in ownership or management.
- Separate Legal Entity: Operates independently, enhancing credibility and professionalism.
- Capital Acquisition: Easier to raise capital through share sales.
- Tax Benefits: Potentially more favorable tax advantages and deductions.
Required Documents for Registration
- Identity Proof: PAN for Indian nationals, passport for foreigners.
- Address Proof: Aadhaar card, Voter ID, Passport, or Driving License.
- Registered Office Proof: Recent utility bill, lease agreement, and a NOC from the property owner.
- Photographs: Passport-sized photos of all directors.
- Digital Signature Certificate (DSC)
- Director Identification Number (DIN) for every director
Registration Procedure
Step 1: Obtain Digital Signature Certificate (DSC)
Start by obtaining DSCs for the proposed directors. These are essential for electronically signing the registration documents.
Step 2: Acquire Director Identification Number (DIN)
Each director must acquire a DIN through an online application with the Ministry of Corporate Affairs (MCA).
Step 3: Name Approval
Select a unique name for your company. File an application with the MCA to ensure the name is not similar to existing entities or trademarks.
Step 4: Submit Documents
Prepare and submit the incorporation documents, including the Memorandum of Association (MoA) and Articles of Association (AoA), along with other necessary declarations and proofs of the registered office.
Step 5: Apply for PAN and TAN
Apply for a Permanent Account Number (PAN) and Tax Deduction and Collection Account Number (TAN) for your company.
Step 6: Receive Incorporation Certificate
Once your application and documents are reviewed by the MCA, an Incorporation Certificate is issued. This certifies your company’s legal formation and includes the Corporate Identity Number (CIN).
Step 7: Open a Bank Account
Use the Incorporation Certificate, PAN, and other relevant documents to open a corporate bank account, setting up your company’s financial operations.
Conclusion
Registering a Private Limited Company in Telangana with Invention Tas Solutions simplifies the process, ensuring you can focus on growing your business. With our expert guidance, you can navigate the legal requirements and start your entrepreneurial journey with confidence.
Proprietorship vs Limited Liability Partnership (LLP) vs Company
Features | Proprietorship | Partnership | LLP | Company |
|---|---|---|---|---|
Definition | Unregistered type of business entity managed by one single person | A formal agreement between two or more parties to manage and operate a business | A Limited Liability Partnership is a hybrid combination having features similar to a partnership firm and liabilities similar to a company. | Registered type of entity with limited liability to the owners and shareholders |
Ownership | Sole Ownership |
| ||
Promoter Liability | Unlimited Liability | Unlimited Liability | Limited Liability | Limited Liability |
Registration Time | 2 to 3 Days | 7 to 10 Days | 10 to 15 Days | 10 to 15 Days |
Documentation | ||||
Governance | Shop and Establishment Act | Under Partnership Act | LLP Act, 2008 | Under Companies Act,2013 |
Transferability | Non Transferable | Transferable if registered under ROF | Transferable | Transferable |
Compliance Requirements | Income tax filing if turnover is more than Rs.2.5 lakhs | ITR 5 |
Service Areas
in Madhapur, in Kukatpally, in KPHB, in Miyapur, in Patancheru, in Serilingampally, in BHEL, in Lingampally, in Kondapur, in Manikonga, in Hightech city, in Gachubowli, in Nanakramguda, in Chandanagar, in Jubilee Hills, in Banjara Hills, in Film Nagar, in Nijampet, in Moosapet, in Erragadda, in Ameerpet, in Yushabguda, in Jeedimetla, in Balanagar, in Medchal, in Suraram, in Alwal, in Bachupally, in Gandimaisamma, in Chintal, in Gajula Ramaram, in Begumpet, in Secunderabad, in ECIL, in Mehdipatnam, in Panjagutta, in Masabtank, in Tolichowki, in Attapur, in Hyderguda, in Dilsuknagar, in LB Nagar, in Uppal, in Boduppal, in Nagole, in Vanastalipuram, in Rangareddy, in Hyderabad, in Medchal-Malkajgiri, in Telangana.
