Private Limited Company-Telangana (Upto 1 Lac Capital)(Excluding Goverment fees)

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Private Limited Company in Telangana

Understanding Private Limited Companies

A Private Limited Company (PLC) is a popular business structure in India, offering a balance between sole proprietorship and a public limited company. It provides limited liability protection to its shareholders, meaning their personal assets are shielded from business debts.

Key Features of a Private Limited Company:

  • Limited Liability: Shareholders’ liability is limited to their investment in the company.
  • Separate Legal Entity: The company is a separate legal entity, distinct from its shareholders.
  • Perpetual Succession: The company continues to exist even if shareholders change.
  • Transferability of Shares: Shares can be transferred among members, but transfer is restricted.
  • Minimum Shareholders: Requires a minimum of two shareholders.
  • Maximum Shareholders: Can have a maximum of 200 shareholders.

Why Choose a Private Limited Company in Telangana?

Telangana, a progressive state in India, offers a conducive business environment for startups and SMEs. Here are some reasons why a Private Limited Company is an ideal choice:

  • Limited Liability Protection: Safeguards your personal assets.
  • Credibility and Trust: A recognized business structure that instills confidence in clients and investors.
  • Ease of Fund Raising: Can raise funds through equity shares.
  • Tax Benefits: Certain tax benefits and incentives may be available.
  • Professional Image: Projects a professional image and enhances brand reputation.

Steps to Register a Private Limited Company in Telangana

  1. Digital Signature Certificate (DSC):

    • Obtain a DSC for each director and shareholder. This is a digital equivalent of a physical signature.
    • Apply for a DSC through authorized certifying authorities.
  2. Director Identification Number (DIN):

    • Apply for a DIN for each director. This is a unique identification number for directors.
    • The application can be made online through the Ministry of Corporate Affairs (MCA) portal.
  3. Name Approval:

    • Choose a unique name for your company that complies with the Companies Act, 2013.
    • File a Spice+INC-32 form for name approval.
    • The MCA will verify the name and issue a name approval certificate.
  4. Preparation of Incorporation Documents:

    • Draft the Memorandum of Association (MoA) and Articles of Association (AoA).
    • The MoA outlines the company’s objectives, while the AoA defines 1 its internal rules and regulations.  
    • Prepare other necessary documents, such as a declaration by directors and a subscriber’s agreement.
  5. File Incorporation Form (SPICe+INC-32):

    • File the Spice+INC-32 form electronically with the MCA.
    • This form combines multiple forms and streamlines the incorporation process.
    • Attach all required documents, including the DSC of directors and shareholders.
  6. Certificate of Incorporation:

    • Upon successful verification, the MCA will issue a Certificate of Incorporation.
    • This certificate signifies the legal birth of your company.

Cost of Registration

The cost of registering a Private Limited Company in Telangana can vary based on factors like authorized capital, professional fees, and government fees. For companies with an authorized capital of up to 1 lakh, the total cost, including government fees and professional charges, is typically around Rs. 7,500 to Rs. 10,000.

Post-Incorporation Compliance

After incorporation, you must adhere to various compliance requirements, such as:

  • Annual General Meeting (AGM): Conduct an AGM within 30 days of the company’s anniversary.
  • Financial Statements: Prepare and file annual financial statements with the Registrar of Companies (RoC).
  • Tax Returns: File income tax returns and other applicable taxes.
  • Secretarial Compliance: Maintain statutory records and file necessary forms with the RoC.

Conclusion

Registering a Private Limited Company in Telangana is a straightforward process that offers numerous benefits for businesses. By following the steps outlined in this guide and adhering to post-incorporation compliances, you can establish a strong foundation for your entrepreneurial journey.

Note: It is advisable to consult with a legal professional or a registered company secretary to ensure accurate and timely compliance with all legal requirements.

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