Telangana is an abode to many tech giants like Google, Facebook, Apple, Microsoft, Amazon. They choose Hyderabad as their second home! Also, many biggies are geared up to invest in the near future and considering this Hyderabad may soon replace Bangalore as the IT capital of India. As Telangana government is seriously supporting innovative technology companies, it will undeniably remain as the best destination for investments. IT and Industries Minister KT Rama Rao on his recent visit to Santa Clara, USA, acclaimed Telangana as a perfect destination for investments and development of already existing businesses.
Hyderabad being a developed economy, it provides incredible business prospects for the budding entrepreneurs who want to startup their own company. You can choose any industry type from the countless options available and need to electronically file the prospective names of the company on the Ministry Of Corporate Affairs (MCA) website. Here you can present from 3–6 names that you desire. You can also verify the availability of names through this website. It takes not more than 2–3 days for this procedure to be completed and approved by the Registrar of Companies, India subject to your company name adhering to the company act.
Any business/organization must quote his PAN no. for payment and tax deductions. The PAN can easily be obtained from an approved National Securities Depository Services Ltd. or UTI sources. The PAN consists of a 10-digit number issued by the assessing official of the Income Tax Department. The seal will prove beneficial while issuing the share certificates and other official documents.