Setting up a Private Limited Company in India with CRUISE CORPORATE CONSULTANCY SERVICES Pvt. Ltd. (CCCS)
Setting up a Private Limited Company (Pvt. Ltd.) in India is one of the most popular ways to start a business due to its flexibility, limited liability for shareholders, and separate legal identity. CRUISE CORPORATE CONSULTANCY SERVICES Pvt. Ltd. (CCCS) can guide you through this process smoothly.
1. Key Features of a Private Limited Company with CCCS
Limited Liability: Shareholders’ liability is limited to their investment. Personal assets are protected from company debts.
Separate Legal Entity: The company can own property, incur debt, and enter into contracts independently.
Restrictions on Share Transfer: Shares are not freely transferable, keeping control with the founders and chosen shareholders.
Number of Members: Minimum 2 and maximum 200 shareholders are required.
2. Advantages of a Private Limited Company (CCCS Insight)
Separate Legal Identity: Helps protect personal assets.
Ability to Raise Capital: Can secure funds from venture capitalists and angel investors.
Perpetual Existence: Company continues even if shareholders leave or pass away.
Credibility: More trustworthy than sole proprietorships or partnerships.
3. Requirements to Set Up a Private Limited Company
Directors: 2 to 15 directors, with at least one resident in India.
Shareholders: 2 to 200 shareholders.
Registered Office: Must have a registered office in India.
Digital Signature Certificate (DSC): Required for signing electronic forms.
Director Identification Number (DIN): Unique ID for each director.
Company Name: Must end with “Private Limited” and follow naming guidelines.
4. Process of Registering a Private Limited Company with CCCS
Step 1: Obtain Digital Signature Certificate (DSC)
Each director needs a DSC to sign forms electronically.
Step 2: Obtain Director Identification Number (DIN)
Apply for DIN through the SPICe+ form for all directors.
Step 3: Name Approval
Reserve a unique company name using the RUN form on the MCA website.
Step 4: Filing Incorporation Form (SPICe+)
Submit documents including:
Memorandum of Association (MOA)
Articles of Association (AOA)
Form INC-9 (Declaration by directors)
Form AGILE-PRO (For GST, ESI, PF registrations)
Step 5: Certificate of Incorporation
ROC issues a Certificate of Incorporation (COI) and Corporate Identification Number (CIN).
Step 6: Apply for PAN and TAN
Obtain Permanent Account Number (PAN) and Tax Account Number (TAN).
Step 7: Open a Bank Account
Open a current bank account in the company name for business operations.
5. Post-Incorporation Compliance for a Private Limited Company (CCCS Advisory)
Board Meetings: First board meeting within 30 days, minimum four meetings annually.
Share Certificates: Issue to shareholders within 60 days.
Annual General Meeting (AGM): Conduct yearly to discuss finances and operations.
Annual Filings: File financial statements and annual returns with ROC.
Statutory Audit: Appoint an auditor within 30 days and conduct annual audits.
Income Tax Returns: File annual returns with Income Tax Department.
ROC Filings: Update any changes in directors, office address, or shareholding.
6. Cost of Registering a Private Limited Company
Government Fees: Vary based on authorized capital.
Professional Fees: Charges for legal, CA, or CS services may apply.
Additional Costs: Stamp duty, notary charges, or other licenses if needed.
7. Conclusion
A Private Limited Company is ideal for small to medium businesses seeking limited liability, credibility, and growth opportunities. CCCS helps entrepreneurs navigate the registration process and ensures compliance with all regulatory requirements. Choosing a Private Limited Company structure with CRUISE CORPORATE CONSULTANCY SERVICES Pvt. Ltd. (CCCS) ensures a balance of flexibility, formal structure, and future growth potential. For more details or consultation, you can contact us at +91 88005 88194 or email info@tripplecs.com.
