<h1>India Seeks Feedback on Draft Rules for Converting Unlimited to Limited Liability Companies by March 2, 2016.</h1> The Government of India has invited comments on the draft Companies (Incorporation) Second Amendment Rules, 2016, which propose the conversion of unlimited liability companies into limited liability companies. The draft is available on the Ministry of Corporate Affairs website, and stakeholders can submit their suggestions by March 2, 2016. The proposed rules require a special resolution for conversion, publication of notices, and filing an application with requisite documents. Companies must meet specific conditions, such as solvency and no pending investigations, to be eligible for conversion. The amendment aims to streamline the conversion process while ensuring compliance with existing obligations.