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<h1>India's New Company Rules Simplify Incorporation Process and Allow Conversion from Guarantee to Share Companies.</h1> The Companies (Incorporation) fourth Amendment Rules, 2016, introduced by the Ministry of Corporate Affairs, India, include two primary updates. First, the Simplified Proforma for Incorporating Company Electronically (SPICE) allows for streamlined company incorporation using Form No. INC-32, along with e-Memorandum and e-Articles of Association. Second, companies limited by guarantee can convert into companies limited by shares, provided they pass a special resolution and file necessary forms, including INC-27 and MGT-14, with the Registrar of Companies. Upon approval, a certificate of incorporation in Form No. INC-11B is issued, confirming the conversion.