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of <h1>New Indian Rules for Business Start, Financial Year Change, and Company Conversion Explained.</h1> The Companies (Incorporation) Fourth Amendment Rules, 2018, issued by the Ministry of Corporate Affairs of India, amend the Companies (Incorporation) Rules, 2014. Effective from their publication date, the amendments introduce Rule 23A, requiring a declaration at the commencement of business in Form No. INC-20A, verified by a professional. Rule 40 outlines the process for changing a company's financial year, requiring applications in e-Form No. RD-1 with supporting documents. Rule 41 details the procedure for converting a public company to a private company, including necessary declarations and documentation. The amendments specify application processes, timelines, and conditions for approval or rejection by the Regional Director.
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