India, Sept. 11 -- About a year after announcing after allowing startups to reverse flip without seeking approval from the National Company Law Tribunal (NCLT), the Ministry of Corporate Affairs (MCA) has broadened the scope of the exemptions.

Now, the following types of mergers and amalgamations (M&As) would not require the NCLT nod:

Two or more unlisted companies (other than section 8 companies), where every company involved doesn't have loans, debentures or deposits exceeding INR 200 Cr.

Merger of a foreign company which is the holding company with its wholly owned subsidiary in India.

One or more subsidiary companies of a holding company with one or more other subsidiary companies of the same holding company where the transferor c...