New Delhi, Sept. 14 -- The Ministry of Corporate Affairs' latest changes to India's fast-track merger rules, notified on 11 September, redraw the playbook for startups looking to bring their parent entities to India.

By widening the scope of companies that can bypass the National Company Law Tribunal, the move trims one of the biggest hurdles in such "reverse flips".

Mint explains what this means for founders, investors, and India's startup ecosystem.

Reverse flipping, or redomiciliation, is when a domestic startup that has set up its parent company overseas-typically in Singapore, the US, or the Netherlands-moves its headquarters back to India.

For years, founders chose foreign structures to tap global venture capital and list on int...