<h1>Company strike-off for non-filing: procedural removal and ownership probes follow sustained failure to file annual returns and statements.</h1> Authorities identified large numbers of companies failing to file financial statements and annual returns for successive years and initiated strike-off proceedings, with Registrars of Companies required to follow prescribed procedural safeguards before removing names. Concurrently, targeted investigations into true ownership and exceptional bank account transactions during the demonetization period have been ordered to probe irregular financial conduct.