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    <title>Operation of Bank accounts of over 2 lakh companies ‘struck off” from the Register of Companies</title>
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    <description>Removal from the Register under the strike off process renders companies ceased to exist and converts incumbent directors and authorized signatories into ex directors and ex signatories, who cannot operate company bank accounts until the company is legally restored to active status; banks are instructed to restrict accounts of struck off companies and to consult the Registrar wise published list, while applying enhanced diligence to companies with statutory filing defaults.</description>
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      <description>Removal from the Register under the strike off process renders companies ceased to exist and converts incumbent directors and authorized signatories into ex directors and ex signatories, who cannot operate company bank accounts until the company is legally restored to active status; banks are instructed to restrict accounts of struck off companies and to consult the Registrar wise published list, while applying enhanced diligence to companies with statutory filing defaults.</description>
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