https://www.taxtmi.com/news?id=18758 Struck off companies are treated as having ceased to exist, rendering former directors and authorized signatories unable to operate company bank accounts until lawful restoration through the statutory restoration procedure; banks are advised to impose restrictions using published Registrar-wise lists. Banks must also apply enhanced diligence where companies, even if shown active, default in filing required financial statements, annual returns, or particulars of charges, since such defaults indicate noncompliance with mandatory statutory filing obligations. en-us Wed, 06 Sep 2017 10:53:59 +0530 Wed, 06 Sep 2017 10:53:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=18758 Struck off companies are treated as having ceased to exist, rendering former directors and authorized signatories unable to operate company bank accounts until lawful restoration through the statutory restoration procedure; banks are advised to impose restrictions using published Registrar-wise lists. Banks must also apply enhanced diligence where companies, even if shown active, default in filing required financial statements, annual returns, or particulars of charges, since such defaults indicate noncompliance with mandatory statutory filing obligations. News - Wed, 06 Sep 2017 10:53:59 +0530 https://www.taxtmi.com/news?id=18758