Govt restricts operations of 2.09 lakh firms' bank accounts
Finance Ministry on Tuesday said operations of bank accounts of over 2.09 lakh companies have been restricted by the government. It said names of these companies have been struck off from the Register of Companies for failing to comply with regulatory requirements. The existing Directors and Authorised Signatories of these struck off firms will now become ex-Directors or ex-Authorised Signatories.