Theoretical: YES.
Practical and reality: NO.
Once Google made any connection and knows it is you, who previously got banned from Adsense, they will ban your company's Adsense account. Sounds weird, but this is what they do. They did the same to me. When I asked them for a reason, they didn't tell me. But it was obvious.
They are absolutely careless. They don't care if its not a personal account or if you register it with your business. They simply don't care. No matter what kind of appeal you write to them. No matter what kinda documents you provide them. In my case, I incorporated a company, made the Adsense account and two months later they banned it. Reason? I had a previous Adsense account that got banned, prior violations blablabla. I sent them a business certificate, etc. obviously the company was just incorporated and there was no chance my company had a previous account, but they didn't care. These fuckers didn't even reply anymore. There is also no email support, no telephone number you can call, etc.
Good for you: You can just sue them if they suddenly ban your company's Adsense account.
If I would have registered my business in the EU I could have probably sued the living shit out of them, since the EU hates Google, FB, etc.
So if you are living in the EU, just get yourself a lawyer and sue them. Even now, they say "Invalid traffic", then contact a lawyer and let them prove it.