Striking off a Nidhi Company refers to the formal process of removing its name from the Register of Companies when it ceases to operate or fails to meet statutory requirements. Governed by Section 248 of the Companies Act, 2013, a Nidhi Company may be struck off voluntarily by the promoters or initiated by the Registrar of Companies. The company must not have conducted any financial transactions for at least two financial years and should have no outstanding liabilities or pending legal issues. Before applying, it must clear all dues and obtain approval from members through a special resolution. Form STK-2 is filed along with supporting documents like an indemnity bond, affidavit, and a statement of accounts certified by a chartered accountant. The ROC then issues a public notice, allowing time for objections, and if none arise, the company is officially removed from the records, dissolving its legal existence.

Conclusion: Strike off offers a legal way to close a non-operational Nidhi Company, ensuring regulatory compliance and formal business closure.