Striking off a Public Limited Company involves officially removing the company’s name from the Register of Companies maintained by the Registrar of Companies (ROC). This process is regulated under Section 248 of the Companies Act, 2013. A public company may apply for strike off if it has not commenced business within one year of incorporation or has not carried out any business or operations for the preceding two financial years. The company must ensure there are no outstanding liabilities and must file Form STK-2 along with necessary documents such as board and shareholder resolutions, affidavits, indemnity bonds, and a statement of accounts. Before approving the application, the ROC issues a public notice to invite objections from any interested parties. If no objections are raised and all conditions are satisfied, the company is struck off from the register, and its legal existence comes to an end.

Conclusion: Strike off for a public limited company is a formal exit route for non-operational entities, ensuring legal closure while safeguarding the interests of all stakeholders.