Minimum paid up capital in case of a private limited company

Yes the company can be strike off, you just have to file Form FTE along with the necessary attachments i.e. Statement of accounts showing assets and liabilities nil duly signed from a Chartered Accountant, a duly passed board resolution, Affidavits from all the directors and an indemnity bond. After then, you may proceed for striking off the name of company from the records of the ROC.