All You Need to Know about NOC (No Objection Certificate)

Jan 22nd 2024
Other
No Objection Certificate - How to Apply for NOC Certificate

In the world of banking and finance, NOC is one of the most commonly used terms among professionals. For a general layman, it might be difficult to know what NOC means despite its superb importance. An NOC refers to a No Objection Certificate but it holds immense value rather than just being a piece of paper for many stakeholders. So, in this post, we will delve deeper to know everything about NOC and its other elements. 

What is NOC?

In simpler terms, an NOC certificate refers to a context in which the issuer has no objection to the information mentioned in the certification. This kind of certificate can be used in various scenarios from education to banking, loans, credit cards, litigation, immigration, technology, etc.

When a NOC is issued?

A NOC is important in many legal situations in India, where it can be provided by people, employers, workers, landlords, renters, or other parties. It can be used in commerce, commercial dealings, and court cases. Since the NOC is addressed directly to the relevant parties and includes important information about the parties, it has legal weight.

There are certain scenarios in which a NOC can be issued:

  • NOC for vehicle and property transfer
  • NOC for litigation purposes
  • NOC for vehicle transfer from one place to another
  • NOC for a visa (employees and students)
  • NOC of GST registration
  • NOC from the landlord for the corporate office
  • NOC for leaving a job (provided by employer)
  • NOC for banking products
  • NOC for detaching from an educational course
  • NOC for attending a seminar or conference
  • NOC for going on a tour

How can I apply for an NOC (No Objection Certificate)?

In most cases, the application for the issuance of a NOC depends on its exact purpose. For example, if you want an NOC from a bank, the bank might have the format of an NOC certificate that you will get. Similarly, getting a NOC from the vehicle registration authority means you would have to abide by the set procedure and you will get the NOC in the prescribed format by the respective authority.

When establishing a business on rented property or a building, a business establishment - such as a single proprietorship, partnership firm, Limited Liability Partnership (LLP), or company - needs to get an NOC. The NOC, which certifies that the owner has no objections to the business establishment starting and operating on his or her land or building, must be obtained by the business establishment from the owner of the rented or leased premises or building.

Below we have defined the process of obtaining an NOC for business incorporation.

All respective company owners, partners, or business promoters are obliged to request the owner/landlord of the rented property to provide an NOC.

The owner/landlord will furnish an NOC mentioning the following details:

  • Name of the owner/landlord of the rented premises
  • Address of the rented property
  • Name of the proprietorship, partnership firm, LLP, or company
  • A statement that the owner/landlord has no objection regarding the use of the rented land/building as the business's corporate office
  • Date and signature of the property owner/landlord

There is no set structure for the NOC for a corporate establishment. But it must be a written document.

When registering a firm, the NOC provided to the owners, partners, or promoters might need to be submitted.

Documents Required for NOC Application

  • Identity proof (such as Aadhaar, voter ID, driver's license, etc.)
  • Address proof (such as Aadhaar, voter ID, or utility bills not older than 2 months)
  • Other related documents

You may also readHow to Activate Two-factor Authentication on Demat Account?

Conclusion

An NOC is a valuable document in various scenarios, from property transfer to vehicle registration, loans, credit cards, and several other legal issues. If you are looking to obtain an NOC, you can refer to the aforementioned procedure and get the NOC in no time. Otherwise, you can also consult a legal professional to get an NOC for any underlying subject.

Reach out to our Experts if you have any Doubts

Like the best things in life, Consultations @InvestKraft are free

Drop a Mail or give us a Missed Call & Begin your Investment Journey here