NO OBJECTION CERTIFICATE (NOC)

What is NOC Certificate | Meaning | Importance | Format

First of all, you should know the NOC Full-Form which is a NON-Objection Certificate. After paying all the Loan Amount you people think that you are free from liability and you feel secure and fresh but what if that bank or institution file a case against you that you have not paid the loan then how you will prove. So for that, you have to take a NOC (Non-Objection Certificate)  

NOC MEANING

NOC means non-objection certificate This certificate is obtained from those places where any person has an objection. For example- if you want to put a Mobile tower in your land or in your terrace then it can happen that your neighbor has an objection so for that you have to give an application for NOC or NON-Objection Certificate from your neighbor or any person who you think that objection can arise.

Likewise, if you are doing the job in two place then you have to take No Objection Certificate from one the company where you work which mean that the first company has no objection if you are working in other company also or another place. {No objection Certificate from the employee for a new job can be obtained from the company simply you don’t have to do so much just put an application for NOC and that it, you are done}. If you are leaving in rent apartment or flat there you can also take No objection certificate from Land Lord.

One more example is that you have bought a bike on loan and you have paid all the installments but what if they file a case against you that you have not paid all the loans or installments. In that case, NOC will save you. NOC is one of the best evidence to defend your self in the court of law. And if you are buying an old bike or second-hand bike from someone then you have to take NOC because it can happen that there is a loan that is due and he has not paid all the loan then the bank will take that bike from you. You will suffer the loss because of one big mistake be careful when you are buying any old bike from any seller.

You can take NOC certificate for BIKE, CAR, PASSPORT, VISA, EMPLOYEE, EMPLOYMENT, SCHOOL NOC CERTIFICATE,

NOC is the key to save your losses it will never harm you. So it’s better to take the NOC at the right time because after time gets over and if the case has been lodged against you then you cannot do anything.

What is written in NOC?

The loan you have taken from the institution is now paid by you and no installment is due. So it will be written in clear words and that will be treated as evidence in the court of law. a non-objection certificate will be given by every institution from where you are taking a loan or any kind of thing in which you are paying the money in installments. Non-objection certificate (NOC) will have many uses. This will also enhance you market value. If you are going to other bank and want to take a loan, then you can show him the NOC of taken from another bank by paying the Installments. The bank will see that you are an honest customer and he can trust you.

NO OBJECTION CERTIFICATE FORMAT

READ- CODIFICATION OF LAW
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