All about NOC | Types, Require, Benefits, How to write NOC Letter

NOC

Contents:

1. What is NOC?
2. Why NOCis Require?
3. What are the types of NOC Letters?
4. What is the lack of acquiring NOC?
5. What are the benefits of acquiring NOC?
6. Which type of Loans are requires NOC Letter?
7. How to write NOC Letter?
8. SUMMARY

What is NOC?

NOC means a legal certificate issued by any agency, organization, institution, or even an individual. NOC is the abbreviated form. The full form of NOC is the No Objection Certificate. It is a very useful document for legal purposes.

• NOC stands for No Objection Certificate

Why NOC is Require?

1. NOC is required mostly in Government departments. But nonetheless, NOC is a verified document that acts as a proof for your actions.
2. NOC is used for the transfer of vehicles, traveling abroad, bank processes, migration, etc. It acts as evidence when you need to prove yourself clean.
3. NOC is considered a legal document and is useful for various purposes. NOC can be issued by the employer, representative, landowners, occupant, or person.
4. It is a guaranteed paper that gives you the assurance of your property, vehicle, or any other asset.
5. NOC should be obtained from anyone you feel may act as a hindrance in your decision.

● Example: For instance, if you are planning to get a mobile tower on your terrace, your neighbors might have an issue with it. In order to save yourself from the hassle of neighbors, it's quite advisable to get a NOC from the neighbors. 

Also, if you are a prey of any case that is trying to prove you guilty of the actions you haven't done, NOC acts as evidence. 

● For example, if you have bought a vehicle on loan from the bank. You have paid the loan, but if you are accused of non-payment of the loan, you can showcase your NOC in Court to serve as a proof.

Also, there is a provisional NOC. It means No Objection Certificate (NOC) issued to maintain safety measures. It can be issued so that you adhere to the safety norms like fire safety, accidents, etc while building a site or company setup.

What are the types of NOC Letters?

There are 6 types of NOC Letters:

1. NOC for Writing and Art: The use of NOC in writing and Art has become common because of the availability of the internet. This acts as copyright for writers and artists. It is issued by a copyright company.
2. NOC for Immigration: This letter helps when a person wants to travel from one country to another. It allows the employee or student to work abroad.
3. NOC for Employment: It helps the employee in shifting to another country for working in the same organization but different branches situated abroad or work abroad in another organization.
4. NOC for Travelling Purpose: It is issued by the government or public sector organization or educational institute for a person to fly abroad.
5. NOC for Construction and Renovation: It is needed for construction or building a plant. In some cases, NOC is needed even in case of the renovation of old buildings.
6. NOC for student: It can be submitted when a student wants to change school, college, or wants to move abroad for further studies.

Not having a NOC (No Objection Certificate) can adversely affect your financial and personal life.

What is the lack of acquiring NOC?

1. Your credit score gets terribly affected. You might not be eligible for future loans.
2. You may be asked to pay the amount that you already paid due to a lack of evidence. It means a waste of time and increased efforts.
3. Due to a lack of evidence, the lender may sue you for the non-payment of money.
4. You feel emotionally drained, you may have panic attacks and you will feel worn out because you are caught in emotional turmoil.

What are the Benefits of acquiring NOC documents?

1. NOC document clears any discrepancies that may arise in the future with regards to payment of loans and other dues.
2. Submitting NOC to credit bureaus ensures a healthy credit score.
3. It creates a hassle-free environment for your plans.
4. It acts as legal evidence in the Court of Law.

Which type of Loans are requires NOC Letter?

1. Home loan
2. Car loan
3. Business loan
4. Personal loan
5. Loan against property (LAP)
6. Loan against shares (LAS)

If you misplace your No Objection Certificate (NOC), lodge an FIR. You can get a duplicate NOC by submitting the necessary documents to the lender. Duplicate one may take a little longer. When you receive the NOC make sure "no objection" is mentioned clearly.

A simple NOC contains the following elements:

1. Date of writing the letter
2. Address of the Visa Application Center
3. Name of employee
4. Name of supervisor
5. Address and contact information of supervisor
6. A paragraph stating that the company has no objections to the travel.

Taking all this information into account, below is the sample of No Objection Letters for employees.

How to write NOC Letter?

● Sample:
Sample NOC: For Employees
[Enter Date]
[Enter Address for the Visa Application Center]
Re: No Objection Letter
Dear Sir/Madam

    This letter is in reference to Mr. A, who has been working at company ABC since January 1st, 2018. Mr. A has an impeccable work ethic and for the work he does, he is compensated with $65,000 per year as his salary.

    On behalf of company ABC and as Mr. A's supervisor, we have no objection to Mr. A getting a Schengen Visa to travel during his approved leave at work. We also validate that Mr. A is able to financially support himself during the travel with his compensation package at our company. Attached is the proof of Mr. A annual income.

For further queries, contact me via mail or contact number.
Sincerely,
[Signature]
[Name of supervisor writing the letter]
[Position of supervisor at the company]
[Address of company]
[Phone number of supervisor writing the letter]
[Email of supervisor writing the letter].

● SUMMARY

To sum up, NOC is an important document that serves as a medium between the completion of tasks. It becomes easy and effortless to complete tasks when you have NOC. It is a legal document issued by any party that is valid for a period of 6 months. NOC helps in defending oneself from future chaos. It also helps in easy traveling from one country to another. NOC for vehicles makes it clear that you have paid the dues and it frees you from any further responsibility towards the lender. Provisional NOC is important when you wish to set up a plant or building. It takes safety measures into count which you have to adhere to before you get the permission of setting up.

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