NOC Format in Private Company Registration

NOC Format for a private company registration can take different forms depending on the company's specific business operations. Essentially, an NOC is a document issued by a person or entity stating that they do not oppose the information submitted for company registration.

What is the NOC format?

• A NOC format is a formal document that provides legal permission for a specific action. Within a private company, NOCs serve various purposes. NOC format is used for various reasons like:-
• Trade
• Employment
• Litigation
• Immigration
• For replying party’s objection

Purpose of NOC format for Private company Registration

In India, registering a private company requires a NOC from the property owner. This legally binding document confirms the owner's approval for the company to use their property as the registered office address. The NOC format is a mandatory document that must be submitted to the Registrar of Companies (RoC) along with other required documents during the company registration process.

The NOC's importance lies in its dual role of protection. It safeguards the property owner's interests by allowing the company to use the property while preserving the owner's property rights. If the company fails to comply with the lease agreement or violates the terms of the NOC, the property owner retains the legal right to take appropriate action.

The NOC also provides crucial assurance for the company. It legally confirms the company's right to use the property as its official registered office.

Importance of NOC Format

• Establishing Company’s RO:- The registered office is the company's official address for receiving legal documents and official notices.
• Changing Company’s RO:- When a company moves its registered office, it must obtain a new NOC format from the property owner at the new location.
• Borrowing Facilitation:- Banks and other lenders often require a NOC from a company's shareholders before granting loans. This ensures that shareholders do not object to the company incurring debt.
• Asset Sales Authorization:- Shareholder consent may be needed before the company sells any assets. This protects shareholders from potential harm caused by asset sales.
• Merger and Acquisition:- Mergers and acquisitions often require shareholder approval from both companies involved. This ensures everyone is informed and agrees to the deal.

NOC format for Private Company Registration

NOC format basically includes:-

• Name and address of property owner
• Name and address of Company
• Address of Companys’s RO
• Date of issue of NOC
• Property owner signature
• Seal of Property owner
• The NOC must clearly specify the permitted action. For instance, it might state that the property owner allows the company to use the property as its registered office for one year.

Documents required for submitting NOC Format for the Company’s Address

• If the company's registered office belongs to someone else, obtaining a No Objection Certificate (NOC) from the owner of the registered email address is required.
• While submitting the NOC for company address it require you to submit the following details -

1. Electricity Bill
2. Gas Bill
3. Telephone Bill
4. Mobile bill

• Companies must update their registered office address with the Registrar of Companies within 30 days of any change.

Validity of NOC format

The validity period of an NOC format varies depending on the property owner. It can last for any duration, but the specific timeframe is typically stated within the NOC document itself. Generally, NOCs are valid for at least one year. After the initial period expires, the property owner and the company can mutually agree on new terms and conditions to extend the validity of the NOC.

Submitting NOC Format for Company’s Address

NOC format acts like proof of RO address as it includes name and address of property owner and Company.

When registering a company using the SPICe+ form, upload the NOC and other required documents in the "proof of office address" section. To do this:

• Go to the "Attachments" section.
• Click "attach" next to the relevant document category.
• Upload the NOC and any other necessary documents.

If you're registering a Limited Liability Partnership (LLP) using FiLLP:

• Upload the No Objection Certificate (NOC) and other required documents in the "Proof of office address" field.