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    Particulars Required For NOC

    Uploaded by

    Sathish Jayaprakash
    The document outlines the documents and particulars required for three things: [1] issuing a no objection certificate (NOC), [2] approving a change in management or transfer of leasehold rights of an allotted plot, and [3] approving subleasing of a built-up area in an allotted plot. For each, it lists detailed requirements from both the allottee/transferor and the proposed purchaser/transferee or sub-lessee such as request letters, board resolutions, financial documents, shareholding details, and settlement of any pending issues.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Particulars Required For NOC

    Uploaded by

    Sathish Jayaprakash
    503 views3 pages
    The document outlines the documents and particulars required for three things: [1] issuing a no objection certificate (NOC), [2] approving a change in management or transfer of leasehold rights of an allotted plot, and [3] approving subleasing of a built-up area in an allotted plot. For each, it lists detailed requirements from both the allottee/transferor and the proposed purchaser/transferee or sub-lessee such as request letters, board resolutions, financial documents, shareholding details, and settlement of any pending issues.

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    Noc

    Original Title

    Particulars Required for NOC

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    The document outlines the documents and particulars required for three things: [1] issuing a no objection certificate (NOC), [2] approving a change in management or transfer of leasehold rights of an allotted plot, and [3] approving subleasing of a built-up area in an allotted plot. For each, it lists detailed requirements from both the allottee/transferor and the proposed purchaser/transferee or sub-lessee such as request letters, board resolutions, financial documents, shareholding details, and settlement of any pending issues.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    503 views3 pages

    Particulars Required For NOC

    Uploaded by

    Sathish Jayaprakash
    The document outlines the documents and particulars required for three things: [1] issuing a no objection certificate (NOC), [2] approving a change in management or transfer of leasehold rights of an allotted plot, and [3] approving subleasing of a built-up area in an allotted plot. For each, it lists detailed requirements from both the allottee/transferor and the proposed purchaser/transferee or sub-lessee such as request letters, board resolutions, financial documents, shareholding details, and settlement of any pending issues.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 3

    Documents/Particulars required for issuing NOC, approval for Change in

    Management/transfer of leasehold rights and Subleasing.

    The allottees have to furnish the following requisite necessary


    documents / particulars to examine and process their request in respect of issue of
    NOC, approval for change in management / transfer of lease hold rights of the allotted
    plot and subleasing of built-up area in the allotted plot:

    I. NO OBJECTION CERTIFICATE:

    1. Request of the allottee for issue of NOC with name of Bank / Financial Institutions
    with details of credit facilities.
    2. Bank / Financial Institution’s sanction letter along with detailed terms and
    conditions, indicating purpose of the loan, allotted Plot No. to be mortgaged as
    Security etc.
    3. In case of Non Banking Private Finance Company (NBPFC), proof of listed
    NBPFC to be furnished.
    4. List of Directors and shareholding pattern of the company at the time of allotment
    and as on date up to individual level / ultimate holding company including break
    up details of share holding pattern viz (i) Promoter & Promoter Group (ii) Body
    Corporate up to individual level and (iii)Financial Institutions, etc duly certified by
    a CA / CPA in their letter head.
    5. No Objection Certificate / No Dues Certificate from Bank / Financial Institutions, to
    whom earlier NOC was issued to mortgage the lease hold rights of the allotted
    plot.
    6. For allottees in SEZ, copy of renewal of LoA obtained from MEPZ.
    7. Copy of latest Annual Report / Balance Sheet & Profit & Loss Account for 3
    years.
    8. Pending issues / dues, if any, with SIPCOT to be settled.
    9. Remittance of processing fees of Rs.5,900/- (inclusive of GST @ 18%) for issue
    of NOC.

    II. CHANGE IN MANAGEMENT / TRANSFER OF LEASEHOLD RIGHTS OF THE


    ALLOTTED PLOT:

    ALLOTTEE / TRANSFEROR:
    1. Request letter signed by Proprietor / All partners / authorised signatory along with
    necessary Board resolution.
    2. Board’s consent (Resolution) for transfer of leasehold rights in the case of
    company (Pvt. / Public Ltd).
    3. List of Directors and shareholding pattern of the company at the time of allotment
    and as on date up to individual level / ultimate holding company including break
    up details of share holding pattern viz (i) Promoter & Promoter Group (ii) Body
    Corporate up to individual level and (iii)Financial Institutions, etc duly certified by
    a CA / CPA in their letter head.
    4. Functioning status and proof for functioning such as EB card / EB payment
    receipts, Invoice copies, water charge payment receipts of SIPCOT etc. for
    minimum 4 years.
    5. For allottees in SEZ, copy of renewal of LoA obtained from MEPZ.
    6. Copy of latest Annual Report / Balance Sheet & Profit & Loss Account for 3
    years.
    7. Copy of No Objection Certificate / No Dues Certificate from Bank / Financial
    Institution, to whom earlier NOC was issued to mortgage the lease hold rights of
    the allotted plot.
    8. Copy of termination agreement, if the allottee was permitted to sub-lease a
    portion of the built up area of the subject plot.
    9. In case of Amalgamation/ Merger / De-merger, copy of Amalgamation / Merger /
    De-merger order issued by the Court.
    10. Pending issues / dues, if any, with SIPCOT to be settled.

    PROPOSED PURCHASER / TRANSFEREE :


    1. Request / consent letter from the proposed purchaser / transferee.
    2. Copy of latest Annual Report / Balance Sheet & Profit & Loss Account /
    Memorandum and Articles of Association.
    3. Detailed Project report, including the product to be manufactured, process etc.
    4. List of Directors and shareholding pattern of the company at the time of allotment
    and as on date up to individual level / ultimate holding company including break
    up details of share holding pattern viz. (i) Promoter & Promoter Group (ii) Body
    Corporate up to individual level and (iii)Financial Institutions, etc duly certified by
    a CA / CPA in their letter head.
    5. In case auction purchase from Banks / Financial Institutions / Official liquidator
    (a) Copy of Sale Certificate issued by the from Banks / Financial Institutions / Official
    liquidator.
    (b) Copy of letter indicating the date of taking possession of the subject plot by the
    auction purchaser.

    III. SUB LEASING:

    ALLOTTEE / SUBLESSOR

    1. Request letter from the allottee for sublease along with a clear sketch on the
    details of built up area to be subleased, period of sub-lease, copy of sublease
    agreement, if any entered.
    2. In case of company (Pvt. / Public Ltd. ) Board Resolution for sub-leasing.

    3. List of Directors and shareholding pattern of the company at the time of allotment
    and as on date up to individual level / ultimate holding company including break
    up details of share holding pattern viz. (i) Promoter & Promoter Group (ii) Body
    Corporate up to individual level and (iii)Financial Institutions, etc duly certified by
    a CA / CPA in their letter head.

    4. No Objection Certificate / No Dues Certificate from Bank / Financial Institution, to


    whom earlier NOC was issued to mortgage the leasehold rights of the allotted
    plot.

    5. For allottees in SEZ, copy of renewal of LoA obtained from MEPZ.


    6. Copy of latest Annual Report / Balance Sheet & Profit & Loss Account.
    7. Pending issues / dues, if any, with SIPCOT to be settled.

    SUB-LESSEE:

    1. Consent letter from sub lessee, in case of company (Pvt. / Public Ltd. ) Board
    Resolution for sub-leasing.
    2. Details of product to be manufactured / line of activity.

    3. Latest shareholding pattern of the concern / firm / company including its body
    corporate up to individual level / ultimate holding company duly signed by a
    Chartered Accountant / CPA, if the sub-lessee is a group concern of the allottee.

    *******

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