Issue of NOC in favour of Financial Institutions Banks
Property buyers would definitely hear about the various no-objection certificates (NOCs) that they will have to arrange or ask the builder/seller to produce, during their house-purchase journey. NOCs are legal documents that are issued by government bodies and financial institutions, to state certain facts about the property. An NOC is a clarification that there is no legal hassle that will spring up, if the deal/transaction/business takes place.