What does NOC mean in ACCOUNTING
A No Objection Certificate (NOC) is a legal document issued by an individual, organization or government agency that states that they have no objection to the recipient undertaking certain specified activities.
NOC meaning in Accounting in Business
NOC mostly used in an acronym Accounting in Category Business that means No Objection Certificate
Shorthand: NOC,
Full Form: No Objection Certificate
For more information of "No Objection Certificate", see the section below.
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Essential Questions and Answers on No Objection Certificate in "BUSINESS»ACCOUNTING"
What is a NOC?
A NOC is a No Objection Certificate, which is an official document that enables an individual or company to perform an activity without any objections from the issuing party.
Who issues a NOC?
A NOC may be issued by governmental authorities, such as police departments and land registration offices, as well as private entities such as banks and companies.
What are some common uses of a NOC?
Common uses of a NOC include making investments in foreign countries, obtaining permits and licenses, transferring properties, traveling abroad and purchasing land.
When should you request a NOC?
It is advisable to request a NOC whenever you are entering into an agreement that requires it or when it would be beneficial to have one in order to prove your legitimacy or obtain certain privileges.
Final Words:
A No Objection Certificate (NOC) is an important legal document used for various activities both by individuals and companies. It can be issued by governmental authorities or private entities depending on the situation, and can provide proof necessary for various transactions including travel abroad and property transfers.
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