NOC FORMAT SBI

Society NOC Format

To:                                                                                                       Date:

The

Assistant General Manager

State Bank of India

Pune

Dear Madam/Sir,

NO OBJECTION CERTIFICATE

We, (Name of Co-Operative Housing Society), hereby certify that:

1.            Flat/House No. ____ in ___________ CO-OPERATIVE HOUSING SOCIETY Situated at S.NO _____, ________________, has been allotted to MR/MRS. _______________ as per agreement to sale dated ________, registered before the Sub-Registrar of ______ under No._____, who are member(s) of our society and has been issued share certificate No.___. Further, the Society has already issued No Objection to MR/MRS. ­­­­­­________________   for sale of said flat, who, accordingly, have sold his/her/their flat No.____ to MR/MRS. ______________ vide Agreement Dated ________, duly registered before the Sub-Registrar office of ___________ under No._______ (herein after referred to as the “Sale agreement”).

                        

The Society confirms that Mr/Mrs. __________ has already been admitted as members of the society and the share certificate No.___ is transferred in his/her/their name.

Or

The Society confirms that Mr/Mrs. ______________ will be admitted as members of the society on the date of completion of the sale transaction as per the advice received from the Mr/Mrs._________.

Description of the property:     

Flat No./ House No.
Building No./Name
Plot No/Survey No.
Street No./Name
Locality/village Name
Area Name
City Name
Pin Code

Or

1.            Flat/House No. ____ in ___________ CO-OPERATIVE HOUSING SOCIETY Situated at S.NO _____, ________________, has been allotted to MR/MRS. _______________

Description of the property:     

Flat No./ House No.
Building No./Name
Plot No/Survey No.
Street No./Name
Locality/village Name
Area Name
City Name
Pin Code

2. That the total consideration for this transaction is Rs._____/- (Rupees __________ Only) towards sale of above flat as per the Agreement of Sale dated ______.

3. The society has not issued any NOC to the occupant of the said flat for mortgaging the said flat with any financial institution/Bank for availing any loan/credit facility.

Or

3. The Society has issued NOC dated ______ in favour of ________ Bank for availing loan/credit facility. Therefore, the title to the above flat shall be clear, marketable and free from all encumbrances and doubts, subject to closure of the said loan.

4. The Society confirms that, the Society have NO OBJECTION of whatsoever nature to the said MR/MRS.______________, at their own costs, charges, risks and consequences mortgaging the said flat No.____ with STATE BANK OF INDIA (herein after referred to as “the Bank”) as security for the amount advanced by the Bank to them subject to the due and proper performance and compliances of all the terms and conditions of the sale document by the said MR/MRS.____________.

5.  The Society has not borrowed from any financial institution for the purchase /development of the property and have not created and will not create any encumbrances on the flat allotted to the said Mr/Mrs.___________ (purchasers) during the currency of the loan sanctioned/to be sanctioned by the Bank to them subject to the due and proper performance and compliances of all the terms and conditions of the sale document by the said purchasers.

6. After creation of proper charge/mortgage and after receipt of the copies there of and after receipt of proper nomination in favour of the Bank, from the said purchasers, we are agreeable to accept State Bank of India as a nominee of the above named purchaser/s for the property described above and once the nomination favoring the Bank has been registered in the Society’s register and advice sent to the Bank of having done so, We confirm not to change the same without the written NOC of the Bank.

Yours faithfully,

Chairman                     Secretary

(Note: This NOC to be obtained on society’s letter head)

FROM BILDER
(Specimen of NOC to be obtained from the builder/seller on their official

letter head and signed by his authorized signatory.)

To:

The Branch Manager

State Bank of India

________________

________________

Madam/Dear Sir,

I/We, ___________________________ (name of the builder/seller), here by

certify that :

1. I/We have transferable rights to the property described below, which

has been allotted by me/us to Shri/Smt. ___________________ (name of the

borrowers) herein after referred to as “the purchasers”, subject to the due and

proper performance and compliances of all the terms and conditions of the

Allotment Letter/Sale Agreement dated _________(herein after referred to as

the “Sale document”)

Description of the property:

Flat No./ House No
Building No./Name
Plot No
Street No./Name
Locality Name
Area Name
City Name
Pin Code

2. That the total consideration for this transaction is Rs.____________ (Rs.in

words ) towards sale document and Rs.________ (Rs. )

towards ________________________.(name any other agreement, if any)

3. The title of the property described above is clear, marketable and free from

all encumbrances and doubts.

4. I/We confirm that I/we have no objection whatsoever to the said purchasers,

at their own costs, charges, risks and consequences mortgaging the said

property to STATE BANK OF INDIA ( herein after referred to as “the Bank”) as

security for the amount advanced by the Bank to them subject to the due and

proper performance and compliances of all the terms and conditions of the sale

document by the said purchasers.

5. We have borrowed from _____________________(name of the financial

institution) whose NOC for this transaction is enclosed herewith /

We have not borrowed from any financial institution for the purchase

/development of the property and have not created and will not create any

encumbrances on the property allotted to the said purchasers during the

currency of the loan sanctioned/to be sanctioned by the Bank to them subject to

the due and proper performance and compliances of all the terms and

conditions of the sale document by the said purchasers.

6. After creation of proper charge/mortgage and after receipt of the copies

there of and after receipt of proper nomination in favour of the Bank, from the

said purchasers, we are agreeable to accept State Bank of India as a nominee of

the above named purchaser for the property described above and once the

nomination favouring the Bank has been registered and advice sent to the Bank

of having done so, I/We note not to change the same without the written NOC

of the Bank.

7. After creation of charge/mortgage and after receipt of the copies thereof and

after receipt of the proper nomination in favour of the Bank, from the above

named purchaser , I/We undertake to inform the society about the Bank’s

charge on the said flat as and when the society is formed.

8. Please note that the payment for this transaction should be made by crossed

cheque/Trasfer of funds favouring “______________________________________

(Name) , _________ Bank Name) ________________ Branch , Account No.

_________________________”.

9. In case of cancellation of the sale-agreement for any reason, I/We shall

refund the amount by crossed cheque favouring the Bank A/C

“________________(name of the purchaser)”, and forward the same to you

directly.

10. The signatory to this letter draws authority to sign this undertaking on

behalf of the company/firm vide ______________ (description of document of

delegation of authority to the signatory.)

Yours faithfully,

Authorized Signatory.

Name -

Designation –

Place -

Date -

NOC SHORT FORMAT

FORMAT OF NOC TO BE OBTAINED FROM SOCIETY/BUILDER

(To be typed on the letterhead of the society/builder)

To,

The Assistant General Manager

State Bank Of India.RACPC,Pune

We M/s_________________________________________________________________hereby certify

That (Name of Builders/Society)

1.Flat/House No.___________in_____________________________________________(name of The Building.if any)situated at/to be constuced at___________________________________________Of_____________(ward)_____________bearing survey No._______has been allotted to Shri/Smt_________________________________________________________

2.That the total cost of the house/flat is Rs._________________( Rupees _______________________________________________only)

3.That title to the said land and the building thereon is clear,marketable and free from all encumbrances and doubts.

4.We confirm that we have no objection whatsoever to Shri/Smt_______________________________________mortgaging the flat /house to State Bank of India as security for the amount advanced by the Bank.

5.We have not borrowed from any financial Institution for purchase of land or construction of building  and have not created and will not create any encumbrances on the flat/house allotted to him/her/them during the currency of the loan sanctioned/to be sanctioned by the bank to him/her/them.

6.We are agreeable to accept State Bank of India as anominee for the flat/house

Allotted to shri/smt_________________________________________and once the nominations favouring the Bank has been registeredand advice sent to the Bank of having done so,we note not to change the same without the written consent of the Bank.

7.We Undertake to inform the Society about Bank’s charge on the said flat as and when the society formed.

8.This NOC will be valid only after the previous loan is fully paid to______________________________________________________________

Signature of Athorised society /builder