DRAFT OF N.O.C.

FROM CO-OPERATIVE HOUSING

SOCIETY / PREMISES CO-OPERATIVE SOCIETY (TO BE
OBTAINED ON LETTER HEAD OF THE SOCIETY)
Date :
To,
The .
_____________________________,
_____________________________.
RASEC, Borivli (W), Mumbai 400 092.
Dear Sir,
Re : Permission to mortgage the Flat / Unit / Shop No. _____ In our society /
industrial estate.
At the request of Shri /Smt /M/S __________________________________
Our society has to inform you as under:
1) Our society is registered as a Housing / Premises Co-operative Society under the
Maharashtra Co-operative Societies Act, 1961.
2) There is registered conveyance / lease deed dated ____________ whereby the
land and building known as __________________________________ is conveyed/
transferred to the society.
3) We assure you that the said Flat / Unit / Shop as well as the said building and the
land appurtenant thereto are not subject to any encumbrance, charge or liability of
any kind whatsoever and that the society has a clear and marketable title to the said
property and every part thereof.
4) The Flat / Unit / Shop no. ____________ admeasuring ______________ sq. ft.
(Carpet / Built-up / Super Built-up area) situate on ___________ floor of the said
building is in the possession of Shri / Smt / M/s. ____________________________
5) The full consideration money in respect of the said Flat / Unit / Shop has been paid
By Shri / Smt / M/s. __________________________
6) (a) Shri / Smt / M/s. _____________________________________ is / are
member/s of our society, share certificate no. ______ bearing serial
no.
_________________ to ______________ stands in his / her /their
name.
6 (a) OR 6 (b)
(b) Share certificate is still not issued. However we agree to send the
same to the Bank directly when issued.

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7) (a) Our society has no objection to your giving finance to Shri / Smt / M/s.
_____________________________________ and his / her / their mortgaging the
said Flat / Unit / Shop to your Bank by way of security for repayment of the loan and
the society has noted the Banks charge on the said Flat / Unit / Shop in its record.
7(a) OR 7 (b)
IN CASE OF RESALE
7) (b) Our society is aware that Shri /Smt / M/s. ___________________________
Has / have sold / agreed to sell all his / her / their rights, title, interest in respect of
the said Flat / Unit / Shop to Shri / Smt / M/s. ________________
Under an agreement for sale / document dated ____________ and the society
hereby confirms that it has no objection for the same.
The society shall enroll Shri / Smt / M/s. (the purchaser)_____________
____________________________ as its member on completion of the
transfer
formalities in respect of the said Flat / Unit / Shop no.
____________________
Shri /Smt / M/s. ______________________________________________ The
proposed purchaser of the said Flat / Unit / Shop has informed our society that He /
she / they has / have approached your Bank for advance / loan / credit facilities
against mortgage of the said flat/ Unit/ shop to your Bank. The society hereby
confirms that it has no objection to
Smt/M/s.____________________________________________ (the Purchaser)
mortgaging the said Flat / Unit / Shop to your Bank by way of security for repayment
of the loan and the society has noted the Banks charge on the said Flat / Unit /
Shop in its records.
8) The society will not allow the transfer / further transfer of the said Flat / Unit / Shop
No.
_______________ belonging to / to be purchased by Shri / Smt / M/s.
___________________________________ or addition of any name on the share
certificate without the prior written consent of your Bank.
9) The society irrevocably agrees to recognize either the Bank of the purchaser from
the Bank as its member in future, if the Bank owing to defaults, transfers the
security to its own name or disposes of the said security subject to the bye-laws of
the society.
10) The society lastly confirms and agrees that you Bank shall be the first nominee in
respect of the shares and other interests of Shri / Smt / M/s.
_______________________________________________ in the society including
the said Flat / Unit / Shop no. _____________________

Yours faithfully,
Hon. Secretary / Chairman / President

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