NOC Allowing Promoters To Join Another Business

This NOC is issued by a group of promoters in order to grant permission to one of the promoters to join any other business. This agreement is required in case a promoter wants to allow one of the other promoter to work or associate with another organisation while continuing to be the promoter of the existing company. This NOC legally permits the promoter to work for both the organisation.

The NOC can be made legally enforceable if it contains the signature of the authorised signatory chosen by other promoters on company's letterhead. This agreement can be used if any of the following permissions are to granted to one of the promoters: 1.start his own business 2.consult another business 3.work for another company

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Frequently Asked Questions

This NOC is issued by a group of promoters in order to grant permission to one of the promoters to join any other business. This agreement is required in case a promoter wants to allow one of the other promoter to work or associate with another organisation while continuing to be the promoter of the existing company. This NOC legally permits the promoter to work for both the organisation.
Who needs this agreement and why?
The NOC can be made legally enforceable if it contains the signature of the authorised signatory chosen by other promoters on company's letterhead. This agreement can be used if any of the following permissions are to granted to one of the promoters: 1.start his own business 2.consult another business 3.work for another company
What is the use of Annexure?
There are no major clauses in this NOC.
There are no key jargons used in this document.
What are the legal jargons used in this agreement?
It does not contain any annexure section.
How to use this agreement?
There are no major clauses in this NOC.

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