Company registration : Rental agreement or NOC?

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For company registration where a director owns the office space and no rent is charged, an NOC and proof of ownership are typically sufficient. Even though the director owns the property, the company itself does not own it, so the 'hired/rented' option should be selected in the registration process.

Bhumesh Yadav

Bhumesh Yadav (Querist)

28 November 2024 If the office of the proposed company is owned by a director, and no rent is to be received, is rental agreement mandatory for company registration? Or NOC is enough?

If NOC is enough, should the property be mentioned as 'owned' instead of 'hired/rented' in Agile pro?

Dhirajlal Rambhia

Dhirajlal Rambhia

(Expert)

28 November 2024 For company registration where the office is owned by a director and no rent is charged, obtaining an NOC along with proof of ownership should generally meet regulatory requirements.
Owner of the property being director, it is not owned by company; so select 'hired/rented'.

Bhumesh Yadav

Bhumesh Yadav (Querist)

30 November 2024 Thank you so much for clarifying sir

Dhirajlal Rambhia

Dhirajlal Rambhia

(Expert)

01 December 2024 You ae welcome.

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