Let 𝒜=(An)n≥0 be an increasing sequence of rings and A=⋃n≥0An. It is shown that the ring H𝒜 (respectively, h𝒜) is Noetherian if and only if (i) the ring A0 is Noetherian, (ii) the sequence 𝒜 is stationary, (iii) for each n≥1, the A0-module An is finitely generated and (iv) ℚ⊆A0. Also, we show that if A⊆B is a ring extension and I an ideal of B, the following assertions hold: (1) if the ring H(A,I) (respectively, h(A,I)) is Noetherian, then (i) the ring A is Noetherian, (ii) the A-module I is finitely generated, (iii) the ideal I of B is idempotent and (iv) charact(A)=0. Conversely, (2) if (i) the ring A is Noetherian, (ii) the A-module I is finitely generated, (iii) the ideal I of B is idempotent and (iv) ℚ⊆A, then the ring H(A,I) (respectively, h(A,I)) is Noetherian.