Change Name In Share Certificate In Mizoram

Change Name in Share Certificate in Mizoram is very lengthy process. There are many reasons why people change their name, In this article we are going to share the full procedure of name change in share certificate in Mizoram.

The Name change procedure can be carried either by hiring a lawyer or going straight to the government agency in charge of registering the name change.

Reasons for Change Name in Share Certificate in Mizoram

Reason For the Change Name in Share Certificate in Mizoram

You could want to modify your name on a share certificate for a number of reasons, such as:

Marriage: Many people decide to take their spouse’s surname as their new name after getting married.
Divorce: After a divorce, a person may decide to resume using their former name or adopt a new surname.
Personal Preference: Some people can only wish to use a different name for purely professional or personal reasons.
Error in Original Name: An individual may decide to change their name if the original name on the share certificate contains a mistake, like a misspelling middle name or an inaccurate spelling.
Legal Name Change: In some circumstances, a person may wish to update their share certificate to reflect a name change they underwent through a formal procedure, such as a deed poll.

To ensure that a name change is effective, it is crucial to adhere to the laws and processes precisely.

Benefits of Legally Change Your Name in Share Certificate in Mizoram

Legally changing your name on a share certificate in Mizoram has various advantages, including:

Accurate Record Keeping: The corporation and the government will have an accurate record of your ownership of the shares if you change your name on a share certificate. This is crucial if you want to modify your shareholding, transfer your shares to someone else, or use it for tax purposes.
Legal Recognition: A legally changed name on a share certificate guarantees that the law will recognize and preserve your ownership of the shares. This might give you piece of mind and security in the event that there are any disputes or legal problems involving your shares.
Consistency: You can easily manage your finances and assets by changing your name on a share certificate so that it appears consistently on each of your financial and legal documents.
Ease of Transactions: It is simpler to manage and transfer your shares, as well as to sell or exchange them if necessary, when you have a Share Certificate with your legal name on it.
Professional Identity: Your professional identity can also be reflected on a share certificate with your legal name on it. This can help you establish credibility and a distinct and consistent identity in business and financial interactions.

If they are carried out lawfully and properly, name changes on share certificates in Mizoram are beneficial. To ensure that your name change is successful, be sure to follow the right steps and procedures.

Rules involved in legal Name Change in Share Certificate in Mizoram

Name changes on share certificates in Mizoram are advantageous if they are done so legally and appropriately. Make sure to take the proper actions and follow the correct procedures to make sure your name change is successfully:

Legal Name Change: You must go through a legal process, such as a Deed Poll or a court order, in order to legally change your name if you are doing so because of marriage, divorce, or personal preference.
Document Requirements: You will be asked to provide a copy of the official documents changing your name, as well as proof of identification and share ownership.
Company Requirements: To find out if there are any particular requirements for altering your name on the Share Certificate, you should speak with the firm that issued your shares. While some businesses might offer an online method, others might require you to submit a written request.
Gazette Notification: You might be obliged to publish a notification of your name change in the local newspaper and the Mizoram Official Gazette. In order to prevent fraud and misunderstandings about your ownership of the shares, as well as to make sure that the public is informed of the change.
Timeframe: Depending on the business and the method, it may take a while to change your name on a share certificate. It is crucial to confirm the company’s precise timeline and make plans in accordance with it.

Required Documents For Name Change in Share Certificate in Mizoram

You must give the business and the government specific documentation in order to alter your name on a share certificate in Mizoram. The most typical documents needed for the procedure are listed below:

Legal Name Change Document: You must present a copy of the official name change document, such as a Deed Poll or a court order, if you are changing your name as a result of marriage, divorce, or personal preference.
Proof of Identity: You must present identification documentation, such as a passport, PAN card, or driver’s licence.
Proof of Share Ownership: A copy of the share certificate or a statement from the corporation attesting to your ownership will suffice as evidence of your ownership of the shares.
Request for Name Change: You might have to provide the business with a written request for the name change along with the necessary paperwork.
Gazette Notification: If your name change was published in the Official Gazette of Mizoram or a local newspaper, you might be asked to present a copy of the gazette notification.
Expenses: Fees for the legal name change, gazette notification, and any services rendered by the company, as well as any fees connected with the name change procedure, may need to be paid.

Step by Step Procedure to Change Name in Share Certificate in Mizoram

How to Change Name in the Official Gazette notification?

Legal notifications and official announcements are published in The Official Gazette, a newspaper of the Indian government. To get a name change published in the Official Gazette, a precise procedure must be followed. Obtaining a Name Change Affidavit is the first step in this procedure. Next, a newspaper name change advertisement is produced, and ultimately, the name change is published in the Official Gazette, the following steps should be followed:

Name Change Affidavit:

Getting a Name Change Affidavit is the first step towards changing your name in the Official Gazette. This is a formal record that attests to the name change and acts as evidence of the change. The Name Change Affidavit can be obtained from a lawyer or a government agency that handles name change proceedings.

Publish Name Change Ad in Newspaper:

The next action is to have a newspaper ad for a name change published. This is a necessary step in the process of changing your name in the Official Gazette. Your old name, your new name, and the explanation for the name change should all be included in the advertisement. You can post your advertisement in any local newspaper of your choice.

Gazette Publication:

Getting your new name published in the Official Gazette is the last step. In order to do this, you must submit the Name Change Affidavit, the newspaper ad, and any other necessary paperwork to the relevant government office. After reviewing the application, the government agency will decide whether to approve it before publishing the name change in the Official Gazette.

Basic Requirement for Name Change in Share Certificate in Mizoram

Depending on the business that issued your shares and governmental restrictions, there may be different requirements for change your name on a share certificate in Mizoram. But generally, the following requirements must be fulfilled:

Share Ownership: You must possess ownership documentation, such as a share certificate or a letter from the corporation, and be the rightful owner of the shares.
Legal Name Change: You must have documentation of the legal name change, such as a Deed Poll or a court order, if you are changing your name as a result of a legal name change, such as a marriage or divorce.
Age: You must meet the Mizoram government’s definition of legal age.
Residency: You have to continue living in Mizoram.
Required Documents: You must carry all necessary paperwork, including identification verification, share ownership documentation, and a name change request.
Service charges: Expenses for the legal name change, gazette notification, and any services rendered by the company, as well as any fees connected with the name change procedure, may need to be paid.

Who can Apply for Name Change in Share Certificate in Mizoram

The owner of the shares in Mizoram has the right to request a name change on their share certificate. All joint owners of the shares, if held by more than one person, must consent to the name change and give their approval.

In addition, a minor or someone who is unable of handling their own affairs owing to a disability may submit an application for a name change on behalf of a legal guardian or next of kin. In such circumstances, the guardian or next of kin are required to present evidence of their legal capacity to act on behalf of the person.

For the most recent information on who can apply for a name change on a Share Certificate in Mizoram, as well as the firm that issued your shares, it is crucial to contact both of these parties.

How to apply for Name Change in Share Certificate in Mizoram

The processes below are often followed when changing a name on a share certificate in Mizoram:

Legal Name Change: Legal name changes, such as marriage or divorce, must be formally changed in compliance with Mizoram legislation. You may need to obtain a court order or a Deed Poll in order to accomplish this.
Collect Required Documents: Collect all of the necessary paperwork, such as identification, ownership, and name change documentation.
Contact the Company: Grant a name change on your share certificate by getting in touch with the business that issued your shares. The necessary paperwork must be submitted, along with any further data the business may need.
Submit the Request: Send the corporation your name-change request along with all necessary paperwork.
Receive Updated Share Certificate: A new Share Certificate with your amended name will be issued by the company after the name change procedure is finished.

Advantages of change name in share certificate in Mizoram

In Mizoram, changing the name on your share certificate has a number of benefits, including:

Accurate Record Keeping: Your share ownership data will be more accurate and current if you change your name on your share certificate. This might be crucial for both estate planning and tax purposes.
Avoid Confusion: Changes to your name on your share certificate can assist your engage with the firm, sell or transfer your shares, and prevent misunderstandings.
Easier to Sell or Transfer Shares: Having your name accurately listed on your share certificate will help the procedure go more smoothly and simply if you need to sell or transfer your shares.
Proof of Ownership: Your changed name will appear on a Share Certificate that serves as evidence of your ownership of the shares.
Align with Legal Identity: By changing your name on your share certificate, you may ensure that your ownership of shares reflects your legal status and assist prevent future confusion or legal issues.

Conclusion

The process of changing the name on your share certificate in Mizoram is legal, and it can help to ensure the accuracy of your share ownership records, prevent misunderstandings and misunderstandings, facilitate the sale or transfer of your shares, serve as proof of ownership, and align your share ownership records with your legal identity.

Obtaining a name change affidavit, placing a name change advertisement in a newspaper, and having the name change gazetted are normally required steps in the process of changing your name on a share certificate. To alter your name on your share certificate, it’s crucial to adhere to the relevant procedures and submit the required paperwork.

FAQs

Is it mandatory to change the name on a share certificate in Mizoram after marriage?

Definitely, in accordance with state law, after marriage, the name on a share certificate must be changed.

Can I change the name on a share certificate in Mizoram online?

In Mizoram, it is not possible to change a share certificate’s name online. To finish the procedure, you must attend in person to a government office or a lawyer.

How much does it cost to change the name on a share certificate in Mizoram?

Depending on the government agency or attorney you contact, altering the name on a share certificate in Mizoram can cost different amounts. To learn more about the cost, get in contact with them.

How to Change Name in Share Certificate in Mizoram in Rs.999