The process of change name in share certificate in Arunachal Pradesh is not very straightforward.
A share certificate is a document that is given by a company that sells its shares. When a person buys a certain amount of shares from a company, they receive a certificate specifying and legalizing their purchase. This share certificate is a written document that has the signature of the previous owner of the share, which is mostly the owner of the company. There are times when people want to or need to change specific details in the share certificate, and this process differs from state to state. This article explains the process of change name in share certificate in Arunachal Pradesh.
Importance of share certificate:
A share certificate is essential as without it, and no one can justify that you are the owner of the mentioned shares. It tells that you have given the required amount and legally purchased the shares. In the future, if you wish to sell a portion of your claims, it is essential to show the share certificate. This certificate is the authentication of your purchase and your command over those shares.
Types of share certificates:
There are two types of share certificates issued by the Government of India. They are as follows:
- Registered Share Certificate: Registered share certificate only gives a person ownership over the shares. The person does not have the right to hold any rights over the claims.
- Bearer Share Certificates: Bearer share certificates give the person both ownership and rights over the shares. This certificate is more potent than the registered share certificate as it provides the person with the right to use those shares as per their wish.
The name change process is the same for both the certificates in Arunachal Pradesh and all over India.
Share Certificate Name Change Procedure in Arunachal Pradesh
The process of name change is entirely online. It requires the person to follow a few guidelines and keep available essential documents as mentioned by the Securities and Exchange Board of India (SEBI). The name change in share certificate in Arunachal Pradesh can be confusing as it is not said to be an easy process. There are various steps involved that make the probability of mistakes more.
Reasons of name change in share certificate in Arunachal Pradesh
The name change in share certificate in Arunachal Pradesh is a legal process and approved by the Government of India. There can be many reasons behind change of name on the share certificate. Below mentioned are some of those reasons:
Religion and related matters:
When a person changes their religion, the name also changes along with it. And when you have officially changed your name on the birth certificate, it is essential to change the name in all the other legal documents.
Divorce (applicable only to women):
Divorce is another common reason people change name in share certificate in Arunachal Pradesh. This reason follows only women, as men’s name does not change after marriage. After divorce, women can change their names in the share certificate using the steps mentioned later in the article.
Dissatisfaction with the name
People change their name on the share certificate because they do not like the name that was initially given to them at the time of their birth. If a person changes their name on the share certificate, they would have to change the name on the birth certificate before that.
Wrong name in the official records
People change name in share certificate in Arunachal Pradesh because of this reason as well. Their name in the official records had an error and needed to be correctly printed. After rectifying that mistake, they can change their name on the share certificate.
Marriage
After marriage, women have to change their surnames to that of their husbands. Not all women like to do so, but if you do, you can change name in share certificate in Arunachal Pradesh following the steps mentioned in this article.
Gender change
You can change your name in share certificate in Arunachal Pradesh if you have changed your gender and your old name does not suit your new gender identity. You would also have to change the gender in the document along with your name.
Spelling errors
The risk of having spelling errors on your legal documents is a common mistake made while printing or documenting your information. This could be rectified by creating a new share certificate.
Required Documents to Complete Name Change Process
To change your name in share certificate in Arunachal Pradesh, you must have the following documents with you:
- Write a request letter mentioning the reason for the name change
- Your Affidavit
- Copy of your address proof, issued by the Government of India.
- Copy of your PAN card issued by the Government of India
- Copy of your marriage certificate if this applies to you.
- And the original share certificate that you wish to change.
You have to ensure you have these documents as a soft copy on your electronic gadget. Save them in jpeg format as others are not accepted.
Change Name in Gazette Office Arunachal Pradesh
To change your name in share certificate in Arunachal Pradesh, follow the following four steps:
Name Change Affidavit
Step 1: The first step for the name change procedure is to make an affidavit. This document must contain your old name, new name, and the reason behind the change. It should also have your other details, like your father’s name, if married, your husband’s name, address, and ID proof.
Advertisement in Newspaper
Step 2: After completing the step mentioned above, you need to publish an article in the newspaper. This is done in order to let everyone know that you have changed your name, and they can use the new name to address you from now on. You would have to publish the article in two newspapers; one has to be in a regional language or the Hindi newspaper, and the second one in the English newspaper.
Keep in mind the following points while writing the article:
- The new name selected
- The old name that would no longer be used
- The date when the application was approved
- The full address of the person
- The age of the person
- The name of the official department where the application was submitted
- Mention the names of your father and husband. The husband’s name is optional.
Before sending the material for the advertisement in the newspaper, make sure that you rechecked all the details; missing out on any detail will result in the rejection of the name change process.
Gazette Publication
Step 3: After the advertisement publication, you would have to get a Gazette from the Government of India. To do so, you would have to send a few documents to your local notary.
- The Affidavit written by the applicant which was addressed to the notary. This document has to be a hard copy.
- If the applicant lives abroad, the person has to submit an affidavit approved by the Local Embassy of the particular state for further processing in Arunachal Pradesh.
- Submit a hard copy of the newspaper advertisement. Make sure the newspaper advertisement has all the details required. Do not submit the whole newspaper, just the advertisement.
- Make a digital CD that has a soft copy of the specimen. Name the CD- Soft copy of the specimen in compact disc.
- The name change deed would be sent in accordance with the Ministry of Home Affairs O. M. No. 190016/1/87-Estt. Dated 12./03/1987.
- Submit a demand draft of Rs. 1100/- for the major and Rs. 1700/- for the minor. This draft is drawn with respect to the Controller of Publications, Delhi.
- Submit two passport-size photographs that resemble your present self.
- Submit a Photo ID proof issued by the Government of India
- Submit an application saying that the information mentioned in the hard copy and the soft copy are the same and accurate. This application should be signed by the applicant.
- There should be a foreword or content letter that mentions all the documents enclosed in the application.
Step 4: The following steps have two different scenarios. Refer to the one that applies to you.
Scenario 1: If your shares are in physical form, use this method to apply for the name change in the share certificate in Arunachal Pradesh:
- Submit a document to the Registrar and the Share Transfer Agent, mentioning your new name, old name, and the reason for the name change. Make sure the spellings are accurate and precise.
- Submit all the documents mentioned above in the article. Make sure all the documents are present and accurate.
- Submit the original share certificate with other documents. Make sure you attach the original certificate and not the xerox.
- Recheck all the documents and affidavits; send them if they are all present.
Scenario 2: If your shares are in Demat form, use the below method to change of name in Arunachal Pradesh:
- You need to visit the organization where you have opened the Demat account and search for the name change application.
- Refer to the process mentioned on the site and submit the application along with the documents mentioned there.
Use the process mentioned earlier to complete your name change in the share certificate in Arunachal Pradesh quickly and safely. It may seem like an extensive process, but it is simple if done with a calm mind and by following all the steps.
Name Change agent in Arunachal Pradesh
Yourdoorstep can help you change your name in Arunachal Pradesh in any document you need. They offers name change services in Arunachal Pradesh at Yourdoorstep. Call yourdoorstep team, and they will provide you with the best solution.
Faq
Is the name change process legal?
Yes, the name change process is legal as the Government of India approves it.
What are the documents required to finalize the name change process?
There are many essential documents required for this process, but the main ones are your Affidavit, Photo ID proof, original share certificate, and newspaper advertisement copy.
Is the Affidavit necessary for the name change process?
Yes, Affidavit is necessary for the name change process as it has the new and old name along with the reason for the change. Without this document, the application stands rejected.
Is it possible for minors to change names in the share certificate?
Yes, minors can change names in the share certificate. There are different fees for both majors and minors, which is the only thing that needs to be remembered.
What are the common reasons for the name change process?
Some of the common reasons for the name change process are marriage, spelling errors, divorce, astrological reasons, not being happy with the name, etc.
Also Read:
- How do you Name change in birth certificate In Uttarakhand?
- How to Name Change in Passport in Chennai?
- How to change Name in Birth Certificate in Delhi
- How to name change in birth certificate in Gairsain, Uttarakhand?
- How to change name in birth certificate in Himachal Pradesh?
- How to change name in birth certificate in Gangtok? Correction in Birth Certificate Sikkim
- How to Name Change in Birth Certificate in Thiruvananthapuram, Kerala.
- How to Change Your Name in birth certificate in Lakshadweep
