How to Change Name in Share Certificate in Himachal Pradesh?
Change name in share certificate in Himachal Pradesh is an easy process, you can do it online.
Changing your title in your share certificate may be a simple and direct prepare in Himachal pradesh. There might be different reasons why you might need to alter your name in your share certificate, such as a alter in your conjugal status, or in the event that you have got legally changed your name.
Anything the reason may be, it is important to upgrade your title on your share certificate because it may be a lawful record that speaks to your possession within the company. In this article, we’ll direct you through changing your title in your share certificate in Himachal Pradesh.
What is Share Certificate?
Share certificates serve as legal proof that a person holds the number of shares listed on the document signed on behalf of the corporation. The term stock certificate can also refer to a share certificate.
A share certificate holds information about the shareholder and the number of shares the shareholder owns of a particular company.
A share certificate holds all the essential information about the purchase of the company shares.
The share certificates consist of the following:
- Name of the firm whose shares are sold. Only the company whose shares are bought can issue the share certificates.
- Corporate Identification Number (CIN). CINs are alphanumeric codes consisting of 21 digits issued to companies incorporated in a country.
- Full registered address of the company. As by the name, it has the proper address of the company issuing the certificate.
- Full legal names of the shareholders. It means the name that is on their other personal documents.
- Member’s folio number. A member’s folio number acts as an identification code for the person with an account in mutual funds. It is like a bank account number, which helps show the investors in mutual funds. It also held all the records of the money that the Investor has distributed within the fund along with all the transaction details.
- Number of shares bought by the investor. It shows the number of shares the investor/shareholder bought of the company.
- Amount of money spent by the investor to buy the shares. Every company has the different prize of their shares, so it shows the total amount spent on the purchase.
- Distinct number of shares. It shows how many shares the shareholder/investor owns.
Reasons For Change Name in Share Certificate in Himachal Pradesh
- When the shareholder changes his religion and changes his name.
- If the shareholder got divorced but he/she was married when they bought the shares.
- If the shareholder has dissatisfaction with their name on the certificates.
- If the shareholder was a widow and got married again.
- Numerology Reasons or Astrology reasons are the major reasons of changing the name in share certificates. This happens when the shareholder had very firm faith in Numerology or Astrology.
- When there are any spelling mistakes in the name of the shareholder or their name in official records is not correct.
- If the shareholder had done second marriage after their divorce, then also, they need to change the name in the share certificate.
Documents Required For Change Name in Share Certificate in Himachal Pradesh
There are some documents which are needed for changing the name in the certificate which are:
- Name change request letter stating the reason for the change
- Affidavit for Name Change
- Self-attested copy of address proof duly notarized.
- A copy of your PAN card that has been self-attested and notarized
- Marriage certificate if married.
- Gazette notification.
- A copy of the original share certificate.
Procedure to Change Name In Share Certificate in Himachal Pradesh
Step 1: Get Your Reports in Arrange
The primary step to changing your name in your share certificate is to induce your records in arrange. You may have to be have a duplicate of your unused title alter certificate or Newspaper notice.
This certificate is issued by the government specialists after you have got lawfully changed your title. You may too have to be have a copy of your ancient share certificate, a duplicate of your Dish card, and a duplicate of your Aadhaar card. Make beyond any doubt that all these reports are in arrange and are up to date.
Step 2: Contact the Company’s Recorder and Exchange Operator (RTA)
Once you’ve got your documents in arrange, the another step is to contact the company’s enlistment center and exchange operator (RTA). The RTA is mindful for keeping up the company’s records and can assist you alter your title in your share certificate. You’ll be able discover the contact details of the RTA on the company’s site or on the back of your share certificate.
Step 3: Fill Out the Title Alter Shape
The RTA will give you with a title alter form merely will ought to fill out. This frame will require you to supply points of interest such as your ancient title, unused title, Dish card number, Aadhaar card number, and share certificate number. Make any doubt that you just fill out the shape accurately and give precise data.
Step 4: Yield the Shape and Supporting Archives
After filling out the shape, you’ll got to yield it to the RTA beside the supporting archives such as your modern title alter certificate or Newspaper notice, your ancient share certificate, and a duplicate of your Dish card and Aadhaar card. You’ll yield these reports either online or by going by the RTA’s office.
Step 5: Hold up for the Confirmation Prepare to Be Completed
After submitting the frame and supporting reports, the RTA will confirm the data you gave. This preparation may take a couple of days or weeks depending on the workload of the RTA. Amid this time, you ought to be persistent and hold up for the confirmation prepare to be completed.
Step 6: Get Your Modern Share Certificate
Once the confirmation prepare is completed,the RTA will issue a modern share certificate in your modern title. You’ll collect your modern share certificate either from the RTA’s office or it’ll be sent to your enrolled address by post. Make sure to keep your new share certificate secure as it speaks to your possession within the company.
*If shares are in physical form: – then
- You must include the old and new names in a letter to the Registrar and Share Transfer Agent.
- For a name change, you must attach all supporting documents.
- Send your letter along with an original share certificate.
- If necessary, self-attest your letter and other documents.
if the Shares are in Demat form: –
- If you would like to change the name of your Demat account, you can visit the organization where you opened it or you can search online for the form.
- Please submit the application along with the supporting documents.
Procedure to Publish Gazette Notification
For obtaining gazette notification firstly the shareholders have to: –
An affidavit should be prepared on Rs 50/- Stamp Paper and notarized by the Local Notary Public of the State stating the reasons for the name change.
An advertisement must be published in two local newspapers when a shareholder changes his name.
A self-attested copy of the shareholder’s PAN card, an address proof, and two passport-size photos must be submitted to the Department of Publication of their state.
Afterwards, the department will publish a Gazette announcement of the shareholder’s change of name. Each state charges a different amount for Gazette notifications.
Changing your name in your share certificate could be a simple and straightforward process in Himachal pradesh. It is important to keep your share certificate up to date and precise because it represents your possession within the company. If you have got legally changed your title, make beyond any doubt to take after the steps said over to alter your title in your share certificate. By doing so, you’ll be able avoid any legal complications and guarantee that your share certificate reflects your current title.
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