How to change name in share certificate in Jharkhand?
Change name in share certificate in Jharkhand is not a tough process; Anyone can change their change name in share certificate by sitting at home.
Share certificates are written papers attested on behalf of a company or corporation and serve as a form of ownership documentation by declaring the amount of shares indicated. Stock certificate is another term for the share certificate.
Investors who buy stocks that a company issues in the market are awarded share or stock certificates. Share certificates essentially serve as a purchase receipt and show who owns shares of a particular corporation. Share certificates prove registered ownership and display the date of registration.
Reasons for a change name in share certificate in Jharkhand
- After a marriage, it is common for the wife to take her husband’s surname. A name change on significant papers is necessary in this situation.
- Divorce – Once a marriage dissolves, many women take back their maiden names, dropping their ex-last husband’s name.
- Dislike of Existing Name – It’s not unusual for people to seek to alter their given names because they don’t like them. When changing a name in Jharkhand, there is a certain process to follow.
- For religious reasons – You may have seen people frequently changing the spelling of their names or adding an extra letter. Numerological or astrological factors are the main causes of this.
- Political History – Many politicians and those with political aspirations change their names in order to build ties to their home communities.
- Identity Makeover – People may decide to alter their names for a number of reasons, including improving their professional image or becoming members of another religion.
Document required for change name in share certificate in Jharkhand
Any shareholder who wishes to change or update the name on the share certificates they already own must submit an application to the company or RTA with the required supporting documentation:
1. A letter of request that explains the change in name.
2. An affidavit.
3. Attested copies of the marriage certificate or the government notice.
4. The PAN card must be self-attested and notarized.
5. Self-attested copy of officially notarized address proof. (For instance, Aadhar, a voter ID, a driver’s licence, a bank statement, etc.)
6.Original Share Certificate.
What is share certificate?
A share certificate is a document provided by a corporation and certifies that the person listed as the owner of the shares of the firm specified on the certificate actually owns those shares. Following establishment, corporations are required by the Jharkhand Companies Act to issue share certificates. A share certificate must include information.
How to obtain duplicate share certificate?
Step 1: The shareholder should inform the corporation that the share certificate has been misplaced or lost as soon as possible. An email or a letter should be used for such a communication. The shareholder must inform the company of the missing share certificate’s details, including its name on the certificate, its number, the number of shares, and its folio number, among others.
Step 2: The shareholder must carry out the following actions:
File a report with the police station about the misplaced or lost share certificate(s), including the share certificate number(s), shareholder name, distinguishing number(s), and the number of lost shares.
The shareholder must provide the following paperwork to the business in
Step 3: A letter of request properly signed by the shareholder, an indemnity bond, an affidavit, and a copy (duly attested) of the police station-filed FIR for a misplaced share certificate are all required (s).
Step 4: Upon receipt of the request letter and other appropriate papers, the Board must conduct the necessary actions to ensure the legitimacy of the documents and, after due confirmation, approve the item by adopting a board resolution for change name in share certificate in Jharkhand.
Step 5: The Board will decide how much it costs to issue duplicate share certificates, but each certificate cannot cost more than Rs. 50. (as mentioned AOA of the Company).
Additionally, if the company decides to investigate the information presented by the shareholder, it may ask the shareholder to pay for any out-of-pocket costs incurred by the corporation.
Step 6: After receiving approval and payment from the shareholder, the company will issue a duplicate share certificate (or certificates) to the shareholder within three months of the date the shareholder submitted all necessary paperwork.
Step 7: The words “Share Certificate(s)” should appear on the certificate’s face change name in share certificate in Jharkhand.
Procedure to Publish Gazette Notification
The process for publishing a gazette notice
Step 1: Get a name change form from the official state department of publication website or the government press for change name in share certificate in Jharkhand.
Step 2: Complete the form’s questions regarding your former name, new name, the cause for a name change, etc.
Step 3: Provide a copy of the affidavit requesting a name change and the address evidence.
Step 4: Publish Advertisement in newspaper.
Step 5: Send the paperwork, fees, and necessary information.
Step 6: The publication department will publish the gazette notice once the documents have been confirmed.
Benefits of change name in share certificate
1. Consistency in Records: One technique to stay current and accurate is to change the legal name on a share certificate. This will ensure that all records are consistent.
2. Improved Record Keeping: Having a formal name change guarantees that all documents relating to the share certificate are updated with the new name, making it simpler for people to handle their financial investments.
3. Legal Protection: Changing your legal name safeguards you and eliminates the chance of identity theft or other legal concerns resulting from an erroneous name on official documents.
4. Transactions are clearer: As all records would now relate to the new name, it would be simpler for the individual to take part in financial transactions and to manage their investments if their share certificate reflected the legal name change.
5. Peace of Mind: Since an individual can identify with the name they like on their share certificate, changing their legal name offers peace of mind and a feeling of personal fulfilment. These are the reasons for change name in share certificate in Jharkhand.
Conclusion
While changing the name on a share certificate may appear challenging, it can be accomplished successfully if all necessary paperwork is presented and the proper protocol is followed. The entire process is carried out to prevent potential legal issues and benefit from conformity with the law, accurate records, and simple financial transactions.
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