How to Change name in Share Certificate in Lakshadweep?
The process of Change name in Share Certificate in Lakshadweep, it’s a very easy process is very simple. You can change your name on your share certificate at any time
What is a share certificate?
A share certificate is evidence that a person owns a specific number of shares. When a person changes their name, they may need to update the expression on their share certificate to ensure that it reflects their new legal name.
Reasons For Change Name in Share Certificate in Lakshadweep
There are many reasons why someone might choose to change their name, including:
Marriage: It is common for people to change their names after getting married. After a woman marries, it is traditional for her to take her husband’s last name.
Divorce: Another common reason for changing a name is getting divorced. A person may change their last name to their maiden name or another character altogether.
Adoption: When a child is adopted, their name is often changed to reflect their new family.
Personal preference: Some people may dislike their name or want to change it for personal reasons.
Gender identity: Transgender people may change their names to reflect their gender identity.
Religious or cultural reasons: People may change their names to reflect their religious or cultural background.
Legal reasons: In some cases, changing your name is necessary for legal reasons, such as to avoid confusion with another person.
Career reasons: Some people may change their Names for career reasons, such as to make it easier to remember or create a more professional image.
Overall, the reasons for changing a name can be diverse and personal.
Documents Required For Change Name in Share Certificate in Lakshadweep
If you have changed your name and need to update the same name on your share certificate, you will typically need to provide the following documents:
Proof of name change: This could be a marriage certificate, divorce decree, court order, or any other legal document that shows your last Name and your new Name.
Share certificate: You must provide the original share certificate with your old name.
Identification: To obtain a passport, driver’s license, or national identification card, you must provide a valid government-issued document.
Application form: You may need to fill out an application form provided by the company or transfer agent that issued the share certificate.
Additional documents: Depending on the company’s or transfer agent’s policies, you may be required to provide other documents, such as a notarized affidavit, to prove your identity and name change.
Procedure for Change Name in Share Certificate in Lakshadweep
Following are the steps you will need to take in order to change a share certificate’s name in Lakshadweep:
Obtain a copy of the name change certificate: This certificate can be obtained from the local government authorities, such as a Gazette Notification, Marriage certificate, or any other legal document which shows your name change.
Fill out the share transfer form: Obtain a share transfer form from the company’s registrar or the stock exchange where the shares are listed. Fill in the required details, such as the name and address of the transferor (the person whose name is currently on the share certificate), the transferee (the person to whom the shares are being transferred), and the number of shares being transferred.
Submit the documents: Submit the name change certificate and the share transfer form to the company’s registrar or the stock exchange where the shares are listed.
Pay the fees: Pay the prices for the share transfer and name change.
Wait for confirmation: Wait for confirmation from the company or the stock exchange that the same name on the share certificate has been changed.
How to obtain a duplicate share certificate in Lakshadweep?
To obtain a duplicate physical share certificate due to a name change in Lakshadweep, you will need to follow the process outlined below:
Obtain a certified copy of the marriage certificate or name change certification from the competent authority.
Get an affidavit notarized stating the reason for the name change, your old name, and your new name.
Prepare a letter addressed to the company’s registrar and transfer agent requesting the issuance of a duplicate physical share certificate due to a name change.
Attach the original share certificate and the required documents mentioned in steps 1 and 2 along with the letter.
Send the letter and the documents by registered post to the registrar and transfer agent of the company.
The registrar and transfer agent will process your request and issue a duplicate physical share certificate with your new name. Please note that some companies may charge a fee for issuing the same share certificate, so it is advisable to check with the company’s registrar and transfer agent beforehand.
Process to Publication Gazette Notification
The Procedure for obtaining a gazette notification for a name change can vary depending on the country or region you are in. However, in general, here are the steps you might need to follow:
Obtain a name change affidavit: You must create an affidavit stating your old and new name, the reason for the name change, and other personal details. This affidavit will need to be notarized by a public notary.
Obtain supporting documents: You must provide supporting documents such as your birth certificate, address proof, and identity proof. Your state may have different requirements for these documents.
Publication on newspaper: –
In the second step, the shareholder needed to advertise your name change in two local newspapers.
But there are some important things to remember while advertising. Otherwise, it will create further issues in the process.
- New Name of Applicant
- Old Name of Applicant
- Date
- Full Address of Applicant
- Age of Applicant
- Notary Name who attested the declaration of facts
- Father’s/Husband Name of Applicant
Gazette Publication:
In order to change the notification, the shareholder must now publish their name in the Gazette. This process requires some important documents, including the following documents: –
- Hard copy of name-changing affidavit
- Newspaper Publication hard copy
- Hard Copy of the Name Changing form.
- Two Passport Size Photographs of shareholders.
- Shareholders Photo identity Proof
Apply: You must submit your name change affidavit and supporting documents to the government department or agency responsible for publishing gazette notifications.
Wait for approval: After submitting your application, you must wait for the concerned authority to approve your name change request. This can take several weeks or even months.
Publish the gazette notification: Once your name change request has been approved, the government department or agency responsible for publishing gazette notifications will post a notification in the official gazette of your region. This notification will contain your old and new name and other relevant details.
Benefits of Legally Name Change in Share Certificate
Changing the same name on a share certificate in Lakshadweep can provide several benefits, including:
Clear ownership: If the Name on the share certificate does not match the current owner, it can lead to confusion and legal issues. Changing the name on the certificate ensures that the current owner’s name is listed, making it easier to prove ownership.
Easier share transactions: When the Name on the share certificate matches the current owner, it becomes easier to buy, sell, or transfer shares. This can save time and effort in the long run.
Avoiding legal issues: If there is a dispute over the ownership of shares, it can lead to legal problems. Changing the same name on the share certificate can prevent such conflicts from arising in the first place.
Updating personal information: Changing the Name on the share certificate can help individuals keep their personal information current, which is essential for tax and other legal purposes.
Improved creditworthiness: If the shares are held by an individual, changing the same name on the share certificate can help improve their creditworthiness. This is because the claims are considered an asset, and having clear ownership can improve one’s financial standing.
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