The process for change name in share certificate in Sikkim is the same as elsewhere in India. It involves updating the name on the certificate to reflect a legally changed name. This is an important step for individuals who have changed their name, as the share certificate serves as proof of ownership for the shares held.
As a record of ownership for the shares held, the name on the share certificate must be kept current. Obtaining the current share certificate, confirming the shareholder’s identity using a government-issued ID, providing a change of name certificate (if applicable), submitting the necessary paperwork to the company, and receiving the new share certificate are the usual steps in the process of changing a shareholder’s name on a share certificate in Sikkim.
The specific requirements might differ depending on the business issuing the shares, but adhering to these general guidelines ensures a smooth transaction.
Applicant can contact Yourdoorstep if you wish to complete the registration process for a name change. Make sure the application form is filled out correctly before submitting it.
Change name in share certificate in Sikkim
A written or digital record attests to your ownership of shares in a corporation is known as a share certificate. Typically, this information includes the name of the company, the shareholder’s name, the number of shares held, and the type of stock. The share certificate may also contain the date of issuance, the par value of the shares, and the signature of a company representative.
A share certificate is an important document because it establishes the shareholder’s ownership rights in the company. The certificate serves as proof of ownership when transferring shares, making an investment, or applying for a loan because it identifies the shareholder and the number of shares they own.
The registrar of the corporation issues share certificates, which can be printed out or stored electronically.
Documents required for name change in share certificate in Sikkim
The following documents are mandatory for a name change in share certificate in Sikkim:
- An application for a name change that has been completed and signed by the share holder and includes new name, contact details, and current name.
- A photo ID issued by the government, such as a passport or driver’s licence, is required for identification.
- Supporting documents like a court order or a marriage certificate might be needed depending on the reason for the name change.
- The original share certificate that you would like to have the name changed on.
- Marriage Certificate, if you want to Change names after marriage.
Eligibility for name change in share certificate in Sikkim
The eligibility for a name change in share certificate in Sikkim is determined by the relevant government authority responsible for processing name change applications. Changing name is possible for any publicly traded company that issues them to its shareholders. This includes publicly traded and privately held businesses that issue share certificates.
In general, the original share certificate and documentation of the name change, such as a marriage certificate, divorce decree, or court order, are required in order to change the name on a share certificate. It is crucial to confirm the specific requirements with the corporation as there may also be specific procedures that must be followed.
Reasons for Name Change in share certificate
You may change your name on a share certificate for a number valid reasons, including:
- Marriage: After getting married, many people decide to change their name, either by adopting their spouse’s surname or by combining their birth name and their spouse’s surname.
- Divorce: After getting divorced, some people decide to go back to using their birth name or a previous married name.
- Adoption: Those who are adopted have the option of changing their names to reflect those of their adoptive parents.
- Legal name change: You may need to update your name on your share certificate to reflect the change if you have legally changed your name for any reason, such as personal preference.
Legal Restrictions on Changing Your Name
In general, there are certain conditions under which a change of name on a share certificate may not be allowed. These can include:
- Fraudulent activities: If the name change is discovered to be a component of fraudulent activities like tax evasion or money laundering, it may not be permitted.
- False information or factual misrepresentation: If a shareholder gives false information or makes a false statement about a fact during the name change process, the change might not be permitted.
- Non-compliance with regulations: If the shareholder fails to follow the necessary procedures or comply with the applicable regulations or requirements for the change of name, such as submitting the required paperwork, the change may not be permitted.
- Legal restraints: The name change may not be permitted if there are legal restraints or judgements that forbid it, such as a court order or bankruptcy proceedings.
Procedure for name change in share certificate
There are specific steps that must be taken if the name on a share certificate needs to be changed in the state of Sikkim such as obtaining the current share certificate, verifying identity with a government-issued ID, providing a change of name certificate (if applicable), submitting the required documents to the company and receiving the updated share certificate.
The sequential steps you can follow to change your name in share certificate in Sikkim are as follows:
- Assemble the necessary paperwork: This typically consists of the original share certificate, identification documentation, and name change documentation.
- Contacting the business To change the name on your share certificate, get in touch with the corporation or the appropriate department within the corporation. They might give you a specific form to complete or request that you write a letter of request.
- Fill out the necessary paperwork or draught a letter of request: Fill out the necessary paperwork or compose a letter requesting the name change and outlining the rationale. Include your full name, new name, and contact information.
- Await the corporation’s decision: The company will consider your request and decide whether to approve it. They will issue a new share certificate in your new name if your request is granted.
It is crucial to confirm with the company the precise policies and guidelines that apply to your situation, as well as any additional paperwork or fees that might be necessary in some cases.
How to publication change notification in Gazette?
The name change in share certificate must be published in the official gazette, which is a public journal that publishes legal and official announcements. This is done to ensure that the change of name is publicly known and recorded
A specific set of protocols is necessary for the name change procedure. By following the steps below, you can change your name in the official gazette:
- Complete the name change process with the corporation: Follow the procedure for changing the name on a share certificate as outlined above, and receive approval from the corporation.
- Obtain a certificate of the name change: The corporation may issue a certificate that confirms the name change on the share certificate.
- Publish the name change in the official gazette: Submit the certificate of the name change to the relevant authority responsible for publishing legal and official announcements, such as the official gazette, for publication.
- Wait for confirmation of publication: The relevant authority will review the submission and confirm that the name change has been published in the official gazette.
Necessary steps for name change in gazette are as follows:
First Step: Submission of an Affidavit for Name Change
A written declaration that is professed to be true in front of a representative, such as a notary public, is known as an affidavit. An affidavit is used in the context of a name change to provide identification documentation and support for the request.
The initial step is to prepare a name change affidavit that includes your current name, new name, and the reason for the name change. This document should be signed and notarized.
An affidavit includes:
- Current name
- New name
- Reason for name change
- signature
Step 2: Publish ad in newspaper
Following the submission of the affidavit, the person is required to publish a notice of the name change in a regional newspaper or another approved publication.
This notice’s objective is to give interested parties a chance to voice any concerns they may have about the suggested name change.
The following steps are typically involved in publishing a name change ad in a newspaper:
- Create the advertisement: Include the new name, the old name, and the date of the change in a brief ad announcing the name change.
- Selecting a newspaper Choose a regional newspaper that receives a lot of readership in your area, then get in touch with them to find out their advertising rates and requirements.
- Place the advertisement: Send the advertisement and the required advertising fee to the newspaper for publication.
- Wait for publication: It may take several days or weeks for the advertisement to appear in the newspaper.
Step 3: Gazette publication
Publication in a government-issued publication, such as an official gazette, which is a periodical publication that contains official government notices, proclamations, and announcements, is referred to as a gazette publication.
A name change must be notified to the Gazette Office to complete the renaming process. Once the Gazette notification is published, your name will be legally changed.
The steps involved in gazette publication vary depending on the jurisdiction, but they usually include:
- Get the document ready: Create a brief announcement detailing the name change, including the old name, the new name, and the effective date.
- Send the document: Send the document, along with any necessary fees, to the appropriate authority that is in charge of publishing legal and official announcements, such as the official gazette.
- Wait for publication: It may take several days or weeks for the document to be published in the official gazette.
- Obtain a copy: Obtain a copy of the published document in the gazette, which will serve as evidence of the name change.
The Government Gazette office in Sikkim is situated at Civil Lines, Sikkim 110054
Conclusion
In conclusion, changing the name on a share certificate involves a number of steps and requirements, including the preparation of a name change affidavit, the publication of a name change ad in a newspaper, and gazette publication.
It is crucial to confirm the specific requirements and procedures that apply to the relevant authorities and organizations in your jurisdiction. This might entail getting the required paperwork, like a marriage certificate or divorce decree, and going through the procedures for legally changing your name.
You can ask for a new share certificate with your updated name after completing all the requirements. This certificate can be used to demonstrate your ownership of shares in a company. To guarantee that your rights as a shareholder are safeguarded, it is critical to keep your share certificate accurate and up-to-date.
FAQs
Q1. What is a share certificate?
A1. A share certificate is a piece of paper that a business issues to confirm ownership of a certain quantity of shares in the business.
Q2. Why would someone change their name in share certificate?
A2. A name change on a share certificate might be required for administrative reasons, like fixing a spelling error, or it might be required due to a legal name change, like a marriage or divorce.
Q3. How can I change the name on my share certificate?
A3. You must get in touch with the business that issued the certificate in order to request a name change on a share certificate. The business will give you the necessary paperwork and instructions on how to finish the name change procedure.
Q4. What are the documents needed for name change in share certificate?
A4: A completed name change request form, identification documentation, and a copy of the pertinent legal document (such as a marriage certificate or divorce decree) that changed your name may be needed in order to change your name on a share certificate.
Q5. How much time does it take to change a name on a share certificate?
A5. Depending on the company and the jurisdiction, it may take longer or shorter to change the name on a share certificate. The company will be able to give you an estimated timeline, and it usually takes a few weeks to a few months
Q6. Is there a fee for a name change on a share certificate?
A6. Yes, there might be a fee to change the name on a share certificate. The cost will vary depending on the business and the location.
Q7. Is an affidavit necessary for a name change on the share certificate?
A7. Yes, the affidavit is absolutely necessary for name change, as it contains many crucial pieces of information that are necessary for the process of name change.
Q8. Is gazette publication necessary for a name change?
8. Publication in the Gazette is required for government employees but not for everyone else. However, they might ask you for a copy of the Gazgazette you need to change your name on a number of certificates and identification cards. You must therefore announce your new name change in the gazette.
Q9. Do I have to pay the name-change fee every time I change my name on a share certificate?
A9. If you change your name more than once, you’ll probably have to pay the name-change fee on a share certificate every time. You can get more details about the company’s specific policies from them.
Q10. What information should be included in the name change advertisement?
A10. Your full name before and after the change, the reason for the change, the date it was made, and a statement that you have no intention of defrauding creditors or carrying out any illegal activities under the new name should all be included in the advertisement for a name change.
Also Read:
- Affidavit for Name change in Share Certificate
- How to Name Change in Share Certificate in Delhi in Rs.999 Full Procedure
- How To Change Name in Share Certificate in Goa?
- How to Change name in share certificate in Shillong?
- How to Change Name in Birth Certificate in Maharashtra
- How to Change Name in birth certificate in Punjab
- How to Change Name in Share Certificate in Jodhpur
