The process of change of name in share certificate in Shimla is difficult, read this article fully to learn how you can do it. A share certificate is a formal record that attests to the fact that you bought shares from a particular business.
Your share purchase can only be formally authorized through this certificate. The number of purchased shares, the buyer’s name, the business’s name, and both parties’ signatures must all appear on a share certificate.
There are two types of shared certificates. Registered share certificates only give the person the legal right over those numbers of shares. The person does not have the right to use those shares.
A Bearer share certificate gives the owner complete rights over the shares. They can buy it and sell the shares as per their convenience and preference. The owner of a bearer share certificate does not have to take permission from anyone before selling or using their shares.
Why are share certificates so important?
Only a share certificate may legitimately vouch for your ownership of those shares. Without this certificate, anyone could take control of your shares without any of your legal protections. This document is crucial if you ever decide to sell your shares so that the new bidder can verify the validity of your offer. Hence, you have no legal claim to the purchased shares without a share certificate.
There have been numerous cases when people have changed their names on the share certificate in Shimla. After taking a few straightforward but crucial procedures, the name change procedure can be completed both online and offline.
The Securities and Exchange Board of India certifies all the procedures and paperwork needed. You must carefully read all of the procedures and directions because the process can become perplexing.
Why do people change the name in share certificate in Shimla?
There are several justifications for wanting to change one’s name on their share certificate in Shimla. Here are a few of the typical explanations for name changes:
Divorce or marriage
Due to the fact that only women must alter their names after marriage or divorce, this justification only applies to women. A woman can apply for a name change in the share certificate in Shimla through any government office or online portal if she wants to take her husband’s name instead of her own.
If the person has changed their gender
People today are becoming more and more outspoken about their sexuality. Many people have expressed a desire to alter their gender as a result of this. Changing the gender also involves changing the name. This is another reason why people request the share certificate name change procedure.
Desire a different name
Some people decide later on that their current name is not the best suit for their personality. It’s possible for someone to change their name to one they feel more accurately defines them if they don’t like the name that was given to them at birth. This is another reason why people in Shimla have the option of changing their name on their share certificates.
Religious beliefs
There have been instances where people altered their names after converting to a new religion. Another theological justification could be that the priest advised changing the person’s name since it didn’t fit with their destiny. Whatever religious convictions a person has may be the cause.
Due to spelling errors in the name
Government employees have a lot of work on their plates, so that mistakes can happen occasionally. People frequently misspell their names on certificates, necessitating the need to file for a new certificate with the correct name. To change their name on their share certificate in Shimla, one can follow the instructions listed below.
What are the documents required for the name change process in a share certificate in Shimla?
Here are the following documents are required for name change in share certificate:
- Request letter outlining the rationale behind the name change
- Your Affidavit
- A photocopy of your address verification. This identification must be a certified document provided by the Indian government.
- A photocopied copy of your PAN card, as provided by the Indian government.
- If your marriage is the reason you want to alter your name, including a photocopy of your marriage license.
- Original share certificate that you want to change, together with a xerox copy of it.
Make sure you save these papers in the JPEG format if you’re applying online because the site will not accept any other file types. Also, if you are conducting the process offline, be sure to have many copies of the document on hand to ensure a seamless and efficient process.
What is the process of name change in the share certificate in Shimla?
In order to complete the name change process in the share certificate in Shimla, one must follow the following three steps:
Follow the following steps to change your name:
- Affidavit submission
One must adhere to a precise process in Shimla to change their name on their share certificate. The process begins with locating a notary. A notary validates and authenticates the paperwork needed for the name change procedure.
Do the following actions to conclude the notarial procedure:
- Inform the notary about your desire to change your name.
- The value of the stamp paper used to notarize the affidavit must be mentioned by the notary.
- Provide the notary with the information below to continue the process:
- Both your old and new names
- Your current home address, as shown on your ID proof
- Your rationale behind renaming yourself.
- There should be at least two witnesses to sign the affidavit because it will be printed on simple stamp paper. As a result, the document is legitimate.
- The Ministry of Home Affairs will manage your name change if you are employed by India’s national government. You should get in touch with them.
- The following information is required from married women during the process:
- Your father’s name, address, and the name you want to alter.
- Along with your husband’s name, address, and the new name.
- The day of your wedding.
The address must match the one listed on the corresponding individuals’ official ID papers.
Your old name, as well as your new name, should be mentioned in the affidavit. You can modify your last name, initial name, or simply a few letters of your name using this procedure.
An NRI applicant should be aware that they must obtain a deed from the Indian High Commission of the Indian Embassy.
2. Newspaper Advertisement publication
The local newspapers must get your information before publishing it. To ensure that people are aware of this change and can address you appropriately, this is done. Also, it is a technique to legally change your name on your share certificate in Shimla.
The following information has to be in the advertisement. These specifics must be sent and are not optional.
- Your home address as it appears on your ID.
- Your birth date
- You have changed your name.
- The newly registered name that has legal standing
- Date and place where the affidavit was signed, and the notary’s or department’s name.
The applicant must print the advertisement in two publications in order to finish the process.
- The advertisement needs to be printed in the Shimla newspaper. The language used should be what is prevalent there.
- The nearby English newspaper should run the second advertisement.
The advertisement needs to adhere to a particular format, which might be supplied by the newspaper office. Name-changing adverts have their own special area in the newspaper. An example of a newspaper ad format is provided below.
I, <your old name> son or daughter of <your father’s name>, <your address>, have changed my name to <your new name>, sworn in front of the notary <name of your notary> on <date of the name change process>.
If you changed your name after getting married, the woman must also provide her husband’s name and address in addition to or in place of her father’s.
Take as many original copies of the advertisement as you can, just in case. Even though the authority only asks for one, it is usually a good idea to have more than that. Make sure you have a copy of the advertising and the original on hand.
- Get a Gazette publication
Only if your name change procedure in the share certificate in Shimla has been published in the Gazette can it be legally recognised. To the official office of the Gazette, the applicant must send both their application and the advertisement. The documents will be examined by the officials before being given to the division in charge of the name change procedure.
The Gazette typically takes one to two months to publish. Your workload and the veracity of your documents will determine this. You can download and save your Gazette on your device after you receive it. The message would be delivered via India’s Digital Directory. Once you’ve received your Gazette, you can use your new name publicly and in commercial dealings. Make sure you don’t conduct any share transactions using the previous share certificate.
Frequently Asked Questions
Can you change the name in the share certificate in Shimla through online mode?
Yes, you can change your name in a share certificate using the online website. Follow the instructions correctly and the process would be very smooth.
Can you change your name more than once in a share certificate?
No. You can change your name in the share certificate only once. There are exceptions made only during specific circumstances.
How many witnesses are required to complete the name change process in Shimla?
You only need one witness to complete the name change process in Shimla. You can bring anyone who is above the age of 18 to act as your witness.
Is Affidavit crucial during the name change process?
Yes, the Affidavit is one of the most important documents required during the name change process. You can not proceed with the process without it.
How long does it take to complete the process of name change in a share certificate?
The name change process in the share certificate usually takes about two to three months to complete. You get your new share certificate after you have completed the Gazette application.
Also Read:
- How to change name in share certificate in Sikkim
- 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
