There are numerous reasons to change your name on your share certificate in Chhattisgarh. Name change in legal or essential documents is a simple process, but it takes time to get one’s name changed. Once a name is recorded in government files getting your name changed is a bothersome and tiresome job.
Name changes can be caused by spelling mistakes, misplacing names, not liking the given name, etc. When obtaining any legal or essential document, you should always fill out the name carefully. Let’s know the procedure of Name Change in Share Certificate in Chhattisgarh.
What is Share Certificate?
A share certificate is a legal, physical document that proves your partnership with a company or an entity. In other words, you could also understand a share certificate as a physical document stating your equity or much percentage or part-owned by you of a company or an entity.
Let’s explore a couple of terms and procedures associated with the name change in the share certificate in Chhattisgarh.
Share is part or percentage a company offers to the general public for a sum of money when it requires money to build or produce any product. You can also see a share as a divide between two or more people; it could be a property, an article of monetary value, or actual money.
A certificate is a document or piece of paper that validates something is true or correct.
Name change in share certificate in Chhattisgarh
Share Certificate is a signed document issued to a shareholder stating the legality of the number of shares held by the shareholder. According to the companies act of 1956 and 2013, any company or entity must issue a share certificate on stamp paper to its shareholders.
A share capital is the amount invested by a company owner in his or her business. The required capital shared between owners is a share capital.
The allotment and issue of a share certificate to a subscriber Form No. SH1 should be filled by the respective company mentioning the details about the number of issued shares, issue date and folio number, and leger number.
Documents For Name change in share certificate in Chhattisgarh
- A copy of the birth certificate
- Demand drafts are required.
- Publication of an official gazette.
- Passport-sized photographs of the individual.
- Identity proof such as voter cards, pan cards, and Aadhar cards
- Name change affidavit
- Name change advertisement in the newspaper
- Change of name after marriage requires a marriage certificate.
Reasons For Name change in share certificate in Chhattisgarh
If you are changing the name of your share certificate in Chhattisgarh, you must also provide a justification.
- Changing their surnames after marriage
- Changing surnames after divorce
- Transformation of gender
- Adoption of a child
- Misspelling of the surname
- The addition of a surname
- Spelling corrections
- A name change based on astrology or numerology.
- Mismatch between names on official documents
- An unsatisfactory given name
It is important to update the name on the share certificate if a person recently updated their surname.
Procedure to Name change in share certificate in Chhattisgarh
There is a lot of procedure or rules that should be adhered to by a company or an entity before issuing shares. Here are some of the procedures companies have to follow before issuing shares to get capital from the market.
- Issue of request letter for issuing of shares by the company secretary.
- Checking of documents received and funds submitted.
- Transfer of shares to the subscribers.
- Issuance of share certificate to the subscriber on stamp paper mentioning details about the shares, folios, and value of the share.
- The company can reduce or increase the number of issued shares per the recommendations.
How name change in share certificate in Chhattisgarh could be done?
The following procedure should be abided by the applicants applying for a name change in share certificate in Chhattisgarh.
- First, get an affidavit stating the proper reason for the name change and the new name he or she wishes to.
- Second, get the affidavit notarized.
- Third, get his or her document attested by a gazetted officer.
- Fourth, write a request letter addressed to the registrar of department registration, Chhattisgarh government.
- Fifth, pay the requisite fee challan.
- Sixth, send the entire document along with the request letter for the name change to the concerned department.
The list of procedures and processes is wider than the above. The concerned office may call for additional documents to verify the details submitted by you.
Write Request Letter to concerned department for Name Change?
After completing the process with the concerned department, you have to write a request letter to the concerned company notifying your name change and request a new share certificate. The authorized company executives may call the following documents to process your request.
- They may call for an original share certificate.
- A copy of your affidavit indicating your name change
- You should have a copy of the Gazette that publishes your new name.
- Any other document deemed fit for the process.
That all goes for changing the name in the Share certificate of a company or an entity.
In case of a name change of the share certificate of property in Chhattisgarh, the same procedure could be followed. The following may or may not be added to the process.
- Your new name will be published in the local newspaper under “public notice” classifieds, followed by your old name, your father’s name, and a reference to the state gazetteer.
- The publication could be done in either the official language of the state or English as a secondary language.
How to change name in the official Gazette?
To change the name in the official Gazette following procedure could be adhered to.
Name change affidavit
- To change the name your name legally, you must have an affidavit. To do an affidavit following procedure could be followed.
- Get a legal blank paper.
- Paste a court fee ticket or stamp of 5 or 10 INR
- Get your affidavit drafted by your lawyer
- Get the draft notarized by a notary.
- If legal paper and court fee stamps are unavailable to you, you can get a stamp paper of the same and get an affidavit done.
Publish name change ad in the newspaper.
After you get your affidavit done, you have to follow these steps to publish a name change ad in the newspaper.
- Research about a newspaper that is widely circulated in the state
- Contact the editor-in-chief or the editor or sales team of the concerned newspaper.
- Discuss and understand the requisite fee and language for the ad.
- Provide the newspaper with details followed by your new name, old name, father’s name, date of your affidavit for the name change, etc.
Gazette Publication
For the publication of your name in the state gazette, the following procedure should be adhered to by the applicant.
- An affidavit of the name change.
- All essential documents are to be attested by a gazetted officer of your locality.
- A requisite fee challan.
- A request letter addressed to the concerned officer or office.
Along with the above, a sealed envelope should be sent to the state gazette department for your name to be published in the gazetteer. The concerned office may call for additional documents to verify your submissions.
Despite whatever is discussed above, here are some frequently asked questions regarding how a name change in a share certificate works in Chhattisgarh.
FAQs
How can I get my name changed in Chhattisgarh?
Ans. You should be a resident there first to get the name changed.
What is stamp duty?
Ans. Stamp duty is a fee charged by the government against issuing stamps to the public.
What reasons for a name change?
Ans. Names can be changed for various reasons, incorrect name, marriage, divorce, etc.
How much is stamp duty charged for certificates in Chhattisgarh?
Ans. INR 100 stamp duty could be charged for each certificate.
Overall, one should always fill in his or her name correctly. Once a name is recorded, it lasts forever. In case of an error by default, only one should apply for a name change with the state. The name change in the share certificate could be an easy process; else could be a lengthy process as well.
Also Read:
- How to Name Change in Share Certificate in Rajasthan?
- How to Change Name in Share Certificate in Tamil Nadu?
- How to Change Name in Share Certificate in Telangana?
- How to Change Name in Share Certificate in Telangana?
- How to Change Name in Share Certificate in Punjab Online?
- Legal process to Name Change in Share Certificate in Gujarat
