Name Change in Share Certificate In Gangtok

You are legally allowed to Name Change in Share Certificate In Gangtok if you follow the proper procedures.

Share certificates act as proof for you for how many shares you hold and own in the business. One who chooses to change their name must change the same in all the certificates they keep.

So, to keep your Share Certificate updated, you must alter the name as per the new one. As soon as you complete legally changing your name, you will have to change the same name in the Share Certificate.

Gangtok falls in the North Eastern part of our country, and the capital city is Gangtok. The procedure to change the name in the Share Certificate in Gangtok is the same as the other states of India and how Indian people. To show that you have legally changed the name, you must change the name in the Share Certificate.

The procedure involves the following steps, acquiring and securing the current share certificate of the holder, proving the identity of the shareholder using any Government ID like Aadhar Card, providing a change of name certificate (if applicable), submitting the necessary paperwork to the company, and receiving the new share certificate are the usual procedure involved in the alteration of the name in the Share Certificate.

Although the procedure may differ from company to company, the general procedure remains the same. 

Documents required for Name Change in Share Certificate In Gangtok

1. Birth Certificate.
2. You will need a copy of the newspaper article that confirms your name change.
3. Affidavit of the change of the name in the Passport.
4. Performa for the name change.
5. A passport-sized photograph must be self-attested.
6. Identity proof for the same might be a photo ID like a driver’s licence.
7. Cover Letter.
8. Demand Draft that would have been prepared.
9. The Share Certificate needs to be altered.
10. Also the marriage certificate is required
11.  if the name change is because of a marriage.

Reasons for the changing of the name in the Share Certificate

1. If a certain someone is married, usually the woman changes their surname. Hence, after the alteration of their surname, rather say adopting her husband’s surname, by giving up her father’s surname, she needs to change the name in her share certificates owned by her.
2. The person who parents have adopted tends to adopt their surname; hence, after going through the legal procedure for changing the name, they must change the same in their Share Certificate to remain legal under the eye of the law.
3.  If the couple chooses to separate and file a divorce, the woman claims to have her surname back, hence goes through the procedure of changing their surname. After she achieves her desired name, she must also change the name in the Share Certificate.
4. Personal reasons and preferences may subdue a person to change their name to the desired one. This involves the long procedure of changing one’s name and adopting a new one. So, after the successful attempt, the person must also change the name in the Share Certificate to remain lawfully updated.
5. Taking up new gender is also one of the reasons why people change their name after changing their identity. After that, they must change the name and gender in all the legal certificates.
6. Sometimes, people change their name for professional reasons, to gain more views or popularity for celebrities, and to gain more vote from certain sect or religions for politicians. Hence, the people holding the Share Certificates must alter the same.

Process To Publish Gazette Notification

Name change affidavit

The old and new names, along with the reason for the change, must be included in the affidavit.

Newspaper ad for a name change

The name change process must be completed by placing an advertisement in English and local newspapers.

Publish name in Official Government Gazette

A gazette publication is required to change a name in share certificate. Publication of your name change announcement advertisement in the state’s official gazette is mandatory.

Legal Procedure to Name Change in Share Certificate In Gangtok, Sikkim

There are certain steps that must be taken before and during the changing of the name in the Share Certificate in Gangtok. They are as follows.

1. To assemble all the required certificates needed in the process, including the original Share Certificate, the name changing documents, and Identification Proof like an Aadhar card.
2. Contact the department of the corporation or the business you are connected to inform them about changing your name. Every corporation has a separate and special procedure and requirements to complete the process, and the company will provide the same information. 
3. Like the process of name changing involves the letter of name change, the same is the requirement of the Share Certificates; hence draft a letter for the same. Depending upon the corporation, it may provide a specific form for writing your letter.
4. Now the running’s end and patience are required; wait for the final decision. If all the paper works and official procedures are correctly passed through all the phases, you will receive a positive response from the business firm.

Reasons to not approve Name Change in Share Certificate

This also involves some restrictions, especially legal restrictions, in changing the name in any official Gazette. If these things are counterchecked during the procedure, the same will stop immediately, and the corporation or the firm would not grant the request.

• Doing with the purpose of fraud, which includes tax evasion or illegally obtaining money. 
• If they look out for false information or misinformation about the share-holder shares, they might immediately cut the procedure and decline your request to change your name.
• If any of the procedures above, along with the specific procedure to be followed by any specific company, you may get a negative response from the firm. Hence try to go through all the procedures chronologically and consciously. 
• Some legal restrictions are involved in the process. Hence the court may cancel the procedure due to several legal reasons. 

Conclusion.

Hence, the procedure may involve a lengthy and exhausting process, but if you have gone through the procedure very particularly and specifically, you will get the desired result. The process comprises the name-changing certificates, ID proof, Share certificate, and letter. 

The procedure may require the marriage certificate if you change your name because of the marriage and a divorce decree if you have gone through the separation and then legally change your name. 

After you are done with the procedure, you must ask for the new certificate from the firm. You are supposed to keep your Shareholder Certificate up to date so that you can legally stay in India without any charges.

FAQs.

1. Why is changing the name in the Share Certificate necessary in Gangtok?

Ans. For staying legally upright, the updating  of all the official gazette, that also includes Shareholding Certificate, is very much a requirement not only in Gangtok, but also in India in all. 

2. What is Shareholding Certificate?

Ans. The certificate is the paper that proves that you hold a certain number of shares in certain firm and company. 

3. How much time does it take to change the name in the share certificate?’

Ans. It may take a shorter period or a long time, that will already be mentioned by the firm of which you are holding the shares. For an estimation, it may take a few weeks or months.

4. Is there any fee for the procedure?

Ans. There might the fee for the procedure, depending upon the firm you are holding the share of and the location of the same. 

5. Is gazette publication necessary for a name change?

Ans. It is, but for the government employees. But you may require to give the gazette if asked, hence you must be ready with all the certificates and documents. 

6. Why do we need an affidavit for the procedure?

Ans. It does contain some crucial and important information, hence affidavit is very much a requirement for the changing of the name. Also, that it keeps the letter for the name changing. It contains: 1. Current name 2. New name 3. Reason for the name change 4. Signature attested.

7. What article should be written down in the name changing advertisement that is to be published in the newspaper?

Ans. Your full name, both the new one and the older one, the reason for the change, the date, and a statement that you have no intention of any kind of fraud and illegal activities under the new name be performed should all be included in the advertisement for a name change.

Also Read:

• Name change in share certificate in Ladakh
• Complete Guide to Change Name in Share Certificate in Bangalore
• How to Change Name in Share Certificate in Jaipur
• Name Change in Share Certificate in Kolkata
• Fix Spelling Mistake in Share Certificate
• Request Letter for Name Change in Share Certificate
• Fix Name Mismatch In Share Certificate And Demat Account