Name Change In Share Certificate In Ladakh

Name change in Share Certificate in Ladakh can be done by sitting at home. In this article we are going to explain the full procedure of name change.

What is a share certificate?

A share certificate is a legal document that issues proof of the number of shares a person owns. It is also known as a stock certificate.

The key things present on the share certificate are the Certificate number, Company name, Shareholder name and address, number, class, and issue number of shares, and the amount of money paid on the shares.

What is a demat account?

A Demat account is a digital way of gathering share certificates.

Reason for a name change in a share certificate at Ladakh

There are personal and professional reasons why people change their names.

The personal reasons for the name change are:

Marriage- It is usually a custom to change the name after marrying. Once a shareholder is married, their surname changes; therefore, to show the correct details of the shareholder, the name is changed in the share certificate.
Divorce- If a married person decides to separate from another person and changes their surname back to their maiden name, then a name change is needed in the share certificate.
Change in Identity- If a person feels the need to change their name for reasons, then a name change would be required in the share certificate.
Religious reasons- If a person changes their name for religious reasons, then a name change is needed in the share certificate.
Privacy- If a person has or feels the need to change their name for privacy reasons, then a name change is needed in the share certificate.

Reasons For Name change in share certificate in Ladakh

If a corporate company decides to change its name due to any reason, then a name change is needed in the share certificate.
If the shares are transferred to another team or company, then a name change is needed in the share certificate.
If there is a spelling error in the names of the shares, then a name change is needed in the share certificate.

Documents required to Name change in share certificate in Ladakh

Documents required for Name change in share certificate in Ladakh

Some of the documents needed for name change in a share certificate at Ladakh are as follows:

An attestation of the name change.
An advertisement in the newspaper containing the name change.
Any identity proof like an Aadhar card, PAN card, Voter ID, driver’s license, or Passport.
An original share certificate.
A demand draft
A self-attested marriage certificate in case of change due to marriage.
A Gazette notification

Procedure to Name change in share certificate in Ladakh

The name change in a share certificate is done by a company’s main head or by any third-party agents.

The steps to change the name in a share certificate in Ladakh depend on various types of companies and other policies. However general steps are as follows:

Create a letter in the name of the company or the agent through which you want to change the name. The letter must include your old name, your new name, and the reason for the name change in the share certificate at Ladakh.
Along with the letter, attach the documents which are required for the name change in the share certificate at Ladakh.
Also, attach the original share certificate along with other details.
Self-attest all the documents mentioned and send the letter to a particular authority to change the name on the share certificate in Ladakh.

Procedure to Name Change In Share Certificate

Benefits of Name change in share certificate in Ladakh

When one decides to do a name change in a share certificate, people can learn new processes and be updated with the changes in the governmental documents.

A name change in a share certificate also denotes that a person is safeguarding their company, their shares, and important details regarding the shares.

The share certificate name changes also allow the company to keep updated with the new shareholders. This also prevents any upcoming confusion in the share certificate.

Overall the name change in the share certificate is a very simplified process. If you follow all steps clearly, there won’t be any issues regarding the name change in the share certificate.

Procedure to publish Gazette notification

A Gazette notification is an official way to document or publish laws, notices, or other rules. This is a general way of information made available to the government, officials, businesses, and other organizations.

In order to change the name in the Gazette notification, follow these steps:

Before a name change of the share certificate in Ladakh, an Affidavit has to be created. An Affidavit is a written legal document created under oath and approved by a government body. The key details needed for Affidavit are the New name, the Old name, the Shareholder’s name and address, the reason for the name change, and the value of the stamp paper. If the name change in the share certificate is done after marriage, the extra details needed will be the father’s name, husband’s name, old address, new address, and a new name.
The next step will be to publish an advertisement in local newspapers regarding the name change. The details needed for this will be the old name, new name, Address, Date of birth, New address if married, and the name of the witness who was present at the signing of the Affidavit. This advertisement must be published in two newspapers, one in English and the other in any regional language.
A name change application letter, a digital soft copy of all the documents that need to be self-attested, an advertisement in the newspaper, and an identity proof such as an Aadhaar card, a PAN card, or any other available identification card will be required as a final step to publish the name change in an official Gazette notification.

A small amount of money will be taken to publish a Gazette notification.

How to obtain a duplicate share certificate?

If the original share certificate needs to be found, you should immediately complain to the police station. In such a case, the government issues a duplicate share certificate.

Some steps to take in case of duplicating a share certificate are:

The first important step should be lodging a complaint in the police station and getting an FIR will include the share certificate numbers, number of shares, and other required details/
Next you should obtain a non-judicial stamp paper of a particular value. On this, you will need an Affidavit of the missing share certificate. The government should authorize this.
After this you will have to fill up a questionnaire form. This can be obtained from the company of the shares you purchased, the government, or a third-party agent.
Next you will also have to fill up a surety form which will provide details of the person who gives the surety. In this form, you will also need salary slips which the government will authorize.
After this you will have to make a duplicate share certificate request letter. This format can be obtained from the agent or the government authority.
Then you will have to collect the supporting documents which are a copy of identity proof and address proof of the shareholder and the shareholder’s signature which the bank should attest.
Next, send these documents along with a duplicate share certificate request letter to the company by post.
Lastly, the company will check the validity of the documents and then send a duplicate share certificate to your registered address.

Conclusion

In the end, the process of name change in the share certificate at Ladakh is not very tedious. One can very easily change the name regard to any of the reasons. The government or the agent is very helpful regarding any issue you face during the process.