How to Name Change in a Share certificate?
Name change in share certificates is not an easy process. But after getting information about the process, changing the name in the share certificate becomes easy. Your name in your share certificate should be the same as the name given in your other documents. If your name in your share certificate is different from the name given in your other documents, then whenever you want to take the money of the share, there will be a problem in withdrawing the money due to the wrong name on your share certificate. Due to which you have to change the name in your share certificate. For this, you have to show some important documents, on the basis of which the name will be changed in your share certificate. When your name is changed in the share certificate, you can sell your shares whenever you want and deposit the money in your bank.
What is a share certificate?
A share certificate is proof of share ownership in a company
When a person buys shares of a company registered in NSE ( National Stock Exchange ) and BSE ( Bombay Stock Exchange )?, that person gets the share certificate of that company. This share certificate is a legal document, which proves how much ownership you have in the company. This certificate is made of paper. It is written on it how many shares of the company you have. The name of the company, your name, how many shares of that company did you buy and at what price. This is an important document. If you want to sell your shares, then you must have a share certificate.
What is the process of name change in share certificate?
Legal process of changing the name in the share certificate
If you have found the name wrong in your share certificate. Which is not in your other documents. So you will have trouble selling your shares and getting that money. For this you have to name corrections in share certificate. Only after which you can sell your shares and deposit that money in your bank. Change of name on share certificate will require Gazette Notification. With the help of which the name will be changed in your share certificate.
Documents for change the name in share certificate
The documents required to change the name in the share certificate are as follows
- Identity card
- Address certificate
- Gazette notification
- Share certificate
- Other related documents
What is a gazette notification?
Gazette Notification for Share Certificate Name Change
Gazette notification is a legal document. It is an official document issued by the Government of India. New rules, regulations, and official notifications are published in it. Changing your name in it makes your name legally valid. It is a legal proof of your name change. When your name change is notified in the gazette notification. Then with the help of this you can change name in share certificate as well. This gazette notification is accepted and approved everywhere. Gazette notification is valid in government offices, non-government offices, institutions, schools, colleges and everywhere.
Conclusion
The process of changing the name in the share certificate is a bit complicated. But it is necessary to do so. Your name in your share certificate should be the same as in your other documents. By doing this, you will not have any problem in selling shares and withdrawing money from shares in future. If you need any help related to changing the name in the share certificate or changing the name in the gazette notification, then you can talk to Advocate Advice & Vakil India without any hesitation. They will provide you complete help, whether it is changing the name in the share certificate or changing the name in the gazette notification.
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People Also Asked
To change the name on the stock certificate you usually have to contact the transfer agent of the company. You then have to provide legal proof of your name change ( identity ID, gazette notification, marriage certificate) and fill the stock power form. The transfer agent will issue a certificate in your new name.
Gazette notification is a supporting document for change the name in share certificate. Along with this, you also have to submit other documents like a share certificate, your identity proof, affidavit or marriage certificate. After that your name is changed.
Yes, you can change the name on the share certificate by contacting the transfer agent of the company and formally applying along with proof of your name change.
No, but it is proof of name change and is submitted along with other documents for name change in share certificate.
A gazette notification is an official document used for name changes, gender changes, or other legal and official declarations. It is also accepted as a legal document.