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The Securities and Exchange Board of India, SEBI, has simplified procedure for change of name in individual Beneficial Owner's account.
In a circular issued on Thursday, SEBI has said that in case there is a change of name after marriage, the individual investor can submit either a copy of marriage certificate or passport showing husband's name. The investor can also produce document showing the publication of name change in official gazette.
In case of change in name for reasons other than marriage, proof showing the publication of name change in official gazette has to be submitted by the investor. The same would apply for cases related to change in father's name. The market regulator has directed depositories to implement these provisions within three months.
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