Change Your function to
protected void Select_OnCheckedChanged(object sender, EventArgs e)
{
string name = string.Empty;
foreach (GridViewRow row in this.gvCompanyListing.Rows)
{
CheckBox chkSelect = row.FindControl("cbSelect") as CheckBox;
if (chkSelect.Checked)
{
name += row.Cells[1].Text + ",";
}
}
String[] tokens = name.Split(new[] { "," }, StringSplitOptions.RemoveEmptyEntries);
this.lblmsg.Text = string.Join("<br />", tokens);
}