When you incorporate, you must provide details of all company shares and shareholders to the Companies Office. As changes occur to the total number of shares in your company, you must notify the Companies Office within 10 working days of the change. You must also update this information on your own share register and in your company's annual return.
|From the Main Toolbar, go to Company.||
|Select the Company from the list.||
CAS 360 will display the Allotments screen.
|1. Share Details|
|Input the date of the allotment.|
In the Allottee field, begin typing the new shareholder's name. CAS 360 will search the Global Contacts screen for the person. If the contact has not been previously added to the Global Contacts screen, will display.
Clickto add a new contact.
If there is a Beneficial Owner of the shares, type their name in the Beneficial Owner field. CAS 360 will search the Global Contacts screen for the person. If the contact has not been previously added to the Global Contacts screen, will display.
ClickSee to add a new contact.beneficial owners for more information.
In the Share type field, begin typing the name of the share type to be allotted. CAS 360 will begin a search for previously added share types. If the share type has not been previously created,will display.
Clickto add a new share type.
Enter the value amount for the Premium Paid in the Premium Paid field
A premium is paid where shares are issued at a price in excess of their value.
Example: $10 is paid for a $1 Ordinary share, the Premium paid is $9.
You have the option to select whether this is displayed on your Share Certificate in the document production screen.
Enter the value amount for the Premium Unpaid in the Premium Unpaid field.
Example: $5 is paid for $1 Ordinary share, value is $10. Premium unpaid is $4.
Number Of Shares
|Input the number of shares allotted.|
|Select the consideration given to acquire the shares.|
|Select the meeting status of the member which will display on the Resolutions. Options to choose from include Attendee, Chairperson, Apology and Non-Attendee.|
|Notes||Type to add extra notes which will show on the Register of Members.|
|2. Certificate Details|
|Certificate Type||Select the Certificate type. Options range from Transaction, Balance or None.|
|Certificate Number||Type the Certificate Number for the Shares, This will feature on the Allotment Journal, Share Certificate, Notice of Beneficial Ownership (if applicable) and the Declaration of Trust.|
|Certificate Location||Type the location of the Certificate.|
|Unique Numbers||Type a Unique Number to assign to the shares.|
CAS 360 will display the Document Production screen and automatically select the documents required:
- Cover Letter
- Company Change Summary
- Register of Members
- Allotment Journal
- Directors Meeting Minute or Resolution
- Notice of Members Meeting
- Members Minute or Resolution
- Member Consent
- Share Certificates
- Application for Shares
- Notices of Beneficial Ownership (only if a Beneficial Owner was selected)
- Declaration of Trust (only if a Beneficial owner was selected)
**Must create page for Beneficial Owners, Global Contacts, Document Production.