Details
Shares are transferred (for example, sold) from one shareholder to another shareholder or a new shareholder. You must record these changes on your own share register and include them in your next company annual return.
Navigation
| From the Main Toolbar, go to Company. | |
| Select the Company from the list. | |
| Select Shareholders. |
Click Add Transaction +
Select Share Transfer
Instructions
CAS 360 will display the Share Transfers screen.
1. Share Details
| Field | Explanation |
|---|---|
| Transaction Date | Enter the date of the transfer. |
| Transfer From | Select the shareholder transferring the shares. CAS 360 lists the company's current shareholders. |
| Beneficial Owner | CAS 360 automatically fills in this field if there is a beneficial owner. |
| Transfer To |
Start typing the new shareholder's name. CAS 360 searches the Global Contacts screen for the person. If the contact hasn't been added to Global Contacts yet, + Add New appears. Click + Add New |
| Beneficial Owner | Click + Add New to add a beneficial owner from the contact screen, if applicable. See Change to Beneficial Ownership for more information. |
| Share Type | Select the share type. CAS 360 lists the share types the shareholder holds. |
| Number Of Shares | Enter the number of shares transferred. |
| Consideration Paid Per Share | Enter the amount paid per share for the transfer. |
| Meeting Status | Select the shareholder's meeting status. This appears on the resolutions. |
| Notes | Enter any extra notes to add to the share transfer. |
2. Certificate Details
Enter the certificate details for the Transferor and the Transferee.
Transferor
| Field | Explanation |
|---|---|
| Certificate Type | Select the certificate type. Options are Balance or None. |
| Certificate Number | Enter the certificate number for the shares. This appears on the Share Certificate. |
| Certificate Location | Enter the location of the certificate. |
| Unique Numbers | Enter a unique number to assign to the shares. |
Transferee
| Field | Explanation |
|---|---|
| Certificate Type | Select the certificate type. Options are Transaction, Balance or None. |
| Certificate Number | Enter the certificate number for the shares. This appears on the Share Certificate. |
| Certificate Location | Enter the location of the certificate. |
| Unique Numbers | Enter a unique number to assign to the shares. |
Click Save
Forms Prepared
CAS 360 will display the Document Production screen and automatically select the documents required:
- Cover Letter
- Company Change Summary
- Register of Shareholders
- Issued Journal
- Share Transfer Journal
- Directors Minutes or Resolution
- Notice of Shareholders Meeting
- Shareholders Minutes or Resolution
- Shareholders Consent
- Share Certificate
- Notice of Beneficial Ownership (only if a beneficial owner was selected)
- Declaration of Trust (only if a beneficial owner was selected)
- Extensive Shareholder List
- Waiver of Pre-Emptive Rights (only if the recipient of the shares is a new shareholder)