Details
When there is a conversion of shares, the class of share is changed but the total value and number of shares issued remain unchanged.
Example: John Jones has 100 $1 Ordinary Shares which will be Converted to 100 $1 A Class Shares
Navigation
From the Main Toolbar, go to Company. |
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Select the Company from the list. |
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Select Shareholders |
Click
Select Conversions
Instructions
CAS 360 will display the Conversions screen.
Field
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Explanation
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Transaction Date
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Input the date of the conversion | ||||||||||||||||||||||||||
Shareholder |
In the shareholder field, CAS 360 will display a list of the company's current shareholders |
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Beneficial Owner | CAS 360 will automatically prefill this field if there is a beneficial owner. | ||||||||||||||||||||||||||
Share Type
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In the Share type field, CAS 360 will display a list of the share types the shareholder holds |
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Number of Shares
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Input the relevant number of shares to be converted | ||||||||||||||||||||||||||
New Share Class
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Select the new share class. (e.g. ORD, B, C) | ||||||||||||||||||||||||||
Meeting Status
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Select the meeting status of the member which will appear on the Resolutions. | ||||||||||||||||||||||||||
Notes | Type to add extra notes to appear on the Register of Members | ||||||||||||||||||||||||||
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Click
Forms Prepared
CAS 360 will display the Document Production screen and automatically select the documents required:
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- Cover Letter
- Company Change Summary
- Register of Shareholders
- Allotment Journal
- Directors Minutes or Resolution
- Notice of Members Meeting
- Members Minute or Resolution
- Member Consent
- Share Certificate