Conversions – CAS 360 New Zealand

Details

When there is a conversion of shares, the class of share changes but the total value and number of shares issued stay the same.

Example: John Jones has 100 $1 Ordinary Shares which will be converted to 100 $1 A Class Shares.

Click Add Transaction +
Add Transaction + button

Select Conversion

CAS 360 will display the Conversions screen.

Field	Explanation
Transaction Date	Enter the date of the conversion.
Shareholder	Select the shareholder. CAS 360 lists the company's current shareholders.
Beneficial Owner	CAS 360 automatically fills in this field if there is a beneficial owner.
Share Type	Select the share type. CAS 360 lists the share types the shareholder holds.
Number of Shares	Enter the number of shares to be converted.
New Share Class	Select the new share class (for example, ORD, B or C).
Meeting Status	Select the shareholder's meeting status. This appears on the resolutions.
Notes	Enter any extra notes to show on the Register of Shareholders.

Enter the certificate details for the Transferor and the Transferee.

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.

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

CAS 360 will display the Document Production screen and automatically select the documents required:

From the Main Toolbar, go to Company.
Select the Company from the list.
Select Shareholders.