Overview
Shares can be redenominated or converted from one currency to another through an ordinary resolution. The resolution may also specify conditions that must be met before the redenomination takes effect.
After the resolution has been passed, companies must file the "Notice of Redonomination" transaction via BizFile+
Navigation
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From the Main Toolbar, go to Company |
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Select the Company from the list |
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Select Shareholders |
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Click 
Select Share Redenomination
Instructions
CAS 360 will display the Share Transfers screen
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Field |
Explanation |
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Transaction Date |
Input the date of the transfer |
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Shareholder |
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. |
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Share Type |
CAS 360 will display a list of the share types the shareholder holds |
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New Currency |
Select the currency the shares are being changed to. |
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Number of Shares |
Input the number of shares redenominated. |
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Total Consideration Paid |
Enter the total consideration paid for shares. |
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Amount of Issued Share Capital |
Enter the current amount payable for share capital in decimals. |
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Amount of Paid up Share capital |
Enter the current amount of paid up share capital in decimals. For changes to partly paid shares, click here. |
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New Amount of Issued Share Capital |
Enter the new amount payable for share capital in decimals. |
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New Amount of Paid up Share Capital |
Enter the new amount of paid up share capital in decimals. For changes to partly paid shares, click here. |
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Meeting Status |
Select the meeting status of the member which will display on Members Minutes. |
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Notes |
Add extra notes in relation to the transfer. |
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Field |
Explanation (Transferor & Transferee) |
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Certificate Type |
Select the Certificate type. |
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Certificate Number |
CAS 360 will automatically pre-fill a number based on previous shareholder transactions. |
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Certificate Location |
Enter the location of the Certificate |
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Unique Numbers |
Type a Unique Number to assign to the shares. |
Click 
Forms Prepared
By selecting Prepare Forms 
CAS 360 will display the Document Production screen and automatically select the documents required:
- Cover Letter
- Register of Members
- Company Change Summary
- Directors Minutes or Resolution
- Share Certificate
- Notice of EGM
- Members Consent to Short Notice
- Members Minutes or Resolution
- Notice of Beneficial Ownership
Select the 
icon to change any of the document settings. Different options will appear depending on the document type.
Once the forms and documents have been prepared, select Download All or Send All.