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Allotment of Shares

Overview

Every company incorporated in Singapore must have at least $1 in issued capital. There is no minimum paid-up capital required.

A company may issue different types of shares with different conditions. These can include:

  1. Ordinary Shares
  2. Preference Shares
  3. Redeemable Preference Shares
  4. Convertible Preference Shares
  5. Treasury Shares

The company’s share details, such as the number of shares held, issued share capital and amount of paid-up share capital must be kept up to date with ACRA as part of the annual return.

Lodge the record with ACRA with a return of allotment within 14 days of issuance.

Navigation

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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Select Allotments

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Instructions

CAS 360 will display the Allotments screen

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Field

Explanation

Transaction Date

Input the date of the allotment.

Allottee

Begin typing the shareholder’s name. CAS 360 will search the Global Contacts screen for the person. If the contact has not been previously saved to the database, select mceclip11.png to create the contact.

Beneficial Owner

Toggle mceclip15.png if the shares are held on behalf of another person, organisation, or trust.

See beneficial owners for more information.

Share Class

 Select the issued Share Class from the list. 

Share Sub Class

 Select the issued Share Sub Class from the list

Currency

 Select the Currency of the issued shares from the list. 

Number of Shares

Input the number of shares allotted.

Consideration Type

Select the consideration type given to acquire the shares.

Amount of Issued Share Capital

Enter the amount payable for issued share capital in decimals.

Amount of Paid up Share capital

Enter the amount of paid up share capital in decimals. 

For changes to partly paid shares, click here. 

Meeting Status

Select the meeting status of the member which will display on the Members Minutes

Notes

Add extra notes in relation to the allotment

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Field

Explanation

Certificate Type

Select the Certificate Type. Choose between Transaction, Balance or None.

Certificate Number

CAS 360 will automatically pre-fill a number based on previous shareholder transactions.

Certificate Location

Enter the location of the Certificate

Unique Numbers

Type a Unique Number to assign to the shares.

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Forms Prepared

By selecting Prepare Forms mceclip8.png CAS 360 will display the Document Production screen and automatically select the documents required:

  • Cover Letter
  • Register of Members
  • Allotment Journal
  • Directors Minutes or Resolution
  • Notice of EGM
  • Members Minutes or Resolution
  • Members Consent to Short Notice
  • Company Change Summary (Select Options to print Increase in Number of Members Form 21, Return of Allotment of Shares Form 24, and Non-Cash Allotment of Shares Form 25 for Non-Cash Subscriptions)
  • Share Certificate
  • Application for Shares
  • Declaration of Trusts (if there is a Beneficial Owner attached)
  • Notices of Beneficial Ownership (If there is a Beneficial Owner attached)

Select the mceclip0.png icon to change any of the document settings. Different options will appear depending on the document type.

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