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:
- Ordinary Shares
- Preference Shares
- Redeemable Preference Shares
- Convertible Preference Shares
- 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.
File the record with ACRA with a return of allotment within 14 days of issuance.
Navigation
|
From the Main Toolbar, go to Company |
 |
|
Select the Company from the list |
 |
|
Select Shareholders |
 |
Click 
Select Allotments
Instructions
CAS 360 will display the Allotments screen
|
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 |
|
Beneficial Owner |
Toggle 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. |
|
Shares Payable In |
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. |
|
Parties to the Contract |
Input the Parties to the Contract. |
|
Nature of the Contract |
Record the Nature of the Contract. |
|
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 |
to create the contact.
if the shares are held on behalf of another person, organisation, or trust.
|
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. |
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
- Allotment Journal
- Directors Minutes or Resolution
- Notice of EGM
- Members Minutes or Resolution
- Members Consent to Short Notice
- Company Change Summary
- Increase in Number of Members Form 21
- Return of Allotment of Shares Form 24
- 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 
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.
Electronic Filing to ACRA
Before filing the share allotment, ensure a Filing Agent has been set-up and assigned in General Details. To set up your Registered Filing Agent, click here.
| From the Main Toolbar, go to Documents |
|
Documents that have been downloaded or sent to clients will appear in the documents screen.
Select the Change dropdown beside the Company Change documents.
To file company changes to ACRA, click Lodge.
Select the lodging agent:
Users will be directed to the SingPass login, to connect with ACRA. Once the agent is authorised, the Upload Attachments screen will display.
Select Yes/No if the directors obtained prior approval of the company in general meeting to issue shares.
If approval is not obtained, input the date of meeting, and upload a Copy of Resolution.
Select Lodge and the Confirm Lodgement screen will display:
Read and confirm details before proceeding. Lodgment is complete once selecting the Proceed to Lodge button.
*Note BGL will not be responsible for any incorrect lodgements.
Once the lodgement is complete, the lodge button will disappear and a Notification will confirm the lodgement.
Users can find all documentation on the Documents Screen, by selecting
beside the company change and selecting Attachments.