Overview
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: Jenny Quantum has 100 $1 Ordinary Shares which will be converted to 100 $1 A Class Shares
If a conversion takes place, the changes must be recorded on your own share register and included in your next company annual return. The change can also be filed to ACRA via BizFile+ under Conversion of Shares.
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 Conversions
Instructions
CAS 360 will display the Conversions screen
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Field |
Explanation |
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Transaction Date |
Input the date of the conversion |
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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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Number of Shares |
Input the relevant number of shares to be converted |
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Amount of Issued Share Capital |
Enter the amount payable for issued share capital in decimals. |
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Amount of Paid up Share capital |
Enter the amount of paid up share capital in decimals. For changes to partly paid shares, click here. |
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New Share Class |
Select the new share class from the list |
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New Share Sub Class |
Select the new share sub class from the list |
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Meeting Status |
Select the meeting status of the member which will display on the Members Minutes |
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Notes |
Add extra notes in relation to the conversion |
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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
- Members Minutes or Resolution
- Company Change Summary
- Share Certificate
- Notice of EGM
- Allotment Journal
- Members Consent to Short Notice
- Directors Minutes or Resolution
Select the 
icon to change any of the document settings. Different options will appear depending on the document type.