Overview

Shares previously issued to members are cancelled.

Navigation

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

Click

Select Cancellations

CAS 360 will display the Cancellations screen

Field	Explanation
Transaction Date	Input the date of the cancellation
Shareholder	CAS 360 will display a list of the company's current shareholders
Beneficial Owner	CAS 360 will automatically prefill this field if there is a beneficial owner.
Share Type	CAS 360 will display a list of the share types the shareholder holds
Number of Shares	Input the relevant number of shares cancelled
Total Cancellation Amount Paid	Input the amount the person will receive from the company for the shares cancelled.
Total Cancellation Amount of Issued Share Capital	Enter the amount payable for issued share capital in decimals.
Total Cancellation Amount of Paid up Share Capital	Enter the amount of paid up share capital in decimals. For changes to partly paid shares, click here.
Cancellation Type	Select the Type of Cancellation
Meeting Status	Select the meeting status of the member which will display on the Members Minutes

Field	Explanation
Certificate Type	Select the Certificate Type. Choose between 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

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

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