Overview

Beneficial Ownership is whether the shares are owned by the shareholder (where the benefits of the shares go to the shareholder) or are held by the shareholder on behalf of a trust or another party (where the benefits of the shares do not go to the shareholder but are passed on to another party).

Beneficially Held?	Who gets the benefits of the shares (e.g. dividends)?
Yes	Shareholder
No	Not the Shareholder - the other party on behalf of which the shares are being held, e.g., trust

If a change to the beneficial owner takes place, the changes must be recorded on your own share register and included in your next company annual return.

Navigation

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

Click

Select Change to Beneficial Ownership

Instructions

CAS 360 will display the Change to Beneficial Ownership screen

Field	Explanation
Transaction Date	Input the date of change to beneficial ownership
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.
New Beneficial Owner	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, selectto create the contact.
Share Type	CAS 360 will display a list of the share types the shareholder holds
Number of Shares	Input the number of shares changing beneficial ownership
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

Field	Explanation (Transferor & Transferee)
Certificate Type	Select the Certificate Type
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

The Change of Beneficial Owner transaction will now appear in the Shareholders screen. Hover the mouse over the icon to display the name of the Beneficial Owner, as well as their Address, Email, Mobile, Place of Birth and other details.