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, select |
|
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.
To edit any of these details, select:
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
- Declaration of Trust
- Notice of Beneficial Ownership
Select the icon to change any of the document settings. Different options will appear depending on the document type.