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Transfer of Shares

Overview

Shares are transferred (e.g. sold) from one member to another member. When a transfer of shares has occurred, the company must file a notice of transfer of shares with ACRA via BizFile+ or report the transfer in the annual return.

Navigation

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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Select Share Transfers

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Instructions

CAS 360 will display the Share Transfers screen

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Field

Explanation

Transaction Date

Input the date of the transfer

Transfer From

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.

Transfer To

Begin typing the shareholder’ name. CAS 360 will search the Global Contacts screen for the person. If the contact has not been previously saved to the database, select mceclip10.png to create the contact.

Beneficial Owner

Toggle mceclip11.png if the shares being transferred are held on behalf of another person, organisation, or trust.

See beneficial owners for more information.

Share Type

CAS 360 will display a list of the share types the shareholder holds

Number of Shares

Input the number of shares transferred

Total Consideration Paid

Enter the total consideration paid for 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. 

Meeting Status

Select the meeting status of the member which will display on Members Minutes.

Notes

Add extra notes in relation to the transfer.

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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.

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Forms Prepared

By selecting Prepare Forms mceclip8.png CAS 360 will display the Document Production screen and automatically select the documents required:

  • Cover Letter
  • Register of Members
  • Transfer Journal
  • Directors Minutes or Resolution
  • Notice of EGM
  • Members Minutes or Resolution
  • Members Consent to Short Notice
  • Company Change Summary (Select Options to print Increase in Number of Members Form 21)
  • Share Certificate
  • Share Transfer Form
  • Declaration of Trusts (if there is a Beneficial Owner attached)
  • Notices of Beneficial Ownership (if there is a Beneficial Owner attached)

Select the mceclip9.png icon to change any of the document settings. Different options will appear depending on the document type.

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