Transfer of Shares

  • Updated

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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Click mceclip3.png

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.

Click mceclip7.png

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
  • 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.

Once the forms and documents have been prepared, select Download All or Send All. 

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Electronic Filing to ACRA


Before filing the share transfer, ensure a Filing Agent has been set-up and assigned in General Details. To set up your Registered Filing Agent, click here.

From the Main Toolbar, go to Documents

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Documents that have been downloaded or sent to clients will appear in the documents screen. 

Select the Change dropdown beside the Company Change documents.

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To file company changes to ACRA, click Lodge.

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Select the lodging agent

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Users will be directed to the SingPass login, to connect with ACRA. Once the agent is authorised, the Confirm Lodgement screen will display.

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Read and confirm details before proceeding. Lodgment is complete once selecting the Proceed to Lodge button. 

*Note BGL will not be responsible for any incorrect lodgements.

Once the lodgement is complete, the lodge button will disappear and a Notification will confirm the lodgement.

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Users can find all documentation on the Documents Screen, by selectingmceclip3.pngbeside the company change and selecting Attachments.

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