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 |
Click
Select Share Transfers
Instructions
CAS 360 will display the Share Transfers screen
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 to create the contact. |
Beneficial Owner |
Toggle 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. |
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
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
- 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 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.
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 |
Documents that have been downloaded or sent to clients will appear in the documents screen.
Select the Change dropdown beside the Company Change documents.
To file company changes to ACRA, click Lodge.
Select the lodging agent:
Users will be directed to the SingPass login, to connect with ACRA. Once the agent is authorised, the Confirm Lodgement screen will display.
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.
Users can find all documentation on the Documents Screen, by selectingbeside the company change and selecting Attachments.