Overview
When there is a subdivision of shares, the company changes the structure of its share capital by increasing the number of shares originally issued and decreasing the par value of each. The class of shares and the total value of shares issued remain unchanged.
Example: Jenny has 100 $1 Ordinary shares (overall value of $100) which will be subdivided into 200 $0.5 Ordinary Shares (overall value of $100)
If a subdivision takes place, the changes must be recorded on your own share register and included in your next company annual return.
Navigation
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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 
Select Subdivisions
Instructions
CAS 360 will display the Subdivisions screen
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Field |
Explanation |
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Transaction Date |
Input the date of the subdivision |
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Shareholder |
CAS 360 will display a list of the company's current shareholders |
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Beneficial Owner |
CAS 360 will automatically prefill this field if there is a beneficial owner. |
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Share Type |
CAS 360 will display a list of the share types the shareholder holds |
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Number of shares to be subdivided |
Input the relevant number of shares to be subdivided |
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Number of shares after subdivision |
The amount of shares must be more than the amount in the Number of shares to be subdivided field |
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Meeting Status |
Select the meeting status of the member which will display on the Members Minutes |
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Notes |
Add extra notes in relation to the Subdivision |
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Field |
Explanation (Transferor & Transferee) |
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Certificate Type |
Select the Certificate Type |
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Certificate Number |
CAS 360 will automatically pre-fill a number based on previous shareholder transactions. |
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Certificate Location |
Enter the location of the Certificate |
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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
- Allotment Journal
- Directors Minutes or Resolution
- Notice of EGM
- Members Minutes or Resolution
- Members Consent to Short Notice
- Company Change Summary
- Share Certificate
Select the 
icon to change any of the document settings. Different options will appear depending on the document type.