Overview
The return of capital is when some of the consideration the shareholder had previously given is paid back to them.
Example: Jenny Quantum was allotted 2 $4 ordinary fully paid shares (total value $8). After the return of capital, Jenny was returned $4. Jenny now holds 2 $2 ordinary fully paid shares.
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 Return of Capital
Instructions
CAS 360 will display the Return of Capital screen
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Field |
Explanation |
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Transaction Date |
Input the date of the Return of Capital |
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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 |
Input the relevant number of shares affected |
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Total Amount of Share Capital returned |
Amount returned to the shareholder. Cannot be an amount more than the value paid on the shares. |
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Total Amount of Issued Share Capital |
Enter the amount payable for issued share capital in decimals. |
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Total Amount of Paid Up Share Capital |
Enter the amount of paid up share capital in decimals. For changes to partly paid shares, click here. |
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Capital Reduction Type |
Select the capital reduction type. Choose between Multiple shareholder company, or Single shareholder company |
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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 Return of Capital |
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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
- Capital Return Letter
- Members Consent to Capital Return
- Solvency Resolution
Select the 
icon to change any of the document settings. Different options will appear depending on the document type.