Details
Shares are transferred (e.g. sold) from one member to another or new member. A Form 484 is required to notify ASIC of this change within 28 days of the transfer.
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 |
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Transaction Date
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Input the date of the transfer |
Transfer From |
In the Transfer From Field, CAS 360 will display a list of the company's current shareholders |
Beneficial Owner | CAS 360 will automatically prefil this field if there is a beneficial owner. |
Transfer To
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Begin typing the new shareholder's name. CAS 360 will begin searching the Global Contact screen for the person. If the Contact has not been previously added to the Global Contact screen, will appear. Click to add a new contact. |
Beneficial Owner | Click to add a beneficial owner from the contact screen if one applies. See beneficial owners for more information |
Share Type
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In the Share type field, CAS 360 will display a list of the share types the shareholder holds |
Number Of Shares
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Input the Shares transferred |
Consideration Paid Per Share | Input the amount paid for the transfer of the shares |
Number Of Shares
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Input the Shares allotted |
Meeting Status
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Select the meeting status of the member which will appear on the Resolutions. |
Notes | Notes can be added in the box displayed. Notes will not feature on the register of members. |
Click
Consideration is different between new and original shareholder
As ASIC is only concerned about the original value that the share was issued at (and not the consideration paid), the value on the forms will always reflect the original value it was first issued at.
For more information, please refer to the following help article:
Why is consideration of a share transfer not filled onto Form 484
CAS 360 does support including the consideration paid in the share certificate. To display the consideration paid on the share certificate, select the appropriate option from the 'Options' menu next to the 'Share Certificate' on the 'Document Production' screen.
Why is Section C3 printing on Form 484 for a share transfer when it is not mandatory
Whilst Section C3 does not need to be filled in for a manual lodgement of a share transfer, ASIC has informed us that when the form is submitted to ASIC electronically, it is a mandatory requirement to include the total number of shares for the company.
For more information, please refer to the following help article:
Section C3 is printing on Form 484 for a share transfer when it is not mandatory
Therefore, we have included the share details in section C3 to display the total number of shares for the electronic file, or the lodgement will be rejected by ASIC.
Forms Prepared
CAS 360 will display the Document Production screen and automatically select the documents required:
- Registers – Members
- Directors Meeting Minute or Resolution
- ASIC Form - Change to Company Details Form 484 Section C
- Allotment Journal (optional)
- Share Certificates
- Transfer Journal
- Share Transfer Form
- Notices of Beneficial Ownership (only if a Beneficial owner was selected)
- Declaration of Trust (only if a Beneficial owner was selected)
- Members Meeting Minute
- Members Consent
CAS 360 allows you to prepare documents and then notify ASIC through electronic lodgement via the Documents Screen. For more information on how to do so, click here.