Details
The process by which a company changes the structure of its share capital by reducing the number of shares originally issued and increasing the par value of each.
Therefore the value of each individual share is increased and the number of total shares is decreased. The class of shares and the total value of shares issued remain unchanged.
Example:
John Jones has 100 $1 Ordinary shares (overall value of $100) which will be consolidated into 50 $2 Ordinary Shares (overall value of $100)
Navigation
| From the Main Toolbar, go to Company. |
|
| Select the Company from the list. |
|
| Select Shareholders |  |
Click 
Select Consolidations
Instructions
CAS 360 will display the Consolidations screen.
|
Field
|
Explanation
|
|---|---|
|
Transaction Date
|
Input the date of the consolidation |
| Shareholder |
In the shareholder field, 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. |
|
Share Type
|
In the Share type field, CAS 360 will display a list of the share types the shareholder holds |
|
Number of shares to be Consolidated
|
Input the relevant number of shares |
|
Number of shares after Consolidation
|
The amount of shares must be less than the amount in the Number of shares to be Consolidated field |
|
Meeting Status
|
Select the meeting status of the member which will appear on the Resolutions. |
| Notes | Click  to add extra notes to appear on the Register of Members |
Click 
Forms Prepared
In the Document Production, CAS 360 will automatically select the documents required:
- Directors Meeting Minute or Resolution
- Registers - Members
- Allotment Journal (optional)
- Share Certificates
- ASIC Forms – Resolution regarding shares Form 2205
NOTE : FORM 2205 cannot be lodged electronically and must be lodged on paper - Members Meeting Minute
- Members Consent