Partly Paid Shares / Changes to Amounts Paid

Details

If shares in a company are partly-paid, the shareholder is liable to pay calls on the shares in accordance with the terms on which the shares are on issue. Any changes to the amounts paid on shares must be notified within 28 days of the change on the Form 484 Change to Company Details. Public companies only notify changes to amounts paid on shares, top 20 shareholders or beneficial owner in response to the Annual Review.

In this scenario, you will need to:

Navigation 

From the Main Toolbar, go to Company.
Select the Company from the list.
Select Shareholders

 

Click 

Step 1. Record the allotment of the partly paid shares

Select Allotment

CAS 360 will display the Allotments screen.

Field	Explanation
Transaction Date	Input the date of allotment
Allottee	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	In the Share type field, begin typing the name of the share type to be alloted. CAS 360 will begin a search for previously added share types. If the share type has not been previously created will appear. Click  to add a new share type. To create a partly paid share, click the . enter an amount in the Amount Unpaid Field. This will indicate that there is an amount outstanding for the shares
Number Of Shares	Input the Shares allotted
Certificate Type	CAS 360 will automatically select Transaction. Leave as is.
Certificate Number	This will be the share certificate number. CAS 360 will automatically pre fill a number based on previous shareholder transactions.
Certificate Details	Click to add information relating to the certificate location and Unique Numbers
Consideration Type	Select the consideration given to acquire the shares.
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 

The share transaction will be listed in the Shareholders screen. Under the Fully Paid column, hover your cursor over the information icon , the following details will display:

Forms Prepared

CAS 360 will display the Document Production screen and automatically select the documents required:

• Registers – Members (optional)
• Directors Meeting Minute or Resolution
• ASIC Form - Change to Company Details Form 484 Section C
• Share Certificates

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.

Step 2. Record a call on shares

Select Changes to Amounts Paid

CAS 360 will display the Changes to Amounts Paid screen.

Field	Explanation
Transaction Date	Input the date of the call on shares
Shareholder	In the shareholder 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
Share Type	In the Share type field, CAS 360 will display a list of the shares that are outstading
Number of Shares	Input the number of shares paid
New Amount Paid Per Share	Input the new amount paid. This must be an amount between the original amount paid per share and the total value per share
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

CAS 360 will display the Document Production screen and automatically select the documents required:

• Directors Meeting Minute or Resolution
• ASIC Form - Change to Company Details Form 484 Section C
• Members Meeting Minute
• Members Consent