Overview
This article explains how to remove shares for a deceased shareholder or officeholder in CAS 360.
The steps you take will depend on whether the company has any remaining directors or a secretary.
Before You Prepare Any Documents
Before preparing documents, you will need to update the officer’s status to Deceased in the company.
Steps to update the status
- Go to the Officers screen for the company
- Select the dropdown under Status
- Choose Deceased
- Click the green tick under Options to confirm
Once this is completed, CAS 360 will automatically prepare a Form 484 to notify ASIC of the change of Directors.
If There Are Other Directors or a Secretary
If the company still has other directors or a secretary:
- An existing officer can sign the Form 484 to notify ASIC of the change.
- Additionally, you can also prepare a Share Transfer to move the shares from the deceased to the owner.
If the Deceased Was the Sole Director and Shareholder
If the deceased was the only director and shareholder:
- Once a Legal Personal Representative (executor or administrator) has been formally appointed outside of CAS 360, they can then be added as a director within CAS 360. (Having a will as a sole director and sole shareholder).
- Once appointed, the new director can:
- Sign the Form 484 to update ASIC
- Complete the share transfer to update ownership