When preparing shareholder changes, I receive the following validation message:
Cannot notify ASIC of increase and decrease in holding on the same form
This message will appear if there are multiple company changes that are combined where a shareholder is both having shares given and taken away.
- Share Cancellation and Allotment for the same member
- John transfers 100 shares to Mary and John is also allotted 50 new shares.
These company changes will need to be prepared on separate ASIC forms.