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.
|From the Main Toolbar, go to Company.||
|Select the Company from the list.||
Select Share Transfers
CAS 360 will display the Share Transfers screen.
|Input the date of the transfer|
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.|
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.
Clickto 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|
In the Share type field, CAS 360 will display a list of the share types the shareholder holds
Number Of Shares
|Input the Shares transferred|
|Consideration Paid Per Share||Input the amount paid for the transfer of the shares|
Number Of Shares
|Input the Shares allotted|
|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.|
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.
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.