Allotment of Shares - NSC1

  • Updated

Overview

A company may issue different types of shares with different conditions. These can include:

  1. Ordinary Shares
  2. Preference Shares
  3. Redeemable Preference Shares
  4. Convertible Preference Shares
  5. Treasury Shares

The company’s share details, such as the number of shares held, issued share capital and amount of paid-up share capital must be kept up to date with the Companies Registry as part of the annual return.

Navigation

From the Main Toolbar, go to Company

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Select the Company from the list

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Select Members/Shareholders

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Click mceclip0.png

Select Allotments

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Instructions

CAS 360 will display the Allotments screen

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Field

Explanation

Transaction Date

Input the date of the allotment.

Allottee

Begin typing the shareholder’s name. CAS 360 will search the Global Contacts screen for the person. If the contact has not been previously saved to the database, select mceclip3.png to create the contact.

Beneficial Owner

Toggle mceclip4.png if the shares are held on behalf of another person, organisation, or trust.

See beneficial owners for more information.

Share Type

 Select the issued Share Type from the list. 

Number of Shares

Input the number of shares allotted.

Consideration Type

Select the consideration type given to acquire the shares.

  • Currently, only Cash can be selected for consideration type.

Premium Paid / Unpaid Per Share

Input the premium paid or unpaid on the shares.

A premium is paid when shares are issued at a price in excess of their value.

Example: $10 is paid for a $1 Ordinary share, the Premium paid is $9.

Meeting Status

Select the meeting status of the member which will display on the Members Minutes

Notes

Add extra notes in relation to the allotment

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Field

Explanation

Certificate Type

Select the Certificate Type. Choose between Transaction, Balance or None.

Certificate Number

CAS 360 will automatically pre-fill a number based on previous shareholder transactions.

Certificate Location

Enter the location of the Certificate

Unique Numbers

Type a Unique Number to assign to the shares.

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Forms Prepared

By selecting Prepare Forms mceclip7.png CAS 360 will display the Document Production screen and automatically select the documents required:

  • Cover Letter (optional)
  • Share Certificate 
  • Allotment Journal 
  • Members Consent to Short Notice (optional)
  • Company Change Summary
  • Application for Shares
  • Form NSC1 - Return of Allotment 
  • Members Minutes or Resolution (optional)
  • Register of Members
  • Directors Minutes or Resolution
  • Notice of EGM (optional)

Select the mceclip8.png icon to change any of the document settings. Different options will appear depending on the document type.

Once the forms and documents have been prepared, select Download All or Send All. 

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