Shareholders

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All companies must have a least one shareholder. They can be individuals or corporate bodies.

When downloading company data from ASIC (RA72), you might need to update the total paid, total unpaid and beneficial owner – but we'll let you know.

This page lists all shareholders and their details, including:

Field	Description
Share class	The class of share. For example, Ordinary, A, B, C, etc.
Total shares	The total amount of shares in the company the shareholder owners.
Total paid	The total amount paid for all shares held by the shareholder.
Total unpaid	This is the total paid for all the shares (fully paid) The total amount that was not paid for the shares. (For example, 50 shares at $1 where issued, of that $25 was paid. The total unpaid amount is $25.) This is at face value (issue value/book value)
Beneficially held	Indicates whether the share holder receives the direct benefit from shares (including dividend payments). Yes indicates that the shareholder receives the benefit from the shares. No indicates that the shareholder is holding shares on behalf of another person, organisation or trust. The shareholder doesn't receive any benefits of the shares.
Beneficial owner	The person receiving the benefits (instead of the shareholder). The shareholder's name is recorded, but the owner receives the benefits. For example, if the shares are held by a company, but the owner of the company is receiving the dividends, the owner of the company is the beneficial owner.

Share classes

A company can issue shares of different "classes". Classes are used to identify the type of security (such as shares) and the rights the securities carry for the shareholder.

For example, A-class shares may give the shareholder more voting rights than a shareholder who owns B-class only.

A shareholder can own multiple classes of shares. The rights of the shareholder is limited to the number of shares they own in each class.

To edit shareholder details

Select a client on My List and click Corporate admin.
Click the Shareholders tab. A list of shareholders appear.
Click Edit details. The fields become editable.
Enter the total paid and total unpaid.

You must enter the total amount allocated.
An RA72 will tell you the total share capital - the total paid and unpaid for all shareholders and if they are beneficially held by the shareholders. However an RA72 won't give you the breakdown of the amount paid or unpaid for each shareholder or the name of the beneficial owner.
See Download company data (RA72) for more information.
If there's a beneficial owner enter the name of the owner.
Click Update details to save.

Related topics

Managing a company

Templates

Officers

Page tree

Share classes

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