Due to COVID-19 restrictions our office will be closed from Thursday 6th of August and all orders will be processed remotely.
Hard copy delivery of documents will cease until restrictions are eased. You will still receive your documents electronically.
Stay safe, healthy and positive during these difficult times and we look forward to getting back to business as usual soon.
Changes to the class of shares or changes to member’s holdings must be recorded in the ASIC register. All companies need to advise ASIC when they issue or cancel shares and when they make changes to their share structure. These changes can be the result of the company issuing more shares, a person acquiring shares from another member, another member ceasing to hold a portion or all of their shares, or any combination of these.
The shares register must detail information about shares including:
Issue of shares
An issue of new shares to the company is basically adding new shares to increase the total shares of the company. For example a company may have 100 shares and you wish to issue another 50 new shares bringing the total number of shares to 150. The new shares can be of any class and have any rights.
When a company issues shares, ASIC must be informed within 28 days of the allotment. ASIC asks for the following information:
If the company was not set up by Shelcom we do charge an establishment fee of $120 in addition to the change fee. The first two people/entities are included in the fees however every additional person/entity will be charged at $60 each.
Please contact our office on 1300 722 796 for information on how to complete this type of change.