Cancel a Share Class
After a subdivision or redesignation, you can cancel share classes you no longer need.
Before you start
Make sure the share class you want to cancel have zero shares issued and allotted.
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Open the required company record and go to Ownership > Share Classes.
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On the Share Classes page, select Options
against the share class you want to cancel and select Cancel Share Class. -
On the Share Class page of the Share Class Cancel wizard, select the share class you want to cancel, then select Next.
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On the Event Date page, enter the event date, then select Next.
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On the Action page, choose whether you want to save the event as pending or update all records immediately, then select Next.
In the Tracking section, you can assign the event to a specific user and add a reminder. Refer to Pending events to learn more.
- On the Finish page, wait while the event is processed. When the status shows as Completed, select Finish to close the wizard.
