Record Share Details and Subscribers
Incorporations with share capital are required to disclose their share and subscriber shareholder information on the incorporation form.
To record and view share classes and subscribers:
-
Open the incorporation record and select Ownership > Share Classes.
- On the Share Classes page, select New to open the New Share Class wizard.
-
Create the share classes you need by completing the wizard.
For more information on how to complete the wizard, refer to Create a Share Class.
- Once you created all the required share classes, go to the Subscribers tab.
-
On the Subscribers page, select New to open the New Subscriber wizard.
- On the Share Class page of the wizard, select the share class the shares are to be subscribed from and select Next.
- On the Subscriber page, specify the subscriber, then select Next.
Use the Search field to select whether to search in individuals, companies, and so on. In the By field you can specify what detail to search by, such as name or quick reference. The Advanced Search gives you more options to refine your search such as who the entity is managed by. Enter the name of the entity in the Begins with or Contains field and select Search. If the entity you want to select does not have a record in the system, select New and create it.
Note
Whether the search is a contains or a begins with type of search depends on your user preferences. Refer to Change User Preferences to learn more.
-
On the Transferee page, you can specify the entity the shares are to be transferred to after the incorporation has been completed.
-
On the Subscription page, enter the amount of shares the subscriber is subscribing for.
-
On the Consideration page, enter the amount paid per share and the total paid if the consideration paid differs from the nominal value. Select Next.
-
On the Finish page, select Finish to complete the wizard.
