Adding Non-ASIC Shareholdings to a Public Company in Corporate Messenger

(Note: The guidance below relates to Corporate Messenger accounts with Managing Transactions module activated. For non-Managing Transactions instructions see How to add Non-ASIC Listed shareholders for Private Companies)

Question

How can I record shareholders within NowInfinity that are not recorded with ASIC?

How can I display all Shares within a Public Company without listing all Individual Shareholders?

Answer

Adding allotments where the Shareholder is known

1. Navigate to Menu > Corporate Messenger > Companies > Click to view full Profile > change View to Share Summary from the top right of the Company Profile.

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2. Select "Add New Shareholder".

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3. Complete the required fields > select Save.

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Note:

  • When adding a Company the Company Name and Registered Address will automatically populate based on the Company's record. This can not be manually altered.

Adding allotments where the Shareholder is unknown

Where the complete list of Shareholders is not known, the following can be used to record an allotment to allow the total allotments to be correct.

Disclaimer: This is intended for use of recording allotments where the Shareholder is unknown. When completing an appointment of an Officeholder, when this allotment instance is selected for "Members Chairperson" or "Member's Resolution", the Online Editor can be used so that the specific shareholder details are reflected.

As outlined in Corporate Messenger: ASIC Form Enhancements, Section 201H of the Corporations Act states that Directors to be appointed by the Members of the Company, and our forms used to appoint Officeholders have been updated to reflect this. Attempting to use this allotment in these capacities would not meet these requirements.

If the Shareholders are not known, follow the procedure above and in the Shareholder details form the following should be entered:

  • Shareholder Type: Individual
  • First Name: Shareholders
  • Middle Name: For
  • Last Name: Company Name Ltd
  • Address details: enter the company's registered address

 

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