Question
What are the total paid and unpaid amounts for Shareholders? How are these updated?
Answer
The total amount paid is based off the nominal value that the shares were originally recorded as with ASIC to purchase the shares. If shares are purchased and they are only partially paid or not fully paid, the shareholding will display with an unpaid figure also known as the total amount unpaid.
Managing Transactions
Within a company registration or issue of shares form, accounts with this feature would need to enter the total amount paid and unpaid Once entered the form provides a projected amount and unpaid amount per share.
Without Managing Transactions
Within a company registration or issue of shares form, accounts without Managing Transactions would need to enter the amount paid or unpaid per share. Once the form is completed the total paid and unpaid amounts will be displayed within the generated documents.
Note: NowInfinity does not have the documents available to update the price paid or unpaid per share. These changes would need to be completed directly with ASIC.