Rejection Code V490 - This owner already holds this class of share

Rejection error : V490 This owner already holds this class of share. Share holding already exists. The change of member name matches to an existing Member in this joint shareholding.

This rejection can occur for the following changes:

- A new Member name and holding details must not be the same as the details of an existing Member on ASIC's record

Forms affected:

  • 484 C2 Issue of Shares
  • 484 C3 Transfer of Shares
  • 484E Extended


- Check for the name entered on the form and if it has been entered as a new Shareholder instead of an existing Shareholder

- Try to check if any previous form lodged recently that issues share to the concerned Shareholder


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