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How do I do a share transfer within the share register?

Article ID
ias-2676
Article Name
How do I do a share transfer within the share register?
Created Date
4th April 2006
Product
IRIS Company Secretarial
Problem
How do I do a share transfer within the share register?
Resolution
Select – Edit | Share Register | Transfers tab | New The screen is used to enter a transfer of shares from one shareholder to another. The following fields are available: ‘Shares held in’: clarifies the identifier and name of the business that the transfer is related to. These can not be amended and are greyed out. ‘Share type’: for the share type the transfers are based on; there is a drop down arrow that identifies the various share types that have been created in the share register. ‘Payable per share’: enter the amount that the member has to pay for each of these shares that are being transferred to them. ‘Date’: enter the date that the transfer has taken place. ‘Number of shares’: enter the number of shares that are being transferred ‘Total payable’: is automatically updated by multiplying the Number of shares by the Payable per share amount. ‘From’: select the Choose button at the end of the field and select the transferor To select the transferee. Choose an IRIS client (one already setup on the IRIS basic database) or Other shareholder (being a non client) or an Existing shareholder (a list of members already connected to this client). ‘Total Paid’ applies only as and when the member has paid for these shares. To enter the total amount or the remaining amount, press F2 and IRIS will automatically enter this amount. If this field is completed then a Date paid also needs to be entered. Paid reference is if a reference exists for the payment for the shares.

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