from $660 (INCL GST)
A company may convert its shares into a larger or smaller number by shareholders simply passing an ordinary resolution at an (Extraordinary) General Meeting [CA sec 254H].
Such a process might be seen as beneficial, particularly in a stock exchange listed company, to enhance the company’s profile and/or trading in its shares and/or market acceptability because it is seen by some parties as having ‘too many’ or ‘too few’ shares on issue and out ‘in the market’.
We can help to split or consolidate issued shares by providing the following key activities:
- Shareholder Approval: we will help to prepare all necessary documents for meeting notices and minutes of resolution.
- Update the Share Register: we will help to prepare forms and the share register
- Re-Allocate Unpaid Share Amounts: we will help and provide instructions on this, include updating allotment journal and members register
- Issue New Share Certificates
- Notify and lodge with ASIC with the appropriate form/s
How long does the Shares Division or Consolidation take?
Generally, between 1 to 4 weeks. This depends on the matter complexity. Patricia Holdings staff will contact you upon receipt of the order and advise an expected timeframe and prepare a quote for you.
How much does the Shares Division or Consolidation cost?
Starts from $600 +GST. This depends on the matter complexity. Patricia Holdings can provide you with an accurate, obligation free quote for your consideration.
