How to do Share Transfers

Introduction

This topic explains how to do a Share Transfer using the share register.

The following option is available within Accounts Production, Company Secretarial and Company Formations.

1. From the menu bar select Edit | Share Register.

2. In Accounts Production the Share Register option is only available where the Share Register Status is activated to indicate that the client's data is good for the period end this is for. To verify the Share Register Status go to Edit | Share Register Status.

The following screen displays:

2. Click the Transfers tab and click New.
   
   

The following screen displays.

3. Select the share type to be transferred from the Share type list.

4. Enter the required payable per share value in the Payable per Share field.

5. Enter the relevant date in the Date field.

6. Enter the required number of shares to be transferred in the Number of Shares field.

• The share type number will be multiplied with the Payable per share value and automatically entered in the Total Payable field.

7. Click Choose to select the shareholder.

The From field allows you to choose the existing shareholder who is transferring their shares to a different/new shareholder.

The following screen displays.

This screen has options to Delete, Add or Edit existing shareholders.

8. Highlight the required shareholder and click Select.
   
   
   

9. The Stock Transfer screen displays with the From field completed with the name of the chosen Shareholder.
   
   
   

10. When allocating the shares to the new shareholder, select Add in the To field and choose the relevant option from the drop-down menu.
    
    
    
    If the first option is selected the following screen displays.

• This screen only displays when selecting Director/Secretary however a different screen will appear depending on the option you choose.

11. Highlight the relevant Shareholder and click Select.

The Stock Transfer screen displays with the To field completed with the name of the chosen Shareholder.

12. Enter the total paid in the Total Paid field.

13. Enter the relevant date in the Date Paid field.

14. Enter the reference in the Paid ref field.
    
    
    
    Entered By is completed automatically with the staff member id that has inserted the transaction once OK has been clicked.
    
    Acquired non beneficially - to be used to indicate that the To member specified above is not the beneficial owner of the shares.

15. Click OK.

• Form 42 options are Employee Related, Shares Unrestricted, Part of Scheme, Approved Scheme, PAYE/NIC has been operated and Market Value per share.  Select/enter the relevant options as appropriate.
  
  If the Log stock transfer to client's history is ticked, IRIS will automatically generate a Stock Transfer form ready to be printed from Reports | Company forms.  If not ticked, the transfer will show under the transfer tab in the share register but no form will be automatically generated.

16. Once this screen has been completed click OK for the transfer to be saved and shown on the main transfer screen or Cancel to abort the creation of the new transfer.

• The following screen displays the shares to be transferred. Click System Choice to accept the IRIS default allocation or edit this screen to allocate specific shares.

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