Complete a company formation project: section 4 Subscribers

Before you start

Subscribers

Select
Yes
if you want to produce share certificates for the subscribers.
Select
Add
.
Enter the full name of the first or only subscriber, or choose
Select Existing Contact
if you've already entered their details in Onvio Centre.
Select Yes if the subscriber's
Address for the Public Record
is the same as the company's registered office, otherwise select
No
and enter the address.
Select Yes if the
Correspondence Address for the Company Share Register
is the same as the
Address for the Public Record
, otherwise select No and enter the address.
Choose the class from the
Share Class
drop-down list, then enter the number of shares in this issue to the subscriber in the
Quantity of Shares
field.
note
To change the options displayed in the
Share Class
drop-down list, select Tab 2 Corporate Details > Share Capital.
When you enter a quantity of shares, each share is automatically given a unique identifying number.
If the subscriber will be charged a premium on each share, select Yes for
Shares issued at a Premium
and enter the
Premium per Share.
If the subscriber has paid or part-paid the amount due for this share issue, enter the
Date of Payment
.
Select Fully-Paid, Partly-Paid, or Nil-Paid depending on how much the subscriber has paid towards the nominal value and premium for this issue of the share class.
If the subscriber has partly-paid, you will also need to enter the amount paid in cash towards the nominal value of each share.
If any of the subscriber's payment includes a consideration other than cash, enter the amount of the nominal value of each share paid for in this way and a description of this consideration.
Select either Fully-Called, Part-Called or Nil-Called depending on how much, if any, the company has required the subscriber to pay for this issue of shares.
Select three security questions for the subscriber from the drop-down lists and enter three characters from the answer to each.
Select
Save and Close
.
note
On saving, a shareholder relationship is formed between the company's client record and shareholder's client/contact record in Onvio Centre. If you try to delete a record of a subscriber's shareholding in this project, you will see a warning that the relationship will also be deleted.
The
Share Class
,
Quantity of Shares
and
Identifying Numbers
in a record of a subscriber's shareholding in the company formation project cannot be edited after saving. To change these details, you will need to delete the record, then select
Add
to make a new one.
Repeat the steps above for each share class issued to a subscriber.
When the details of all issues of share classes to subscribers have been entered, select
Next
.