Filing a conversion of shares
Learn how to notify ACRA if you convert your existing shares into a different class (type) of shares.
Note: Share transactions are complex and errors can be costly. If you are unsure about share matters or how to file the correct share transactions in Bizfile, seek professional advice from a corporate service provider (CSP).
If you make an error during filing and cannot resolve it by filing a Notice of Error, you may need to obtain an Order of Court to amend the error.
What is share conversion
Share conversion changes existing shares into a different class (type) of shares.
Reasons and types of conversions
What you need to know | Details |
|---|---|
Common reasons to convert shares | Companies may convert shares if shareholders choose or need to hold a different class of shares. For example, due to:
|
Common conversions | Ordinary shares may be converted into:
|
Note Non-redeemable preference shares cannot be converted into redeemable preference shares.
Filing a conversion of shares
This guide explains how to file a conversion of shares to notify ACRA. If your company wants to convert its shares, you must file this notice.
Who may file
Company officers (such as the director or company secretary) can file directly.
You may also engage a CSP to file on your behalf.
What you need to do before you file
Before you file, check if your company's constitution allows share conversions.
If it does not, you need to:
Pass a special resolution in a general meeting to approve any changes. A special resolution requires the formal approval of at least 75% of the shareholders.
File a special resolution via the General lodgement eService.
Fees and processing time
Filing a return of allotment
What you need to know | Details |
|---|---|
Fees | Free |
Approval time | Immediate |
How to file
Open the General lodgement eService and log in.
Select File conversion of shares.
Complete the required information.
Submit your filing.
More details: Section 74A of the Companies Act
