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8 March 2023ASX RELEASE Cancellation of shares ASIC Form 484A copy of the ASIC Form 484 lodged by Southern Cross Media Group Limited (ASX: SL) (SCA) with ASIC on 8 March 2024 is attached. The Form
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How to fill out cancellation of shares asic

01
Obtain the necessary forms for cancellation of shares from ASIC.
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Fill out the forms accurately and completely.
03
Provide any supporting documentation required, such as share certificates or proof of ownership.
04
Pay the applicable fees for filing the cancellation of shares with ASIC.
05
Submit the completed forms and supporting documents to ASIC either by mail or electronically.
06
Await confirmation and notification from ASIC regarding the cancellation of shares.
07
Update the company's records and inform relevant stakeholders about the cancellation of shares.

Who needs cancellation of shares asic?

01
The cancellation of shares asic may be needed by various stakeholders including:
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- Companies seeking to reduce their share capital or restructure their ownership.
03
- Shareholders who wish to cancel their shares and no longer hold ownership in a company.
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- Investors or individuals involved in a merger, acquisition, or corporate restructuring.
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- Regulatory authorities or legal entities requiring documentation of share cancellations for compliance purposes.
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- Financial institutions or auditors conducting audits or reviews of a company's share capital.
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- Legal professionals involved in corporate legal matters or disputes.
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Cancellation of shares ASIC refers to the process by which a company officially cancels or reduces its share capital by removing shares from its register, typically following a resolution by the company's directors.
Companies that have resolved to cancel shares must file the cancellation of shares with ASIC to inform them of the changes in share capital.
To fill out the cancellation of shares form, a company must provide details such as the company name, ACN, the number of shares being cancelled, and accompanying resolutions or minutes of meetings approving the cancellation.
The purpose of cancellation of shares ASIC is to officially record the reduction of share capital, update the company’s register, and ensure compliance with Australian Corporations Law.
The reported information must include the company's ACN, the number and class of shares being cancelled, the date of the cancellation, and any relevant resolutions or approvals.
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