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Transactions: Adjustment to Stated Capital

Nonto
Nonto
  • Updated

Make Stated Capital adjustments for an entity in just a few clicks, indicating any additions or reductions to its capital.

Overview

Adjusting stated capital is a quick and straightforward process within Athennian. You can easily add to or reduce stated capital and specify the transaction and resolution dates.

Availability: All plans.

Important: Adjustments to Stated Capital are only seen in the Stated Capital tab and not in the Transactions tab.

Navigate to the Stated Capital Tab

  1. From the main menu, navigate to the Entities tab
  2. Select the entity to be updated
  3. Click on the Securities tab from the vertical menu on the left-hand side of the page
  4. Click on Ownership from the drop-down menu that appears
  5. Select the Class to be updated from the dropdown
  6. Click on the Stated Capital tab

Adjust Stated Capital

  1. Click on the + New button on the top right-hand side of the page
  2. Click on the Adjustment to Stated Capital button from the New Transaction pop-up that appears
  3. Select the type of adjustment from the Select Type drop-down menu
  4. Choose an Addition to Stated Capital or a Reduction of Stated Capital
  5. Enter the mandatory Transaction Date and the Resolution Date in the respective fields
    • Note: Check off Blank Transaction Date and/or Blank Resolution Date if there are none
  6. Enter the amount to be adjusted in the Amount field, and update the Currency and Consideration fields if applicable
  7. Enter any relevant information in the Other Consideration, Use On Register, User On Register To and Use On Register text fields if applicable
  8. Click the Create button located in the bottom right corner of the modal

Once created, the Addition of Stated Capital or Reduction to Stated Capital transaction will appear in the Stated Capital tab in a Pending status.

Edit Existing Addition or Reduction to Stated Capital

  1. Navigate to the Stated Capital tab
  2. Select and open the relevant transaction from the list
  3. Make any necessary changes
  4. When confirmed, update the Status from Pending to Confirmed using the status dropdown at the top right corner
  5. Click the Update button located in the bottom right corner of the modal

Video Instructions