ownership share
in accordance with the definition of a "share" in section 422(6) of the Act (Controller):
- (a) (in relation to an undertaking with a share capital) an allotted share;
- (b) (in relation to an undertaking with capital but no share capital) a right to share in the capital of the undertaking ;
- (c) (in relation to an undertaking without capital) an interest:
- (i) conferring any right to share in the profits, or liability to contribute to the losses, of the undertaking ; or
- (ii) giving rise to an obligation to contribute to the debts or expenses of the undertaking in the event of a winding up.5