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  2. Point in time
    2024-11-19

ownership share

in accordance with the definition of a "share" in section 422(6) of the Act (Controller):

  1. (a) (in relation to an undertaking with a share capital) an allotted share;
  2. (b) (in relation to an undertaking with capital but no share capital) a right to share in the capital of the undertaking ;
  3. (c) (in relation to an undertaking without capital) an interest:
    1. (i) conferring any right to share in the profits, or liability to contribute to the losses, of the undertaking ; or
    2. (ii) giving rise to an obligation to contribute to the debts or expenses of the undertaking in the event of a winding up.5