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COMPANIES ACT 2014 COMPANY LIMITED BY GUARANTEE AND NOT HAVING SHARE CAPITALCONSTITUTION OF ROUGH MAGICCONSTITUTION ofROUGH MAGIC MEMORANDUM OF ASSOCIATION (As amended by Special Resolution dated
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In a financial context, 'having share' refers to ownership in an organization or asset, while 'not having share' indicates a lack of such ownership or equity.
Individuals or entities that do not hold any shares in a company may not be required to file certain ownership-related disclosures, while those who do hold shares are typically required to file relevant documents.
If an individual does not have shares, they typically would not fill out any related forms, but if required, they would indicate 'none' or 'not applicable' in ownership sections.
The purpose of indicating 'not having share' is to clarify one's ownership status and to ensure transparency in financial disclosures.
If a person does not have shares, typically no specific ownership information needs to be reported, but relevant personal or financial information may still be necessary.
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