Company: MAGH
Filing Date: 2025-06-10
Form Type: F-1/A
Source: 0001641172-25-014489
Chunk: 148

Company: Magnitude International Ltd
Filing Date: 2025-06-10
Form: F-1/A
Chunk 148
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-offering Memorandum and Articles, the remuneration of the directors may be determined by our directors.

Borrowing Powers. Our directors may from time to time at their discretion exercise all the powers of the Company to raise or borrow money and to mortgage or charge its undertaking, property and assets (present and future) and uncalled capital or any part thereof, to issue debentures, debenture stock, bonds and other securities, whether outright or as collateral security for any debt, liability or obligation of the Company or of any third party.

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Qualification of directors. There is no shareholding qualification for directors nor is there any specified age limit for directors.

Inspection of Books and Records. Holders of our Ordinary Shares will have no general right under Cayman Islands law to inspect or obtain copies of our corporate records (except for our Post-offering Memorandum and Articles, any special resolutions passed by our Company and the register of mortgages and charges of our Company). However, we will provide our shareholders with annual audited financial statements.

Exempted Company.We are an exempted company with limited liability under the Companies Act. The Companies Act distinguishes between
ordinary resident companies and exempted companies. Any company that is registered in the Cayman Islands but conducts business
mainly outside of the Cayman Islands may apply to be registered as an exempted company. The requirements for an exempted company are
essentially the same as for an ordinary company except that an exempted company:

| ● | does                                                                                                                               
 not have to file an annual return of its shareholders with the Registrar of Companies;                                             |
| ● | is                                                                                                                                 
 not required to open its register of members for inspection;                                                                       |
| ● | does                                                                                                                               
 not have to hold an annual general meeting;                                                                                        |
| ● | may                                                                                                                                
 issue shares with no par value;                                                                                                    |
| ● | may                                                                                                                                
 obtain an undertaking against the imposition of any future taxation (such undertakings are usually given for 20 years in the first 
 instance);                                                                                                                         |
| ● | may                                                                                                                                
 register by way of continuation in another jurisdiction and be deregistered in the Cayman Islands;                                 |
| ● | may                                                                                                                                
 register as a limited duration company; and                                                                                        |
| ● | may                                                                                                                                
 register as a segregated portfolio company.                                                                                        |

“Limited liability” means that the liability of each shareholder is limited to the amount unpaid by the shareholder on that shareholder’s shares of the company (except in exceptional circumstances,