{
  "url": "https://openlegislation.uk/community-interest-company-regulations-2005/schedule-4A/paragraph-12",
  "json_url": "https://openlegislation.uk/community-interest-company-regulations-2005/schedule-4A/paragraph-12.json",
  "legislation": "uksi/2005/1788",
  "legislation_title": "The Community Interest Company Regulations 2005",
  "legislation_url": "https://openlegislation.uk/community-interest-company-regulations-2005",
  "path": "schedule/4A/paragraph/12",
  "kind": "paragraph",
  "number": "12",
  "heading": "Other minor definitions",
  "text": "(1) In this Schedule—\n“net value”, in relation to any assets received or receivable by a director, means value after deducting any money paid or other value given by the director in respect of those assets;\n“qualifying services”, in relation to any person, means the person’s services as a director of the company, and that person’s services while director of the company—\n(a)as director of any of its subsidiary undertakings, or\n(b)otherwise in connection with the management of the affairs of the company or any of its subsidiary undertakings.\n(2) For the purposes of this Schedule, remuneration paid or receivable or share options granted in respect of a person’s accepting office as a director are treated as emoluments paid or receivable or share options granted in respect of the person’s services as a director.",
  "extent": "E+W+S",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Sch. 4A inserted (7.8.2018 with application in accordance with reg. 1(3) of the amending S.I.) by The Companies (Miscellaneous Reporting) Regulations 2018 (S.I. 2018/860), reg. 1(3), Sch."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2005/1788/schedule/4A/paragraph/12",
    "retrieved_at": "2026-11-09T03:31:00.086408+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}