{
  "url": "https://openlegislation.uk/companies-act-1948/schedule-FIRST/group-TABLEn1/group-TABLE/part-II/paragraph-3",
  "json_url": "https://openlegislation.uk/companies-act-1948/schedule-FIRST/group-TABLEn1/group-TABLE/part-II/paragraph-3.json",
  "legislation": "ukpga/Geo6/11-12/38",
  "legislation_title": "Companies Act 1948",
  "legislation_url": "https://openlegislation.uk/companies-act-1948",
  "path": "schedule/FIRST/group/TABLEn1/group/TABLE/part/II/paragraph/3",
  "kind": "paragraph",
  "number": "3",
  "heading": null,
  "text": "The directors may, in their absolute discretion and without assigning any reason therefor, decline to register any transfer of any share, whether or not it is a fully paid share.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/Geo6/11-12/38/schedule/FIRST/group/TABLEn1/group/TABLE/part/II/paragraph/3",
    "retrieved_at": "2026-10-29T11:23:04.638870+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."
}