{
  "url": "https://openlegislation.uk/companies-act-2006/section-550",
  "json_url": "https://openlegislation.uk/companies-act-2006/section-550.json",
  "legislation": "ukpga/2006/46",
  "legislation_title": "Companies Act 2006",
  "legislation_url": "https://openlegislation.uk/companies-act-2006",
  "path": "section/550",
  "kind": "section",
  "number": "550",
  "heading": "Power of directors to allot shares etc: private company with only one class of shares",
  "text": "Where a private company has only one class of shares, the directors may exercise any power of the company—\n(a) to allot shares of that class, or\n(b) to grant rights to subscribe for or to convert any security into such shares,\nexcept to the extent that they are prohibited from doing so by the company's articles.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2006/46/section/550",
    "retrieved_at": "2026-10-29T09:13:40.060156+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."
}