{
  "url": "https://openlegislation.uk/companies-act-2006/section-686",
  "json_url": "https://openlegislation.uk/companies-act-2006/section-686.json",
  "legislation": "ukpga/2006/46",
  "legislation_title": "Companies Act 2006",
  "legislation_url": "https://openlegislation.uk/companies-act-2006",
  "path": "section/686",
  "kind": "section",
  "number": "686",
  "heading": "Payment for redeemable shares",
  "text": "(1) Redeemable shares in a limited company may not be redeemed unless they are fully paid.\n(2) The terms of redemption of shares in a limited company may provide that the amount payable on redemption may, by agreement between the company and the holder of the shares, be paid on a date later than the redemption date.\n(3) Unless redeemed in accordance with a provision authorised by subsection (2), the shares must be paid for on redemption.",
  "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/686",
    "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."
}