{
  "url": "https://openlegislation.uk/companies-act-2006/section-688",
  "json_url": "https://openlegislation.uk/companies-act-2006/section-688.json",
  "legislation": "ukpga/2006/46",
  "legislation_title": "Companies Act 2006",
  "legislation_url": "https://openlegislation.uk/companies-act-2006",
  "path": "section/688",
  "kind": "section",
  "number": "688",
  "heading": "Redeemed shares treated as cancelled",
  "text": "Where shares in a limited company are redeemed—\n(a) the shares are treated as cancelled, and\n(b) the amount of the company's issued share capital is diminished accordingly by the nominal value of the shares redeemed.",
  "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/688",
    "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."
}