{
  "url": "https://openlegislation.uk/companies-consolidation-act-1908/schedule-FIRST/paragraph-5",
  "json_url": "https://openlegislation.uk/companies-consolidation-act-1908/schedule-FIRST/paragraph-5.json",
  "legislation": "ukpga/Edw7/8/69",
  "legislation_title": "Companies (Consolidation) Act 1908",
  "legislation_url": "https://openlegislation.uk/companies-consolidation-act-1908",
  "path": "schedule/FIRST/paragraph/5",
  "kind": "paragraph",
  "number": "5",
  "heading": null,
  "text": "No share shall be offered to the public for subscription except upon the terms that the amount payable on application shall be at least five per cent of the nominal amount of the share ; and the directors shall, as regards any allotment of shares, duly comply with such of the provisions of sections eighty-five and eighty-eight of the Companies (Consolidation) Act, 1908, as may be applicable thereto.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/Edw7/8/69/schedule/FIRST/paragraph/5",
    "retrieved_at": "2026-10-29T12:20:55.325260+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."
}