{
  "url": "https://openlegislation.uk/companies-shares-and-share-capital-order-2009/article-5",
  "json_url": "https://openlegislation.uk/companies-shares-and-share-capital-order-2009/article-5.json",
  "legislation": "uksi/2009/388",
  "legislation_title": "The Companies (Shares and Share Capital) Order 2009",
  "legislation_url": "https://openlegislation.uk/companies-shares-and-share-capital-order-2009",
  "path": "article/5",
  "kind": "article",
  "number": "5",
  "heading": "Redemption or purchase of own shares out of capital by a private company: prescribed form of, and information with respect to the nature of the company’s business to be contained in, a directors’ statement",
  "text": "(1) The directors’ statement required by section 714 (directors’ statement to be made where a private company makes a payment out of capital for the redemption or purchase of its own shares) must—\n(a) be in writing;\n(b) indicate that it is a directors’ statement made under that section; and\n(c) be signed by each of the company’s directors.\n(2) The statement must state—\n(a) whether the company’s business includes that of a banking company; and\n(b) whether its business includes that of an insurance company.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2009/388/article/5",
    "retrieved_at": "2026-10-29T03:17:19.664533+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."
}