{
  "url": "https://openlegislation.uk/eu-directive-2017-1132/article-48",
  "json_url": "https://openlegislation.uk/eu-directive-2017-1132/article-48.json",
  "legislation": "eudr/2017/1132",
  "legislation_title": "Directive (EU) 2017/1132 of the European Parliament and of the Council of 14 June 2017 relating to certain aspects of company law (codification) (Text with EEA relevance)",
  "legislation_url": "https://openlegislation.uk/eu-directive-2017-1132",
  "path": "article/48",
  "kind": "article",
  "number": "48",
  "heading": "Paying up of shares issued for a consideration",
  "text": "Shares issued for consideration shall be paid up at the time the company is incorporated or is authorised to commence business at not less than 25 % of their nominal value or, in the absence of a nominal value, their accountable par.\nHowever, where shares are issued for consideration other than in cash at the time the company is incorporated or is authorised to commence business, the consideration shall be transferred in full within five years of that time.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/eudr/2017/1132/article/48",
    "retrieved_at": "2026-11-01T15:21:32.484711+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."
}