Section 578(5)

In that case— the references in subsection (1) to subscription shall be construed accordingly; references in subsections (2) and (3) to the repayment of money received from applicants for shares include— the return of any other consideration so received (including, if the case so requires, the release of the applicant from any undertaking), or if it is not reasonably practicable to return the consideration, the payment of money equal to its value at the time it was so received; references to interest apply accordingly.

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Source: legislation.gov.uk · retrieved 2026-09-04