UK Statutory Instrument SI 2002/2978 United Kingdom

The School Companies Regulations 2002

Read it on legislation.gov.uk (opens in a new tab)
Status
In Force
Penalty ceiling
Regulated

Does it bind you?

Business-side roles with duties under this instrument.

Trader11

Plus 1 duty on the regulator, Crown ministers and public bodies — folded into the section list below.

Other Acts binding the same actors

If a role above is yours, these are the other instruments that most often bind it.

Trader — also bound by 825 other Acts
Companies Act 2006 243 duties
Companies Act 1985 85 duties

What it requires

Regulations creating concrete business duties or carrying penalties, grouped as the instrument is structured. Titles link to the source text — blue means you’re leaving for legislation.gov.uk.

s.005 Persons who may be admitted to membership of School Companies Regulated
  • Restrict membership to approved persons and bodiesTrader
s.006 Restriction on entering into contracts in which a director of the company has an interest Regulated
  • Restrict contracts with director interests to necessary and reasonably priced goods/servicesTrader
s.007 Procedure in meetings of the directors if a director has an interest in a matter to be discussed Regulated
  • Include director conflict-of-interest rules in your company constitutionTrader
s.008 Directors of School Companies and their remuneration Regulated
  • Ensure your school company's constitution includes non-executive directors and a remuneration committeeTrader
s.009 Procedure for deciding remuneration and benefits of directors Regulated
  • Include director remuneration voting restriction in company constitutionTrader
s.010 Application of any surplus or profits of a school company Regulated
  • Decide how surplus or profits will be used in your company constitutionTrader
s.011 Permission required before a school company may borrow Regulated
  • Get permission from your supervising authority before borrowingTrader
s.014 Notice required if a member wishes to leave a company Regulated
  • Include member resignation clause with 12-week notice in constitutionTrader
s.017 Designation of a supervising authority by a school company Regulated
  • Designate a supervising local education authorityTrader
s.024 Notification required if a company ceases to be a school company Regulated
  • Notify supervising authority if your company ceases to be a school companyTrader
s.028 Duty of a school company to provide information and accounts to its supervising authority Regulated
  • Provide accounts and constitution to the supervising authorityTrader
s.034 Notification and revocation of a direction to a governing body Regulated
Other duties (1) — Crown / regulator
  • Supervising authority must notify school company of direction to governing body within 7 daysCrown / Minister / Government department
23 other provisions — procedural and definitional
sch. 1 Individuals who cannot be members of a school company
s.001 Citation and commencement
s.002 Interpretation
s.003 Definition of “an agreement under the private finance initiative”
s.004 Companies governed by these Regulations
s.012 Restriction on school funding of school companies
s.013 Circumstances where a governing body must withdraw from a school company
s.015 Grounds on which a local education authority may refuse permission to a school governing body to become a member of a school company
s.016 Duty to provide written reasons for refusal
s.018 Designation of a supervising authority by the relevant local education authorities
s.019 Designation of a supervising authority by the Secretary of State
s.020 Written notice required when the Secretary of State revokes the designation of a supervising authority
s.021 Supervising authority may resign
s.022 Circumstances in which the supervising authority must resign
s.023 Procedure where a supervising authority resigns
s.025 Initial functions of a supervising authority
s.026 Duties of a supervising authority
s.027 Duty to notify Secretary of State
s.029 Powers of a supervising authority
s.030 Circumstances where a supervising authority must direct a governing body
s.031 Procedures relating to directions from a supervising authority
s.032 Direction to a governing body to reduce its involvement in the management of a school company
s.033 Direction to a governing body to resign from a school company
Schedules

Schedules

0 of 15 shown
15 other schedules
s.sch001 A person who within the period of 20 years ending...
s.sch001 A person who at any time has been convicted as...
s.sch001 A person who has not attained the age of 18;...
s.sch001 A person who is liable to be detained under the...
s.sch001 A person who is employed by the governing body of...
s.sch001 Individuals who cannot be members of a school company
s.sch001 Individuals who cannot be members of a school company
s.sch001 A person who has made a composition or arrangement with,...
s.sch001 A person who is subject to a disqualification order under...
s.sch001 A person who has been removed from the office of...
s.sch001 A person who has been removed under section 7 of...
s.sch001 A person who is included in the list of teachers...
s.sch001 A person who is disqualified from being the proprietor of...
s.sch001 A person who is subject to a direction under section...
s.sch001 A person who either during his membership of the company,...

Duty extraction and severity labels are Guvnor’s analysis of the instrument, not the instrument itself. Always verify against the linked source text.