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The School Companies Regulations 2002

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  1. Introductory Text

  2. PART 1 Preliminary

    1. 1.Citation and commencement

    2. 2.Interpretation

    3. 3.Definition of “an agreement under the private finance initiative”

    4. 4.Companies governed by these Regulations

  3. PART 2 Restrictions on School Companies

    1. 5.Persons who may be admitted to membership of School Companies

    2. 6.Restriction on entering into contracts in which a director of the company has an interest

    3. 7.Procedure in meetings of the directors if a director has an interest in a matter to be discussed

    4. 8.Directors of School Companies and their remuneration

    5. 9.Procedure for deciding remuneration and benefits of directors

    6. 10.Application of any surplus or profits of a school company

    7. 11.Permission required before a school company may borrow

    8. 12.Restriction on school funding of school companies

    9. 13.Circumstances where a governing body must withdraw from a school company

    10. 14.Notice required if a member wishes to leave a company

  4. PART 3 Seeking Consent to Become a Member of a School Company

    1. 15.Grounds on which a local education authority may refuse permission to a school governing body to become a member of a school company

    2. 16.Duty to provide written reasons for refusal

  5. PART 4 The Supervising Authority for a School Company

    1. 17.Designation of a supervising authority by a school company

    2. 18.Designation of a supervising authority by the relevant local education authorities

    3. 19.Designation of a supervising authority by the Secretary of State

    4. 20.Written notice required when the Secretary of State revokes the designation of a supervising authority

    5. 21.Supervising authority may resign

    6. 22.Circumstances in which the supervising authority must resign

    7. 23.Procedure where a supervising authority resigns

    8. 24.Notification required if a company ceases to be a school company

    9. 25.Initial functions of a supervising authority

    10. 26.Duties of a supervising authority

    11. 27.Duty to notify Secretary of State

    12. 28.Duty of a school company to provide information and accounts to its supervising authority

    13. 29.Powers of a supervising authority

    14. 30.Circumstances where a supervising authority must direct a governing body

    15. 31.Procedures relating to directions from a supervising authority

    16. 32.Direction to a governing body to reduce its involvement in the management of a school company

    17. 33.Direction to a governing body to resign from a school company

    18. 34.Notification and revocation of a direction to a governing body

    1. SCHEDULE 1 Regulation 5

      1. 1.Individuals who cannot be members of a school company

  6. Explanatory Note

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