The School Companies Regulations 2002

  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

      1. Individuals who cannot be members of a school company

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

      3. 2.A person who has made a composition or arrangement with,...

      4. 3.A person who is subject to a disqualification order under...

      5. 4.A person who has been removed from the office of...

      6. 5.A person who has been removed under section 7 of...

      7. 6.A person who is included in the list of teachers...

      8. 7.A person who is disqualified from being the proprietor of...

      9. 8.A person who is subject to a direction under section...

      10. 9.A person who either during his membership of the company,...

      11. 10.A person who within the period of 20 years ending...

      12. 11.A person who at any time has been convicted as...

      13. 12.A person who has not attained the age of 18;...

      14. 13.A person who is liable to be detained under the...

      15. 14.A person who is employed by the governing body of...

  6. Explanatory Note