http://www.legislation.gov.uk/ukpga/2000/21/section/141/2004-08-01Learning and Skills Act 2000An Act to establish the Learning and Skills Council for England and the National Council for Education and Training for Wales, to make other provision about education and training, and for connected purposes.texttext/xmlenStatute Law Database2025-10-15Expert Participation2004-08-01 Part V Miscellaneous and general Other miscellaneous provisions Training programmes: cessation of funding.1411This section applies to a company if—ait has entered into an arrangement with the Secretary of State with a view to receiving payments under section 2(2)(d) of the Employment and Training Act 1973 (arrangements in respect of training) in connection with the provision of facilities,bbefore the passing of this Act the company has received notice from the Secretary of State that he intends to terminate the arrangement mentioned in paragraph (a),cthe company’s memorandum and articles of association are in a form approved by the Secretary of State generally or specifically for purposes connected with arrangements of the kind described in paragraph (a), anddthe company’s memorandum of association requires all income and profits to be applied towards the promotion of the company’s objects and not to be distributed to members.2Unless the Secretary of State consents in writing, a company to which this section applies may not after the passing of this Act—atake action of a prescribed kind, orbcause or permit a person to take action of a prescribed kind.3In subsection (2) “prescribed” means prescribed by order of the Secretary of State; and the action which may be prescribed under that subsection includes, in particular—amaking a disposal or payment of a prescribed kind or in prescribed circumstances,bincurring expenditure of a prescribed kind or in prescribed circumstances, andcentering into a transaction of a prescribed kind or in prescribed circumstances.4A company to which this section applies shall comply with a written direction from the Secretary of State given after the passing of this Act which requires it to transfer an asset to—aa specified body, orbthe Secretary of State.5Before giving a direction to a company under subsection (4) the Secretary of State shall consult the company.6Where a company to which this section applies takes, causes or permits action in contravention of subsection (2) the High Court may on the application of the Secretary of State make any order which seems to it appropriate.7An order under subsection (6) may, in particular—aprovide for a contract or other agreement to be of no effect;bvary the terms of a contract or other agreement;crequire money to be paid to the Secretary of State by or on behalf of the company to which this section applies;drequire money to be paid to the Secretary of State by or on behalf of any other specified person;erequire the Secretary of State to pay to a specified person compensation of an amount specified in the order or determined in accordance with the order.8Section 150 shall not apply to this section; but in the application of this section to a company which operates in Wales—aa reference to the Secretary of State in subsection (1)(a) and (b) shall be construed as a reference to the Secretary of State or the National Assembly for Wales,bthe functions conferred or imposed on the Secretary of State by subsections (2) to (6) shall be exercisable by the National Assembly, andca reference in subsections (2) to (7) to the Secretary of State shall be taken as a reference to the National Assembly.S. 141 wholly in force at 1.1.2001; s. 141 not in force at Royal Assent see s. 154; s. 141 in force (E.) at 10.8.2000 by S.I. 2000/2114, art. 2(2), Sch. Pt. II; s. 141 in force (W.) at 1.1.2001 by S.I. 2000/3230, art. 2, Sch.1973 c. 50.