(1) This Order may be cited as the Regulatory Reform (Removal of 20 Member Limit in Partnerships etc.) Order 2002, and shall come into force on the day after the day on which it is made.
(2) This Order extends to Great Britain.
S.I. 2002/3203
The Regulatory Reform (Removal of 20 Member Limit in Partnerships etc.) Order 2002 (S.I. 2002/3203)
This Order is made under section 1 of the Regulatory Reform Act 2001 (c. 6). It reforms the law relating to the maximum limit of 20 on the numbers of persons who can be members of partnerships (including limited partnerships), and of certain companies or associations, which has the effect of imposing burdens on people carrying out certain activities with a view to reducing those burdens in respect of the formation of such bodies. It does so by repealing sections 716 and 717 of the Companies Act 1985 (c. 6) and amending section 4(2) of the Limited Partnerships Act 1907 (c. 37), thereby removing the maximum limits on the number of members in a partnership or limited partnership, company or association. It repeals consequentially section 127 of the Trade Union and Labour Relations (Consolidation) Act 1992 (c. 52) which exempts employers' associations from the 20 member limit in section 716.
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Sections 716 (general partnerships etc.: limit on number of members) and 717 (limited partnerships: limit on number of members) of the Companies Act 1985 are hereby repealed.
Section 4(2) of the Limited Partnerships Act 1907 is hereby amended by omitting the words “shall not consist of more than twenty persons, and”.
Section 127(3) of the Trade Union and Labour Relations (Consolidation) Act 1992 (20 member limit in section 716 Companies Act 1985 not to apply to employers' associations) is hereby repealed.
Cite this legislation
- Official citation
- S.I. 2002/3203
- Source
- legislation.gov.uk
- Data synced
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- OGL-3 ↗
The Regulatory Reform (Removal of 20 Member Limit in Partnerships etc.) Order 2002 (legislation.gov.uk, OGL-3). Retrieved via LawPlayer, https://lawplayer.com/uk/act/uksi-2002-3203
This text is synced from legislation.gov.uk. In case of any discrepancy, the official version prevails.
Contains public sector information licensed under the Open Government Licence v3.0 (legislation.gov.uk).