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Partnerships SIs

The main Act is the Partnerships Act 1890

This page containes the Statutory Instruments relating to CICs.

Partnerships (Unrestricted Size) No. 14 Regulations 2000/486
(Extends exemption from the limit to 20 partners to surveyors and corresponding professions in the EU.)

The Partnerships (Unrestricted Size) No. 15 Regulations 2000/2711

Section 716 of the Companies Act 1985 prohibits the formation of partnerships consisting of more than 20 persons. These Regulations exempt from that prohibition partnerships formed for the purpose of carrying on practice as actuaries, and consisting of persons the majority of whom are either Fellows of the Institute of Actuaries or of the Faculty of Actuaries, or full actuary members of one or more of the associations listed in the Schedule to the Regulations. They replace, and revoke, earlier Regulations (S.I. 1996/262) which provided for an exemption in relation to partnerships consisting of persons three-quarters or more of whom were Fellows of either the Institute of Actuaries or Faculty of Actuaries.

The Partnerships (Unrestricted Size) No. 16 Regulations 2001/1389
Section 716 of the Companies Act 1985 prohibits the formation of partnerships consisting of more than 20 persons. These Regulations exempt from that prohibition partnerships formed for the purpose of carrying on investment business which are either
(a) authorised to carry on that business under the Financial Services Act 1986, or
(b) European investment firms carrying on home-regulated businessin the United Kingdom (for definitions see regulation 2(2)).

The Partnerships (Unrestricted Size) No. 17 Regulations 2001/2422
These Regulations exempt from the limit of 20 partners partnerships formed for the purpose of carrying on practice as insolvency practitioners and consisting of persons the majority of whom
(a) are authorised to act as insolvency practitioners under the Insolvency Act 1986, or
(b) have an equivalent authorisation under the law of a Member State of the European Economic Area.

The Insolvent Partnerships (Amendment) Order 2001/767
This Order amends the Insolvent Partnerships Order 1994 (S.I. 1994/2421. It provides that sections 1, 1A, 8A[a], 13, 14 and 17, in addition to those sections of the Company Directors Disqualification Act 1986 (c. 46) (the "CDDA") already applied, are applied to insolvent partnerships, with modifications, where appropriate, as set out in Schedule 8 of the Insolvent Partnerships Order 1994.These provisions allow the Secretary of State to accept a disqualification undertaking from a person who is or has been an officer of a partnership where an insolvent partnership is wound up as an unregistered company.

The Partnerships and Unlimited Companies (Accounts) (Amendment) Regulations 2005/1987
These Regulations amend the Partnerships and Unlimited Companies (Accounts) Regulations 1993 (S.I. 1993/1820)