# The Partnership (Unrestricted Size) No. 7 Regulations 1990, Note: Explanatory note


(This note is not part of the Regulations)
Section 716 of the Companies Act 1985 prohibits the formation of partnerships of more than 20 persons. These Regulations exempt from that prohibition partnerships formed for the purpose of carrying on business as town planners and consisting of persons at least three-quarters of whom are members (as defined) of the Royal Town Planning Institute.

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Source: https://www.legislation.gov.uk/uksi/1990/1969/note (the official version)
Page: https://openlegislation.uk/partnership-unrestricted-size-no-7-regulations-1990/note
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.