# The School Companies Regulations 2002, Regulation 15: Grounds on which a local education authority may refuse permission to a school governing body to become a member of a school company


Where the governing body of a maintained school seek the consent of the local education authority to form or become a member of a company in exercise of their powers under section 11 of the 2002 Act, the local education authority must give that consent unless–
(a) the school is subject to special measures;
(b) the school has serious weaknesses;
(c) the local education authority considers that the school is likely to become subject to special measures or be assessed as having serious weaknesses within the next year;
(d) the school has a deficit budget;
(e) the governing body of the school has, within the last 3 years, been a member of a school company which became insolvent at a time when the governing body was a member; or
(f) the governing body of the school has been a member of a company which failed to act in accordance with these regulations within the last 3 years.

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Source: https://www.legislation.gov.uk/uksi/2002/2978/regulation/15 (the official version)
Page: https://openlegislation.uk/school-companies-regulations-2002/regulation-15
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.