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URN No: 05/1967
The Removal of the 20 Member Limit
Relevant or Related Legislation
On 21 December 2002 the Regulatory Reform Order removing the 20 member limit came into force. Statutory Instrument number 2002/3203 repeals Sections 716 (general partnerships etc: limit on number of members) and 717 (limited partnerships: limit on number of members) of the Companies Act 1985.
Main Points
The effect of the Order is remove the 20 member limit which applied, with some exceptions, to partnerships, limited partnerships, unregistered companies and associations, formed for the purpose of gain. These businesses now have the freedom to organise in the way most appropriate to their circumstances.
Relevant documents/consultations
A copy of the final order (SI 2002/3203) is available from the HMSO website.
The reports of the Parliamentary Scrutiny Committees can be viewed on the United Kingdom Parliament website.
The twenty-third report of the Select Committee on Delegated Powers and Regulatory Reform and the twelfth report of the Select Committee on Regulatory Reform cover the first stage of Parliamentary Scrutiny.
The twenty-ninth report of the Select Committee on Delegated Powers and Regulatory Reform and the fourteenth report of the Select Committee on Regulatory Reform cover the second stage of Parliamentary Scrutiny.
