Industrial Training (Offshore Petroleum Board) (Revocation) Order 1991
| Jurisdiction | UK Non-devolved |
| Citation | SI 1991/263 |
1991 No. 263
EMPLOYMENT AND TRAINING
The Industrial Training (Offshore Petroleum Board) (Revocation) Order 1991
Made 14th February 1991
Laid before Parliament 27th February 1991
The Secretary of State, in exercise of the powers conferred on him by sections 1(1) and (7) and 4(1) and (2)(b) of the Industrial Training Act 19821and of all other powers enabling him in that behalf, after carrying out by him of consultations in accordance with section 1(4) of that Act, hereby makes the following Order:—
Citation, commencement and interpretation
1.—(1) This Order may be cited as the Industrial Training (Offshore Petroleum Board) (Revocation) Order 1991.
(2) The provisions of this Order (except articles 3 and 4) shall come into force on 31st March 1991.
(3) Articles 3 and 4 of this Order shall come into force on 30th June 1991.
(4) In this Order—
(a)
(a) “the Act” means the Industrial Training Act 1982;
(b)
(b) “the Board” means the Offshore Petroleum Industry Training Board established by the Industrial Training (Petroleum Board) Order 19672;
(c)
(c) “the net assets” means the assets which are not required to meet the liabilities of the Board and the expenses of its winding up; and
(d)
(d) “the revocation date” means the date on which article 3 below comes into force.
Winding up of the Board
2.—(1) The Board shall be wound up in accordance with the provisions of this article.
(2) On the coming into force of this article the Board shall cease to exercise its functions except in so far as continued exercise of those functions may be necessary or expedient for the purpose of winding up.
(3) Between the coming into force of this article and the revocation date the Board shall so far as practicable discharge its liabilities.
(4) On or after the revocation date the net assets of the Board which are transferred to the Secretary of State under article 4(1) below shall be applied for charitable purposes related to or connected with training for employment.
(5) The Board shall for the part of its financial year ending on the revocation date make a final report to the Secretary of State in accordance with section 8 of the Act and that report shall include a statement of accounts of the Board to that date together with a copy of any report made by the auditors on the accounts. The Secretary of State shall lay a copy of the report...
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