Sentences with phrase «business corporations act»

A personal real estate corporation must be incorporated as a professional corporation under the Business Corporations Act and be authorized only to trade in real estate.

For example, the Business Corporations Act requires corporations to file an Annual Report each year, within 60 days of the date of incorporation.

(b) a person who is certified, under section 222 of the Business Corporations Act, by the Auditor Certification Board, or

(a) be audited by an accountant, in the case of a brokerage that is a public company as defined in the Business Corporations Act, or

(a) be licensed in relation to a maximum of 4 brokerages that are affiliated within the meaning of the Business Corporations Act, and

(c) as an alternative for a brokerage that is a reporting issuer within the meaning of the Business Corporations Act, a person who is authorized under the Securities Act to make an auditor's report;

(4) The Lieutenant Governor in Council may, by order, direct that one or more provisions of the Business Corporations Act apply to the insurance corporation.

97 The accounts of the foundation must be audited annually by a person appointed by the foundation board of governors who is authorized to be an auditor of a company under sections 205 and 206 of the Business Corporations Act.

(4) The Lieutenant Governor in Council may, by order, direct that one or more provisions of the Business Corporations Act apply to the compensation fund corporation.

(ii) an extraprovincial company, within the meaning of the Business Corporations Act, that has the capacity in its jurisdiction of incorporation to carry on the business of providing real estate services;

(3) The Lieutenant Governor in Council may, by order, direct that one or more provisions of the Business Corporations Act apply to the real estate council.

As evidence of affiliation, the Council requires a letter from the brokerage's corporate lawyer confirming that the brokerages are affiliated within the meaning of the Business Corporations Act.

(3) Subject to subsection (4), the Business Corporations Act does not apply to the insurance corporation.

(5) The Lieutenant Governor in Council may, by order, direct that one or more provisions of the Business Corporations Act apply to the foundation.

The Council may, however, approve similar names for companies which are affiliated, within the meaning of the Business Corporations Act.

«There are a number of sound policy reasons for allowing salespeople to incorporate, as well as a fairness issue: most regulated professions gained the ability to incorporate through the Business Corporations Act 2001.

Keywords: Corporations, Tax Law, Amalgamations, Business Corporations Act, R.S.O. 1990, c. B. 16, s. 183, Income Tax Act, R.S.C. 1985, s. 87 (11), Mistake, Rectification, Nunc Pro Tunc, Fairmont Hotels Inc. v. Canada (Attorney General), 2016 SCC 56, [2016] 4 S.C.R. 720, TCR Holding Corp. v. Ontario, 2010 ONCA 233, Norcan Oils Ltd. v. Fogler, [1965] S.C.R. 36, Civil Procedure, Appeals, Mootness, Borowski v. Canada (Attorney General), [1989] 1 S.C.R. 342

In its recent decision 1007374 Alberta Ltd. v. Ruggieri, 2015 ABCA 205, the Alberta Court of Appeal held that efforts to creditor proof a company amounted to oppression under Alberta's Business Corporations Act.

(a) if all of the employers who contribute, or on whose behalf contributions are made, to the pension fund are affiliates within the meaning of the Business Corporations Act; or

(b) the words «Incorporated under the law of the Province of Ontario», «Subject to the Business Corporations Act (Ontario)» or words of like effect;

The Canada Business Corporations Act, RSC 1985, c C - 44, s 238 does not include «creditor» in the definition of complainant, but the Court is granted the discretion to allow a creditor, or any other «proper person» to bring an oppression action.

(a) on the 1st day of January, 1971, in the case of shares of a corporation that then became subject to The Business Corporations Act, being chapter 53 of the Revised Statutes of Ontario, 1970; or

[10] Business Corporations Act, supra note 1, s 239 (b)(iii).

«The Business Corporations Act requires the company to have an audit every year, unless it is waived by the shareholders.

(2) Sections 132 and 136 of the Business Corporations Act apply with necessary modifications to the Corporation, the members of its board of directors and its officers.

On January 1, 2015, three subsidiaries of Slate Asset Management LP amalgamated under the Business Corporations Act, R.S.O. 1990, c. B. 16, in a single step.

Tackling the balance sheet through debt conversion can often make a company more marketable to raise further equity or financing and that can be done through a Canada Business Corporations Act type of restructuring arrangement, which can be efficient in terms of correcting the balance sheet and the capital structure without a shareholders meeting, or more formally under the CCAA.

The Court of Appeal interpreted a portion of s. 134 of the Ontario Business Corporations Act that says one can not contract out of these duties.

The Canada Business Corporations Act allows corporations to indemnify directors and officers against costs and expenses incurred while carrying out their responsibilities provided they acted honestly and in good faith with a view to the best interests of the corporation.

But instead, since I had five minutes before another meeting at my old firm, I went into their library, since I knew there were some overview texts on American corporate law, Williston on Contracts, and an annotated version of the Model Business Corporations Act.

Do you know whether the company is incorporated under the Canada Business Corporations Act or a provincial equivalent?

The Respondent then filed a petition under the Business Corporations Act, alleging that the transaction sought to benefit the Appellant's existing officers and directors to the Respondent's detriment.

Both the Canada Business Corporations Act and the Ontario Business Corporations Act have provisions dealing with pre-incorporation contracts.

«health profession corporation» means a corporation incorporated under the Business Corporations Act that holds a valid certificate of authorization issued under this Act or the Code; («société professionnelle de la santé»)

After a 19 - month journey through the House of Commons and Senate, long - awaited amendments to the Canada Business Corporations Act (CBCA) were finally passed on April 19, 2018, and received royal assent on May 1, 2018.

(2) The provisions of the Business Corporations Act, including the regulations made under that Act, that apply with respect to professional corporations apply with respect to a health profession corporation established under subsection (1).

(3) A health profession corporation shall not practise a health profession when it does not satisfy the requirements for a professional corporation under subsection 3.2 (2) of the Business Corporations Act or a requirement established under subsection 3.2 (6) of that Act.

The Ontario Business Corporations Act (OBCA) provides broad remedial options for directors, officers, shareholders, and other «complainants» to correct oppressive or prejudicial actions by or against a corporation.

Geoff was editor of the Lexis / Nexis British Columbia Business Corporations Act and Commentary and the British Columbia portion of the Bowne Appeal International Securities Laws Handbook.

The applicant sought relief from the allegedly oppressive conduct under the Canada Business Corporations Act and the Ontario Business Corporations Act.

For example, if you look at the NWT Business Corporations Act on CanLII, you will see that the last version that CanLII has covers the period between Aug 1, 2009 and May 19, 2010, but that there is a subsequent consolidated version that came into force on May 20, 2010.

For example, the Northwest Territories Business Corporations Act, cited S.N.W.T. 1996, c. 19 reads differently from the Nunavut Business Corporations Act, which CanLII cites S.N.W.T. (Nu.)

In Arend v Boehm, 2017 ONSC 3424, the three Applicants in a corporate dispute applied for orders pursuant to the oppression remedy (section 248) of the Ontario Business Corporations Act in respect of BitRush, an Ontario company.

The Canada Business Corporations Act contains a similar provision.

The Ontario Business Corporations Act provides a wide range of remedies to a person affected by the actions of a corporation or its directors that are found to be oppressive, unfairly prejudicial, or unfairly disregard the interests of that person.

Pursuant to either of: (i) the Business Corporations Act (Ontario) if you incorporated provincially in Ontario; or (ii) the Canada Business Corporations Act if you incorporated federally, you are required to maintain the following records at your corporation's registered office (or at such other location as the directors of the corporation determine):

Section 248 the Ontario Business Corporations Act states that: «Where, upon an application under subsection (1), the court is satisfied that in respect of a corporation or any of its affiliates, (a) any act or omission of the corporation or any of its affiliates effects or threatens to effect a result; (b) the business or affairs of the corporation or any of its affiliates are, have been or are threatened to be carried on or conducted in a manner; or (c) the powers of the directors of the corporation or any of its affiliates are, have been or are threatened to be exercised in a manner, that is oppressive or unfairly prejudicial to or that unfairly disregards the interests of any security holder, creditor, director or officer of the corporation, the court may make an order to rectify the matters complained of.»

The federal legislation which governs corporations is the Canada Business Corporations Act («CBCA»).

He acted successfully in the first case under the Canada Business Corporations Act that determined the fair value of shares held by the minority shareholders in a company.

First, it authorizes «medium - form mergers» (allowing an entity to accept a tender offer for merger and proceed without submitting the merger vote to the owners in certain circumstances), while clarifying the path toward completing conversions (for example, when a Minnesota corporation converts into a Minnesota limited liability company) and domestications (when an entity formed in another state opts to be governed by Minnesota business statutes, such as the Minnesota Business Corporations Act or Minnesota Revised Limited Liability Company Act.)