What is Section 241 of the CBCA?
241 (1) A complainant may apply to a court for an order under this section. that is oppressive or unfairly prejudicial to or that unfairly disregards the interests of any security holder, creditor, director or officer, the court may make an order to rectify the matters complained of. Canada Business Corporations Act ( RSC , 1985, c. C-44) justice.gc.ca eng acts section-241 justice.gc.ca eng acts section-241
What is Section 247 of the CBCA?
247 If a corporation or any director, officer, employee, agent or mandatary, auditor, trustee, receiver, receiver-manager, sequestrator or liquidator of a corporation does not comply with this Act, the regulations, articles or by-laws, or a unanimous shareholder agreement, a complainant or a creditor of the corporation
What is Clause 237 C of the Business Corporation Act?
An Ontario business corporation may be dissolved upon the authorization of all its incorporators or their personal representatives if the corporation has not commenced business and has not issued any shares (clause 237 (c) of the BCA). Business Corporations Act Filing Articles of Dissolution - Ontario.ca gov.on.ca resource download gov.on.ca resource download
How do I remove a shareholder from a corporation in Canada?
A person ceases to be a shareholder once his or her shares are sold either to a third party or back to the corporation or when the corporation is dissolved. You do not have to notify Corporations Canada when a person becomes or ceases to be a shareholder. Share structure and shareholders canada.ca site business-corporations canada.ca site business-corporations
What is Section 239 of the CBCA?
239 (1) Subject to subsection (2), a complainant may apply to a court for leave to bring an action in the name and on behalf of a corporation or any of its subsidiaries, or intervene in an action to which any such body corporate is a party, for the purpose of prosecuting, defending or discontinuing the action on behalf Canada Business Corporations Act ( RSC , 1985, c. C-44) justice.gc.ca eng acts section-239 justice.gc.ca eng acts section-239
Can articles of association be altered?
Company can alter its Article by way of addition, deletion, modification, substitution, or in any other way, only if it wants. To alter the Article of association of Company By giving Notice of at least 7 days. At the Board meeting, the given resolutions in respect of alteration in AOA must be passed.
How do I get a copy of my articles of incorporation in Canada?
1:13 4:16 How To Obtain A Copy Of Your Articles of Incorporation - YouTube YouTube Start of suggested clip End of suggested clip The Articles of Incorporation. File must be pulled manually. And copied so you will likely beMoreThe Articles of Incorporation. File must be pulled manually. And copied so you will likely be waiting a few days for your document to be received.
What should the articles of association include?
The content and terms of the articles may vary by jurisdiction, but typically include provisions on the company name, its purpose, the share structure, the companys organization, and provisions concerning shareholder meetings.