Corporation Organization
60 days
What is the deadline for filing an initial return (post incorporation)?
submitted to a special meeting of the shareholders and passed at the meeting by at least two-thirds of the votes cast
What is a special resolution
Charlie has been newly elected as a director of 9231123 Ontario Ltd at the annual shareholders' meeting. This now has to be filed with the Ministry.
What is a notice of change form?
This is required to authorize a voluntary dissolution.
What is a special resolution (shareholder approval)
One way you can sell a corporation
What is through a sale of the assets of the corporation or through a sale of shares?
You would consult this statute to determine when an initial return would have to be filed
What is the Corporations Information Act?
Consideration of previous meetings minutes, consideration of financial statements, election of directors, appointment of auditors or accountants.
What is what gets addressed at the annual meeting of shareholders?
15 days
What is the deadline for filing the notice of change after the change takes place?
The main difference between winding up voluntarily and voluntary dissolution
What is the involvement of a liquidator
You can never buy shares in this type of corporation.
What is a not for profit corporation?
By-laws, Directors resolutions, Shareholder resolutions, directors register, officers register...
What are sections (or tabs) in a minute book?
Must be held no later than 18 months after corporation comes into existence
What is the initial shareholders' meeting
Buttons and Bows Inc owns 100% of the shares of Pins and Needles Ltd. If they were to amalgamate, they would proceed by way of...
What is Vertical Short Form Amalgamation?
Not having a board of directors or if the corporation was convicted of a significant offence under the Occupational Health and Safety Act, for example
What is sufficient cause to allow for the Director to cancel a corporation's certificate of incorporation?
The two ways one can finance a corporation.
What are debt and equity financing?
The regulations made by a corporation to govern its internal affairs.
What are the by-laws?
Anything other than consideration of previous meetings minutes, consideration of financial statements, election of directors, appointment of auditors
What is Special Business?
9023124 Ontario Inc is changing its name to Lily's Luscious Lotions Ltd. This would be authorized by...
Who are the directors of the corporation?
You will need to file this in order to change the name of the corporation from Barbara's Beautiful Begonias Inc to Flora's Fabulous Flowers Ltd
What is articles of amendment
The only way an unsecured creditor can enforce payment on a loan.
What is through commencing legal action?
Approving and Adopting the by-laws, appointing the officers, approving share certificates, adopting the corporate seal etc.
What is what gets addressed in the Director's Opening Resolutions?
not less than 21 days; 10 days for non-offering corporation; max = 50 days
What is notice required for the annual shareholders' meeting?
5643278 Manitoba Ltd wants to amalgamate with 7632147 Ontario Inc and form an Ontario corporation. Before amalgamation can be effected, this has to be considered...
What is Continuance - specifically importing
Winding up by court order is related to this remedy.
What is the oppression remedy?
Loss of control and dilution of profits (hint relating to financing a corporation)
What is a drawback to financing a corporation through selling shares (equity financing)