Corporate Organization and NFPs
Maintenance of a Corporation
Corporate Changes - Minor
Corporate Changes - Major
Miscellaneous Review
100
Within 60 days after the date of incorporation, amalgamation, or continuation of the corporation.
What is an initial return? (s 2(2) CIA).
100
Keeping the minute book up to date -i.e. updating registers, ledgers etc when required and filing appropriate documentation with the government
What is "maintaining a corporation"
100
Gloria Godiva was appointed C.E.O. on December 1st. A notice of change form has to be filed by this date.
What is December 16th? s 4(1) CIA
100
A long form amalgamation is approved by .....
What are the shareholders? s 176(1) OBCA
100
While not required under the OBCA, most corporations acquire one of these to act as the signature of the corporation.
What is a corporate seal? s 13 OBCA
200
Internal rules and regulations on how a corporation governs itself, found under the second tab of our minute books.
What are by-laws?
200
Consideration of minutes of earlier meetings, financial statements, auditor's reports, election of directors
What is annual business? s 96(5) OBCA
200
Changing its name; adding or changing or removing any restriction upon the business, creating a new class of shares...
What is when Articles of Amendment have to be filed? (s 168 (1) OBCA
200
9875436 Ontario Ltd has severed all ties with Ontario and is now operating under the laws of Manitoba.
What is exporting? (s 181 OBCA)
200
a written agreement signed by all shareholders that restricts the power of the directors of the corporation.
What is a unanimous shareholders agreement? s 108(2) OBCA
300
In a minute book where would you find a document that deals with the following: Elect directors, confirm by-laws, waiver of audit requirements, appoint accountants
What are shareholder opening resolutions?
300
Passed by a simple majority.
What is an ordinary resolution? (Or annual business)
300
They can authorize a change from a number name of a corporation.
What are the directors? s 168(4) OBCA
300
The corporation is voluntarily dissolved on the date this is issued by the Ministry?
What is a certificate of dissolution? s 239 OBCA
300
Outlines fees and disbursements payable upon completion of work done on a file.
What is a statement of account?
400
In a not for profit corporation, these are the equivalent of shareholders.
What are members?
400
Passed by a minimum 2/3 votes cast at a special meeting of shareholders
What is a special resolution (s 1 OBCA)
400
Mark's Work Warehouse amalgamating with Canadian Tire
What is a vertical short form amalgamation? s 177(1) OBCA
400
Corporate termination that is associated with the oppression remedy.
What is winding up by court order? s 207 OBCA
400
An example of a fundamental change when a shareholder gets dissenting rights.
What is amend articles (shares, restrictions) or continuance or amalgamation or sell, lease or exchange all of the corp's property
500
Incorporated organizations without share capital.
What are not for profit corporations?
500
must be held no later than 18 months after corporation comes into existence.
What is the annual meeting of shareholders(s 94).
500
This does not have to be filed when a corporation changes its name.
What is a notice of change form? s 4(4) CIA
500
Shareholders appoint liquidator in this corporate termination process.
What is Winding up Voluntarily - s 192 OBCA
500
five types of business organizations covered in this course
What are: corporations, partnerships, ltd partnerships, sole proprietorships, llps,