It is usually a 7-digit number. Delegation by Director 18. Rate Rate this page.
On a day to be named by proclamation of the Lieutenant Governor, subsection 5 2 of the Act is repealed and the following substituted: N Non-distributing Corporation A non-distributing corporation is typically a corporation that does not file documents with a securities commission and does not sell shares on a stock exchange.
Debit Mastercard issued by Bank of Montreal and Servus Credit Union Director An individual elected by the shareholder s to supervise the management of a corporation. Nuans Name Search Report A document that includes a list of business names and trade-marks that sounds similar to the name being proposed.
Articles of Incorporation A legal document with clauses that govern an incorporated business.
Where change of name or jurisdiction 13. Amendment A change made to the provisions set out in a corporation's articles e. Some people refer to the share certificate as a stock.
Definitions 1. B Bankrupt A person individual or corporation who has made an assignment into bankruptcy under the Bankruptcy and Insolvency Act BIA , or against whom a bankruptcy order has been made under the BIA , and who has not been discharged from bankruptcy.
Dissolution The act of ending the existence of a corporation, under certain circumstances, by filing the required documents with Corporations Canada. Print Download.
L Legal element A legal element is the part of a corporate name that helps the public identify an organization as an incorporated business with limited liability. For example, when two corporations amalgamate i.
Amalgamation A transaction in which two or more corporations merge to form one corporation. Last amendment: On a day to be named by proclamation of the Lieutenant Governor, subsection 1 1 of the Act is amended by adding the following definition: Quorum The stated minimum number of people entitled to attend a meeting who must be present for business to be conducted.
On a day to be named by proclamation of the Lieutenant Governor, section 25 of the Act is repealed. Ability to maintain action 22. Corporations incorporated or continued by or under the authority of an Act of a legislature of a province of Canada. Beneficial Owner A person who has the rights of a shareholder although their name is not on the share certificate or is not listed in the register of shareholders. Constating Documents The documents which establish or create a corporation.
On January 14, 2020, clause 24. It can be a practical way for small corporations with only one or a few shareholders to meet the statutory requirement of holding an annual meeting. R Registered office The registered office is the legal address of a corporation.