O. Reg. 248/05: GENERAL

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ontario regulation 248/05

made under the

corporations act

Made: May 18, 2005
Filed: June 1, 2005
Printed in The Ontario Gazette: June 18, 2005

Amending Reg. 181 of R.R.O. 1990

(General)

1. Subsection 1 (2) of Regulation 181 of the Revised Regulations of Ontario, 1990 is revoked and the following substituted:

(2) A computer printed search report referred to in subsection (1) shall accompany an application for revival under section 317 of the Act if the application changes the name of the corporation or at least ten years have elapsed since the corporation was dissolved.

2. Paragraph 5 of subsection 3 (1) of the Regulation is revoked.

3. Subsection 8 (2) of the Regulation is amended by adding the following mark:

@

4. Section 9 of the Regulation is revoked and the following substituted:

9. (1) The name of a corporation shall not exceed 120 characters in length, including punctuation marks and spaces.

(2) The name of a corporation shall be set out in an application filed under the Act in block capital letters and with only one space between each word.

5. Sections 17 and 18 of the Regulation are revoked.

6. Subsection 19 (1) of the Regulation is revoked.

7. Section 22 of the Regulation is revoked.

8. (1) Subsections 23 (1) and (2) of the Regulation are revoked and the following substituted:

(1) An application for an order accepting the surrender of a charter of a corporation under subsection 319 (1) of the Act or for an order terminating the existence of a corporation under section 320 of the Act shall be accompanied by,

(a) in the case of a company, a consent from the Corporations Tax Branch of the Ministry of Finance; and

(b) in the case of a company that is a reporting issuer under the Securities Act, a consent from the Ontario Securities Commission.

(2) Subsection 23 (3) of the Regulation is amended by striking out “Public Trustee” wherever it appears and substituting in each case “Public Guardian and Trustee”.

9. Section 24 of the Regulation is revoked and the following substituted:

24. The Minister may require that an application for an order to revive a dissolved corporation under subsection 317 (10) of the Act be accompanied by,

(a) a statement in writing by the Public Guardian and Trustee that he or she has no objection to the revival of the corporation; and

(b) in the case of a company, a consent from the Corporations Tax Branch of the Ministry of Finance to the revival of the corporation.

10. Sections 25 and 26 of the Regulation are revoked.

11. Subsection 27 (1) of the Regulation is revoked.

12. Section 27.1 of the Regulation is revoked.

13. Forms 1, 2, 3, 5, 6, 7, 8, 9, 10, 11, 12, 12.1, 13 and 13.1 of the Regulation are revoked.

 

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