Regulation to Amend the Business Corporation Act: Business Corporations Act (Ontario)

Regulation to Amend the Business Corporation Act: Business Corporations Act (Ontario)

Legislation

Amendments to the Business Corporations Act (Ontario)
Red Tape Reduction Act, 2000


Schedule B
Amendments Proposed by the Ministry of Consumer and Commercial Relations

 

Business Corporations Act

3.(1) Clause 1(6)(a) of the Business Corporations Act is amended by striking out "in respect of any of its securities a prospectus, statement of material facts or securities exchange take-over bid or issuer bid circular" at the beginning and substituting "in respect of any of its securities a prospectus or statement of material facts".

(2)Subsection 1(6) of the Act is amended by striking out "that has fewer than fifteen security holders" in the portion after clause (b).