CONCORDANCE TABLE On March 29, 2004, the Business Corporations Act, c. 57, was brought into force. For your convenience, we are providing the following table which lists sections of the Company Act with the corresponding sections of the Business Corporations Act. The corresponding sections are partial or tentative and are meant as a guideline only. Please Note: As this is not an official Concordance, we recommend that you consult the legislation for further interpretation. 1(1) 1 Definitions and interpretation 1(1) 1 Definitions 1(2)-(6) 2(1)-(4) 2 Corporate relationships 1(8) 375(2), (3) 375 Foreign entities required to be registered 3 3 Special Act companies 4(1), (2) 4 Special Act corporations 4 4 Winding up 5 5 Dissolution 5 5 Formation of company 10-12 10 Formation of company 11 Notice of articles 12 Articles 6 6 Articles 12 12 Articles 7 7 Signatures required 10(2) 10 Formation of company 12(3) 12 Articles 9 9 Evidence of incorporation 13 13 Incorporation 11 11 Conclusiveness of certificate 18 18 Evidence of incorporation 12 12 Effect of incorporation 17 17 Effect of incorporation 13 13 Effect of memorandum and articles 19 19 Effect of notice of articles and articles 15 15 Name reservation 22(2) 22 Reservation of name 16(1), (3) 16 Form of name 23 23 Form of name of a company 16(4), (5) 25 25 Multilingual names 16(6), (8) 24(2), (3) 24 Restrictions on use of name 17 17 Registrar s discretion as to name 22(4) 22 Reservation of name 18(1) 18 Registrar s discretion after incorporation 28(1), (2) 28 Registrar may order change of name 18(10) 28(3) 28 Registrar may order change of name 29(6) 29 Other changes of name 18(2)-(6) 29(1)-(5) 29 Other changes of name 18(7) 406 406 Appeal to court 18(8) 263(5) 263 Change of company name 282(3) 282 Effect of amalgamation 18(9) 422(1)(c) 422 Dissolutions and cancellations of registration by registrar 19(1)-(3), (5) 19 Kinds of shares 52 52 Kinds, classes and series of shares 53 53 Description of authorized share structure 19(4) 59(3) 59 Classes of shares 19(6) 56 56 Share is personal estate 20 20 Classes of shares 53 53 Description of authorized share structure 59(1), (4) 59 Classes of shares 21(1) 21 Power and capacity of company 30 30 Capacity and powers of company 22 22 Restricted business and powers 33 33 Restricted businesses and powers 25 25 Application to restrain 228 228 Compliance or restraining orders 26 26 No constructive notice 421 421 No constructive notice 32(1), (2) 32 Joint tenancy in property 31 31 Joint tenancy in property 33 33 Specific powers 144 144 Corporations may grant power of attorney in writing 145 145 Corporate representatives 34(1) 34 Extraterritorial capacity 32 32 Extraterritorial capacity 1
36 36 Transfer of incorporation to British Columbia 37(1), (2) 37 Transfer of incorporation from British Columbia 302-307 406 308 302 Application for continuation into British Columbia 303 Continuation 304 Withdrawal of continuation application 305 Effect of continuation 306 Rights preserved 307 Articles for a continued company 406 Appeal to court 308 Application for continuation out of British Columbia 311 After continuation 311 37(4) 309 309 Shareholders may dissent 38 38 Effect of continuation 305(1) 305 Effect of continuation 39(1), (2) 39 Registered and records offices 34 34 Registered and records offices 39(3) 426(1)(a) 426 Offences 40(1), (2) 40 Change of registered or records office 35 35 Change of registered or records office 40(4) 36(1), (2) 36 Change of agent's office 41(6) 41 Power to allot and issue shares 62 62 Issue of shares 42(1), (2) 42 Price or consideration for shares 63 63 Issue price for shares 72 72 Capital 43(1)-(3)(c) 43 Shares to be fully paid 64(1)-(4) 64 Payment of consideration for shares 43(3)(d) 65(1)(a), (2) 65 Deemed receipt of payment 44(1) 44 Exception 76 76 Conversion or exchange 44(2) 65(1), (3) 65 Deemed receipt of payment 45 45 Liability of directors 154(2) 154 Directors' liability 46 46 Prohibition of fractional shares 69(1) 69 Fractional shares 47(1) 47 Commissions and discounts 67(1) 67 Commissions and discounts 48(1) 48 Right to share certificate 107(a) 107 Right to share certificate 50(3) 50 Splitting certificates 108 108 Shares jointly owned 51(1)-(4) 51 Contents of certificate 57 57 Contents of share certificate 52 52 Certificate as evidence of title 194(3) 194 Authentication or certification of records 53 53 Signature on certificate 110(1), (2) 110 Signature on share 54 54 Lost or destroyed certificate 109 109 Lost or destroyed certificate 55 55 Liability of members 87 87 Liability of shareholders 56 56 Liability for partly paid shares 88(1) 88 Shareholder's liability for partly paid shares of a pre-existing company 57 57 Liability of past and present members 89 89 Liability of former and present shareholders on bankruptcy or winding up 58 58 Share transferable 113 113 Share transferable 59 59 Instrument of transfer 114 114 Instrument of transfer 60(1), (2) 60 Powers of personal representative 115 115 Powers of personal representative 61 61 Transfer by personal representative 116 116 Transfer by personal representative 62 62 Registration of transfer 117 117 Registration of transfer 63 63 Documents for transmission 118 118 Documents for transmission 64 64 Effect of documents deposited 119 119 Effect of documents provided 65(1) 65 Register of allotments 111(1) 111 Securities registers 66(1) 66 Register of transfers 67(1) 67 Register of members 67(2) 194(3), (4) 194 Authentication or certification of records 68 68 Rectification of register 230(1)(f), (2), 230 Applications to court to correct records (3) 69(1) 69 Safekeeping of registers of members 111(4) 111 Securities registers 70 70 Branch register 111(2)-(5), (7) 111 Securities registers 70(5) 194(3) 194 Authentication or certification of records 2
72(1), (2) 72 Index of members 112(1) 112 Index of shareholders 73(1)-(3) 73 Record date 171 171 Setting record dates 74 74 Discharge for payments 71 71 Discharge for payment 77(2) 77 Register of debentureholders 194(4) 194 Authentication or certification of records 82 82 Enforcement of contract to take debentures 103 103 Enforcement of contract to take debentures 83 83 Validity of perpetual debenture 102 102 Validity of perpetual debenture 84 84 Issue of redeemed debenture 104 104 Issue of redeemed debenture 86 86 Interpretation 90 90 Definitions 87 87 Application 91(1)-(3) 91 Application 88 88 Eligibility of trustee 92 92 Eligibility of trustee 89 89 Record of registered holders 93 93 Persons holding debentures may request information from trustee 90 90 Information for trustee 94 94 Information for trustee 91 91 Evidence of compliance 95 95 Evidence of compliance with trust indenture 92 92 Contents of evidence of compliance 96 96 Contents of evidence of compliance 93 93 Additional evidence of compliance 97 97 Additional evidence of compliance 94 94 Notice of default 98 98 Notice of default 95 95 Duty of care 99 99 Trustee's duty of care 96 96 Reliance on statements 100 100 Reliance on statements 97 97 No exculpation 101 101 Trustee not relieved from duties 98 98 Powers of directors and officers 105 105 Powers of directors and officers 99(a), (c) 99 Duties of receiver and receiver manager 106(a), (c) 106 Duties of receiver and receiver manager 100 100 Form and effect of contracts 193 193 Form and effect of contracts 101 101 Authentication of documents 194(1) 194 Authentication or certification of records 102 102 Loans and guarantees prohibited 195 195 Financial assistance 103 103 Financial assistance restricted 106(1), (2) 106 Name to be displayed 27 27 Name to be displayed 106(3), (4) 158 375(6) 384 158 Liability if company's name not displayed 375 Foreign entities required to be registered 384 Liability if name of extraprovincial company not displayed 107(1) 107 Use of word limited prohibited except by 24 24 Restrictions on use of name corporation 107(2) 426(2) 426 Offences 428(4) 428 Penalties 108 108 Number of directors 120 120 Number of directors 110(1) 110 First and succeeding directors 1(1) first 1 Definitions director 110 122 122 Succeeding directors 112(1) 112 Conditions of election or appointment of 122(4) 122 Succeeding directors director 112(2) 123(3) 123 Consent 113(1) 113 Company to file returns as to directors 127(1) 127 Companies to file notices as to directors 113(2) 426(1)(a) 426 Offences 428(1) 428 Penalties 113(3) 430(2) 430 Limitation period 114(1) 114 Persons disqualified as directors 124(1), (2) 124 Persons disqualified as directors 114(3) 426(3) 426 Offences 115 115 Share qualification 125 125 Share qualification 116 116 Register of directors 126 126 Register of directors 117 117 Powers and functions of directors 136 136 Powers and functions of directors 118 118 Duties of directors 142(1) 142 Duties of directors and officers 3
119 119 No exculpation 142(3) 142 Duties of directors and officers 120-122 120 Director to disclose interest 147-152 147 Disclosable interests 121 Director liable to account 148 Obligation to account for profits 122 Validity 149 Approval of contracts and transactions 150 Powers of court 151 Validity of contracts and transactions 152 Limitation of obligations of directors and senior officers 123 123 Disclosure of conflict of office or property 153 153 Disclosure of conflict of office or property 124 124 Validity of acts of director 143 143 Validity of acts of directors and officers 125 125 Resolution of directors in writing 140(1)-(3) 140 Proceedings of directors 126 126 Power to sell undertaking 301 301 Power to dispose of undertaking 127(1) 127 Directors liability 154(1) 154 Directors' liability 127(2) 70(3) 70 Dividends 127(3)-(6) 154(3), (5)-(8) 154 Directors' liability 127(7) 155 155 Dissent procedure by companies 127(8) 156(2)(a), (b) 156 Legal proceedings on liability 127(9) 157 157 Limitations on liability 128(1), (2), 128 Indemnification 159-164 159 Definitions (5) 160 Indemnification and payment permitted 161 Mandatory payment of expenses 162 Authority to advance expenses 163 Indemnification prohibited 164 Court ordered indemnification 128(3) 235(2) 235 Applications to court under this Act 128(4) 165 165 Insurance 129 129 Liability of insiders 192(2), (3) 192 Liability of insiders 130(1), (2) 130 Ceasing to hold office 128(1), (2) 128 When directors cease to hold office 130(3) 128(3)(a) 128 When directors cease to hold office 131(a) 131 Vacancies among directors 131(1) 131 Vacancy and quorum 131(b) 131 Vacancies among directors 131(2) 134 134 Loss of quorum 131(3) 135 135 If no directors in office 132(1) 132 Notice of cessation 127(1) 127 Companies to file notices as to directors 132(2) 426(1)(a) 426 Offences 428(1) 428 Penalties 133(1) 133 President and secretary 141(2) 141 Officers 133(3) 426(4) 426 Offences 133(4)(c), (d) 141(1), (4) 141 Officers 133(5) 141(5) 141 Officers 135 135 Duty of care 142(1)(a), (b), 142 Duties of directors and officers (2) 143 143 Validity of acts of directors and officers 136 136 Duty to comply 142(1)(c), (d) 142 Duties of directors and officers 137 137 Duty to disclose 153 153 Disclosure of conflict of office or property 139(1), (2) 139 Annual general meeting 182(1), (4) 182 Annual general meetings 140 140 Exception 182(2)(b), (3), 182 Annual general meetings (5) 141 141 One member at a meeting 172(3) 172 Quorum for shareholders' meetings 142 142 Court may call general meeting 186(1), (2)(b) 186 Powers of court 143 143 Notice of general meeting 169(1)(a) 169 Notice of general meetings 170(1), (2) 170 Waiver of notice 144 144 Quorum for general meeting 172(1)(a), (b), (3) 172 Quorum for shareholders' meetings 4
145(1)(a) 145 Information for annual general meeting 185(1)(c), (d) 185 Information for shareholders 198(2) 198 Financial statements 145(1)(b) 185(1)(a), (b), 185 Information for shareholders (d) 146 146 Location of general meetings 166(a), (b)(iii) 166 Location of general meetings 147(1) 147 Requisition for general meetings 167 167 Requisitions for general meetings 148(1) 148 Meeting of class 181 181 Rules applicable to general meetings apply to other shareholders' meetings 148(2), (3) 172(1)(b), (3) 172 Quorum for shareholders' meetings 149(1) 149 Powers of court 186(1), (2)(a), 186 Powers of court (c) 152(5) 152 Shares in name of registrant 184(2) 184 Pre-existing reporting company meetings 158(1)-(5) 158 Voting 173(2)-(7) 173 Voting 158(6) 176 176 Date of resolution 159 159 Subsidiary not to vote 177 177 Subsidiary not to vote 160(1)-(3) 160 Minutes 140(6) 140 Proceedings of directors 179(1)-(3) 179 Minutes 160(4) 140(3) 140 Proceedings of directors 180(a) 180 Consent resolutions of shareholders 161(b) 161 Provisions as to meetings in absence of 178 178 Election of chair 161(c) provisions in articles 173(1) 173 Voting 162(1) 162 Notice by mail 6(2) 6 Mailing of records 162(2) 7(3) 7 Sending of records 163(1)-(3) 163 Records office documents 42(1), (2) 42 Records office records 163(4) 426(1)(a) 426 Offences 164 164 Examination of records 46(1)-(5), (7), 46 Inspection of records (8) 165 165 Copies 48(1) 48 Copies 166 166 Copy of memorandum and articles for 48(2) 48 Copies member 167 167 List of members 49(1)-(4), (7) 49 List of shareholders 168 168 Offence 426(1)(c), (d) 426 Offences 169 169 Offence 50(8)(a) 50 Remedies on denial of access or copies 426(5)-(7) 426 Offences 170(1)-(3) 170 Form of records 44(2), (4) 44 Maintenance of records 171(1)-(4) 171 Accounting records required 196 196 Accounting records required 171(5) 426(1)(a) 426 Offences 172 172 Financial statements for members 185(3) 185 Information for shareholders 201 201 Financial statements for qualifying debentureholders 174(1), (2) 174 Approval for publication 199(1), (2) 199 Approval for publication 174(3) 426(1)(a), (e) 426 Offences 175(a) 175 Regulations 432(7)(a), (c) 432 Power to make regulations 178(1) 178 Auditor 203(1) 203 Application of this Part 178(2)-(6) 204 204 Appointment of auditors 179(1), (2) 179 Exception 203(2), (3) 203 Application of this Part 180 180 Qualifications 205(a), (b) 205 Persons authorized to act as auditors 181 181 Auditor certification board 221 221 Auditor Certification Board 182 182 Board function and liability 222 222 Board function and liability 183(1)-(3) 183 Persons not qualified as auditors 206 206 Independence of auditors 183(5), (6) 208(2), (3) 208 Capacity to act as auditor 184 184 Remuneration 207 207 Remuneration of auditors 185 185 Removal of auditor 209(1)-(4) 209 Removal of auditor during term 5
186 186 Notice of proposed change 210(1)-(4) 210 Change of auditor by public company 187(1) 187 Appointment and procedures 223 223 Application 224(1), (2) 224 Appointment and procedures of audit committee 187(2), (3) 224(3), (4) 224 Appointment and procedures of audit committee 187(4) 225 225 Duties of audit committee 226 226 Provision of financial statements to audit committee 187(5), (6) 224(5), (6) 224 Appointment and procedures of audit committee 188(1), (2) 188 Annual audit 212(1) 212 Auditor's duty to examine and report 189 189 Negative audit report 213 213 Qualifications on auditor's opinion 190 190 Audited statements of subsidiaries 212(2) 212 Auditor's duty to examine and report 193 193 Auditor s attendance 214 214 Shareholders may require auditor's attendance at general meetings 194 194 Procedure 215 215 Auditor's information to be presented at general meetings 195 195 Amendment of financial statements and report 216 216 Amendment of financial statements and auditor's report 196 196 Access to records 217(1) 217 Access to records 197 197 Information as to foreign subsidiaries 218 218 Information as to foreign subsidiaries 198 198 Right to attend general meetings 219(1) 219 Right and obligation of auditors to attend meetings 199 199 Qualified privilege 220 220 Qualified privilege 200 200 Complaint by member 227 227 Complaints by shareholder 201 201 Derivative action 232 232 Derivative actions 201(3)-(7) 233(1), (3)-(6) 233 Powers of court in relation to derivative actions 201(8) 232(1) 232 Derivative actions 202 202 Relief 234 234 Relief in legal proceedings 203 203 Applications to court 235 235 Applications to court under this Act 204 204 Service on company 9 9 Service of records in legal proceedings 205 205 Court may order security for costs 236 236 Court may order security for costs 206 206 Remedy of irregularities 229 229 Remedying corporate mistakes 207 207 Dissent procedure 237-247 237 Definitions and application 208 208 Meeting to advise of right to dissent 238 Right to dissent 239 Waiver of right to dissent 240 Notice of resolution 241 Notice of court orders 242 Notice of dissent 243 Notice of intention to proceed 244 Completion of dissent 245 Payment for notice shares 246 Loss of right to dissent 247 Shareholders entitled to return of shares and rights 209(1) 209 Investigation of company by inspector 248(1) 248 Appointment of inspector by court 209(3) 249(3) 249 Conditions applicable to court appointed inspectors 209(4), (5) 251(1), (2) 251 Powers of inspectors 209(6) 253(1) 253 Reports of inspector 210(1) 210 Appointment of inspectors by company 250 250 Appointment of inspector by company 210(2), (3) 251(1), (2) 251 Powers of inspectors 211 211 Offence 426(1)(f) 426 Offences 213 213 Exemption 252 252 Exemption from disclosure to inspectors 6
214 214 Report as evidence 254 254 Inspectors' reports as evidence in legal proceedings 215 215 Offence 426(1) 426 Offences 216 216 Meaning of alter 1(1) 1 Definitions 217 217 Powers to alter memorandum 257(2), (4), 257 Alteration to notice of articles (5) 219(1), (2) 219 Powers to alter articles 259(1), (6) 259 Alteration to articles 220(1) 220 Copies to include alterations 262 262 Articles issued by company must reflect alterations 220(2) 426(1)(a) 426 Offences 221 221 Altering restrictions 259(1)(c) 259 Alteration to articles 222 222 Certain members may dissent 260 260 Shareholders may dissent 223 223 Procedure and effect 263(1), (5)(a), 263 Change of company name (8) 224 224 Creation of special rights and restrictions 58(2)(a), (3) 58 Special rights or restrictions 225 225 Variation or abrogation 58(2)(b), (3) 58 Special rights or restrictions 226(1) 226 No interference with class rights without consent 61 61 No interference with class or series rights without consent 228 228 Exclusion 289(4) 289 Adoption of arrangement 229(1)-(5) 229 Shares in series 60(1), (3), (6), 60 Shares in series (7) 229(6) 181 181 Rules applicable to general meetings apply to other shareholders' meetings 230(1) 230 Increase in authorized capital 54(1), (3) 54 Change in authorized share structure 231(1) 231 Subdivision, consolidation and change of 54(1), (3) 54 Change in authorized share structure shares 232(1) 232 Cancellation of shares and diminution of 54(3) 54 Change in authorized share structure 232(1), (3) capital 75(b) 75 Exception to section 74 233(1), (2), 233 Reduction of capital 74 74 Reduction of capital (5), (6) 88(2) 88 Shareholder's liability for partly paid shares of a pre-existing company 235 235 Company may redeem or purchase 77 77 Company may redeem or purchase 236 236 Redemption, purchase or acquisition prohibited when insolvent 78 78 Purchase or acquisition prohibited when insolvent 79 79 Redemption prohibited when insolvent 238 238 Company dealing with shares 82 82 Cancellation and retention of shares 239 239 Not a reduction of capital 75(a) 75 Exception to section 74 240 240 Concurrent alterations of capital by single resolution 55(1) 55 Alterations may be expressed in a single resolution 241 241 Fractional shares 69(1) 75(c)(ii) 83(1) 242 242 Court may validate 68(1), (2)(a), (5) 245 246 245 Conversion of special Act company 246 Liabilities unaffected by conversion 247 247 Amalgamation permitted 269(a) 275(2) 69 Fractional shares 75 Exception to section 74 83 Elimination of fractional shares 68 Validation of creation, allotment or issue of shares 266-268 266 Conversion of special Act corporations 267 Articles on conversion 268 Effect of conversion 269 Amalgamation permitted 275 Formalities to amalgamation 7
247-251 247 Amalgamation permitted 248 Amalgamation agreement 249 Court approval 250 Certificate of amalgamation 251 Vesting 269-282 269 Amalgamation permitted 270 Amalgamation agreements 271 Shareholder adoption of amalgamation agreements 272 Shareholders may dissent 273 Vertical short form amalgamations 274 Horizontal short form amalgamations 275 Formalities to amalgamation 276 Amalgamations with court approval 277 Amalgamations without court approval 278 Notice to creditors in relation to an amalgamation without court approval 279 Amalgamation 280 Withdrawal of amalgamation application 281 Registrar's duties on amalgamation 282 Effect of amalgamation 248(1)-(3) 248 Amalgamation agreement 270(1)-(3) 270 Amalgamation agreements 248(4) 271(1), (6) 271 Shareholder adoption of amalgamation agreements 249(1), (2) 249 Court approval 276(2), (3) 276 Amalgamations with court approval 249(3) 272 272 Shareholders may dissent 249(4) 235(2) 235 Applications to court under this Act 249(5) 276(4) 276 Amalgamations with court approval 250(a) 250 Certificate of amalgamation 275(2) 275 Formalities to amalgamation 250(d) 279 279 Amalgamation 281(a), (b) 281 Registrar's duties on amalgamation 250(e) 281(c) 281 Registrar's duties on amalgamation 251 251 Vesting 282(1)(b)-(k) 282 Effect of amalgamation 252-254 252 Compromise or arrangement 288-299 288 Arrangement may be proposed 253 Information as to compromise 289 Adoption of arrangement 254 Facilitating reconstruction of companies 290 Information regarding arrangement 291 Role of court in arrangements 292 Required filings 293 Obligations on company if memorandum altered 294 Obligations on company if articles altered 295 If arrangement includes amalgamation 296 Application of Act to arrangements 297 Binding effect of arrangements 298 Abandoning arrangements 299 Withdrawal of arrangement records 255 255 Acquisition procedure 300 300 Acquisition procedures 256 256 Lieutenant Governor in Council may cancel incorporation 423 423 Lieutenant Governor in Council may cancel incorporation of company 424 424 Publication of notice of dissolution 257(1), (3), 257 Registrar may strike off company 422(1)-(5) 422 Dissolutions and cancellations of (4) registration by registrar 257(5) 8(2)(a), (c) 8 Furnishing of records by registrar 258 258 Dissolution by request 314-318 314 Authorization for voluntary dissolution 315 Provision for unpaid debts and undelivered assets 316 Application for voluntary dissolution 317 Date of dissolution 318 Withdrawal of application for dissolution 259 259 Defunct extraprovincial company 397 397 Registrar may cancel registration of defunct extraprovincial companies 260 260 Liabilities survive 347 347 Liabilities survive 8
261 261 Publication 345(c) 399 424 262(1) 262 Restoration to register 355(1) 360(5) 262(2) 364(4) 365(3) 345 Certificates of dissolution 399 Registrar's duties on cancellation of registration 424 Publication of notice of dissolution 355 Pre-requisites to application 360 Applications to the court for restoration 364 Effect of restoration of company 365 Effect of restoration of extraprovincial company 262(3) 361(1) 361 Limited restoration by court 262(4)(a)(i) 360(3) 360 Applications to the court for restoration 262(4)(a)(ii) 355(2)(a), (b) 355 Pre-requisites to application 262-266 262 Restoration to register 354-368 354 Definitions and interpretation 263 Power of court 355 Pre-requisites to application 264 Change of name on restoration 356 Applications to the registrar for restoration 265 Filing and publication 357 Contents of application to the registrar 266 Escheat for restoration 358 Registrar must restore 359 Limited restoration by registrar 360 Applications to the court for restoration 361 Limited restoration by court 362 Filing of restoration application with the registrar 363 Restrictions on restoration 364 Effect of restoration of company 365 Effect of restoration of extraprovincial company 366 Name on restoration 367 Registrar's duties after restoration 368 Corporate assets to be returned to restored company 263 263 Power of court 358(2) 358 Registrar must restore 360(6), (7) 360 Applications to the court for restoration 264 264 Change of name on restoration 366 366 Name on restoration 265(3) 265 Filing and publication 367(1) 367 Registrar's duties after restoration 266 266 Escheat 368(5) 368 Corporate assets to be returned to restored company 267 267 Voluntary winding up 319(1) 319 Authorization for liquidation 270 270 Appointment of liquidator 319(2)(a) 319 Authorization for liquidation 271 271 Winding up by court order 324(1), (2) 324 Court may order company be liquidated and dissolved 272 272 Powers of court 324(3) 324 Court may order company be liquidated and dissolved 274 274 Court must appoint liquidator 324(4) 324 Court may order company be liquidated and dissolved 275 275 Qualification of liquidator 327 327 Qualifications of liquidators 276 276 Resignation and removal of liquidator 322(1) 322 Resignation and removal of liquidators in voluntary liquidations 277 277 Liquidator ceasing to act to file notice 329(1)(d) 329 Filing of notices 278(a) 278 Filling vacancy in office of liquidator 322(2)-(4) 322 Resignation and removal of liquidators in voluntary liquidations 278(b) 325(3)(c) 325 Court orders respecting liquidations 279(1)(a) 279 Remuneration of liquidator 326 326 Remuneration of liquidator appointed by court 279(1), (2) 319(4) 322(5), (6) 319 Authorization for liquidation 322 Resignation and removal of liquidators in voluntary liquidations 9
280 280 Validity of acts of liquidator 328 328 Validity of acts of liquidators 281(1) 281 Offences 426(1)(a) 426 Offences 282(a) 282 Effect of resolution or order for winding 340 340 Capacity of companies in liquidation 282(b) up 334(1)(a) 334 Powers of liquidators 282(d) 330(m) 330 Duties of liquidators 283(1), (2) 283 Filing and publication of notice of 329(1)(a)-(c) 329 Filing of notices 283(3) appointment 331(1)(a) 331 Notice to creditors 284(1)(a) 284 Meeting of creditors 331(1)(b) 331 Notice to creditors 285 285 Limitation 332(2) 332 Limitations on claimants 286 286 Custody of property 330 330 Duties of liquidators 288(1) 288 Powers of liquidator 334(1)(a), (b) 334 Powers of liquidators 288(2) 320(1) 320 Limits on liquidator 288(3) 325(3)(r) 325 Court orders respecting liquidations 288(4) 330(h) 330 Duties of liquidators 289(1) 289 Sale of company for shares or debentures 336(1)(a) 336 Right to distribution in money 290 290 Powers of court 325(3) 325 Court orders respecting liquidations 291(1) 291 Officers duties 335(1) 335 Recovery of property by liquidators 291(2) 426(1) (a) 426 Offences 292(1)(a) 292 Final meeting and dissolution 341(1)(a) 341 Completion of liquidation 292(4) 341(1)(b) 341 Completion of liquidation 343(1)(a) 343 Application for dissolution 293(2) 293 Dissolution on completion of winding up 341(3) 341 Completion of liquidation 343(2) 343 Application for dissolution 293(3), (4) 343(3), (4) 343 Application for dissolution 294 294 Unclaimed or undistributed assets 337(4)(b), (5), (7) 337 Provision for unpaid debts and undelivered assets 295 295 Disposal of books and papers of 351-353 351 Custody of records company 352 Entitlement to inspect records of dissolved companies 353 Remedies on denial of access to or copies of records of dissolved companies 296 296 Discharge by court order 350(3), (4) 350 Discharge of liquidator by court order 297 297 Extraprovincial companies required to be 375(1) 375 Foreign entities required to be registered registered 298(1), (2) 298 Exception from registration and 375(4), (5) 375 Foreign entities required to be registered 298(3) application 1(1) foreign 1 Definitions entity ; foreign corporation 299(1) 299 Application for registration 376(1), (3) 376 Application for registration 300 300 Registration 377 377 Registration as an extraprovincial company 301(1), (2), (4) 301 Effect of registration 378(2)-(4) 378 Effect of registration 302(1) 302 Refusal of registration 377(1) 377 Registration as an extraprovincial company 302(2) 406(1) 406 Appeal to court 303 303 Exemption 377(1) 377 Registration as an extraprovincial company 304(1) 304 Attorney to be appointed for certain 386(1), (2) 386 Attorneys to be appointed purposes 388 388 Authorization of attorneys 304(2) 387 387 First attorneys 304(3) 389(1) 393(1), (4) 395(1)(b), (2) 389 Appointment of attorneys 393 Revocation of appointments of attorneys 395 Resignations of attorneys 304(4)(a) 388 388 Authorization of attorneys 304(4)(b) 389(1), (2) 389 Appointment of attorneys 10
305(1)(a), (c) 305 Notices of change to be filed 381(1) 381 Extraprovincial companies to notify registrar of changes 305(1)(b) 391(1), (2) 391 Change of address of attorneys 306 306 Amalgamation of extraprovincial company 379 379 Amalgamation of extraprovincial company 307(1) 307 Amendments to charter to be filed 382(1) 382 Change of name of extraprovincial companies 307(2) 382(3)(b) 382 Change of name of extraprovincial companies 308(1) 308 Change of name 22(4) 22 Reservation of name 308(2), (3) 28(2), (3) 28 Registrar may order change of name 312(2) 312 Unregistered extraprovincial company 426(1)(b) 426 Offences 428(3) 428 Penalties 315 315 Onus of proof 426(9) 426 Offences 319 319 Suspension or cancellation of registration 398 398 Lieutenant Governor in Council may cancel registration of extraprovincial companies 319.1-319.6 319.1 Act applies to limited liability companies 319.2 Registration 319.3 Records 319.4 Liquidator 319.5 Preparation of information 319.6 Registration does not affect capacity PART 11 Extraprovincial Companies 320 320 Appointment of registrar 400 400 Appointment of registrar and staff 321.1(1), (2) 321.1 Registrar may suspend operations of registry 402(1), (3) 402 Registrar may suspend services and functions 322 322 Seal of office 401 401 Seal of office 324 324 Service on registrar 403 403 Service of records on registrar 325 325 Examination of registrar 404 404 Examination of registrar 326 326 Correction of register 414 414 Correction of corporate register 327 327 Declaration as evidence 412(3)(b) 412 Maintenance of records filed with the registrar 419(1) 419 Effect of records issued by registrar 328 328 Certificate as conclusive evidence 268(2) 268 Effect of conversion 282(3) 282 Effect of amalgamation 305(2) 305 Effect of continuation 364(1) 364 Effect of restoration of company 365(1) 365 Effect of restoration of extraprovincial company 378(1) 378 Effect of registration 329 329 Microfilm, etc. 412(1), (2)(b) 412 Maintenance of records filed with the registrar 330 330 Validity of documents issued by registrar 419(3) 419 Effect of records issued by registrar 331 331 Signature of registrar 418(3) 418 Registrar may issue records 332 332 Appeals to court 406(1) 406 Appeal to court 333 333 Company to file annual report 51 51 Company to file annual report 334 334 Form of annual report 335 335 Extraprovincial company to file annual report 380(1), (2) 380 Extraprovincial companies to file annual report 336(1) 336 Inspection and copies of documents 416(b)-(d) 416 Inspection and copies of records 336(2) 419(2) 419 Effect of records issued by registrar 337(1)(b)-(d) 337 Registrar may refuse to accept filing 408(2)(a)-(c) 408 Filing of records 337(2) 406(1), (2) 406 Appeal to court 338(1) 338 Requirement as to documents filed 407 407 Means of filing 339 339 Enforcement of duty to make returns 231 375 385 231 Enforcement of duty to file records 375 Foreign entities required to be registered 385 Enforcement of duty to file records 11
340 340 Consequence of company in default 411(1), (2) 411 Companies and extraprovincial companies in default of filing 342(1), (2) 342 Misleading statements an offence 427(1), (2) 427 Misleading statements an offence 428(2) 428 Penalties 343 343 Offence of directors and officers 427(2) 427 Misleading statements an offence 344 344 Offence Act 425 425 Offence Act 345 345 General penalty 428(1), (5) 428 Penalties 346 346 Limitation of time for laying information 430(1) 430 Limitation period 348(2) 348 Forms 432(6) 432 Power to make regulations 349(1) 349 Fees 431 431 Fees 350 350 Regulations 432 432 Power to make regulations 12