Companies Act

Chapter C-21 · Office consolidation current to 2022-12-15 · Official PDF

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1 Definitions 2 Interpretation 2.1 Limited application of Act

Part 9 — Provisions Applying to Companies with Objects other than the Acquisition of Gain

200 Registration of charitable association 201 Use of word "limited" 202 Associations for recreation 202.1 Revocation of direction or authorization

Part 10 — Dissolution Division 1 Cancellation of Incorporation

204 Cancellation for cause 205 Division 2 Removal from Register of Companies Defunct or in Default Dissolution by Registrar 206 Restoration of company to register 208 Penalty 209 Division 3 Winding-up Generally Preliminary Modes of winding-up 210 Contributories Liability as contributories 211 Liability of contributory 212 Contributories in case of death of member 213 Liability of trustee in bankruptcy 214 Division 4 Winding-up by Court Winding-up by Court 215 Application to Court for winding-up 216 Winding-up order 217 Filing winding-up order 218 Commencement of winding-up 219 Power to stay or restrain proceedings 220 Effect of winding-up order 221 Wishes of creditors or contributories 222 Operation of order in favour of creditors, etc. 223 Inspection of books 224 Order to stay winding-up 225 Costs 226 Dissolution of company 227 Contributories, Assets, etc. Lists of contributories and application of assets 228 Adjustment of rights of contributories 229 Calls 230 Payment of debts by contributories 231 Arrest of absconding contributory 232 Delivery of property 233 Court summons 234 Order to pay money into bank 236 Powers of Court cumulative 237 Proof by Creditors Proving debts 238 Examination of Promoters, etc. Public questioning of promoters, etc. 239 Prosecution of delinquent directors 240 Liquidators Appointment, remuneration, title, etc., of liquidators 241 Custody of company's property 242 Application for directions 243 Powers of liquidator 244 Forms, rules and regulations 245 Special manager 246 Payment into bank by liquidator 247 Accounts of liquidator 248 Books to be kept by liquidator 249 Release of liquidator 250 Control of Court over liquidators 251 Meetings of Creditors, etc. Meetings of creditors and contributories 252 Members of committee of inspection 253 Directions of creditors 254 Division 5 Voluntary Winding-up Resolution to Wind up and Effect Voluntary winding-up 255 Notice of resolution 256 Commencement of winding-up 257 Procedure in voluntary winding-up 258 Appointment of Liquidators Appointment of liquidators 259 Vacancies 260 Court may appoint or remove liquidator 261 Delegation of power to appoint liquidators 262 Several liquidators 263 Powers of Liquidator Powers of liquidator 264 Sanction of company required in certain cases 265 General meetings of company 266 Consideration for sale of company's business, etc. 267 Prosecution of delinquent directors 268 Duties of Liquidators Meeting of creditors 269 General meetings 270 Disposal of unclaimed or undistributed assets 271 Liquidator's account and notice of final meeting 272 Dispensing with meetings 273 Applications to the Court Determination of question 274 Appeal from compromise or arrangement 275 Right to have company wound up by Court 276 Adoption of voluntary winding-up proceedings 277 Division 6 Winding-up Subject to Supervision of Court Order for supervision 278 Petition for continuance of voluntary winding-up 279 Wishes of creditors 280 Additional liquidator 281 Difference between supervision and winding-up by Court 282 Division 7 Winding-up General Provisions Debts admissible in proof 283 Preferential payments 284 Fraudulent preference 285 Books, etc., as evidence 286 Power of Court to call meetings 287 Power of Court to compel delinquent directors, etc., to compensate company 288 Disposal of company books 289 Power of Court to declare dissolution of company void 290 Enforcement of orders of Court 291 Appeals from orders 292 Report of proceedings under Winding-up Act or Bankruptcy Act 294 Disclaimer

Part 11 — Miscellaneous Division 1 Office of Registrar

295 Appointment of Registrar 296 Action against Registrar 297 Questioning of Registrar 298 Direction by the Minister 299 Registrar's seal of office 299.1 Forms 300 Failure to file return 301 Fee for copy or extract 302 Refusal to register documents 303 Certificate of status 304 Division 2 Fees Fees 304.1 Waiver of fees 305 Agreement re payment of fees 306 No service if fees unpaid 307 Division 3 Regulations Regulations 308 Division 4 Service, Sending and Authentication of Documents and Notices Notice to and service on a company 308.01 Notice to and service on shareholders and directors 308.1 Waiver of notice 308.2 Notice and service by electronic means 309 Authentication of documents 310 Division 5 Proceedings in Court Security for costs 311 Relief for breach of trust 312 Division 6 Violations of the Act Number of members 313 Penalties 314 Application of penalties 315 Remission of penalties 316 Laying information 317 Division 7 Transitional Provisions Transitional provision - agent for service 318 Transitional provision - Schedule