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Follow us on TwitterThe Not-for-Profit Corporations Act, 2010 S.C.2020,c.15 (ONCA) took effect on October 19, 2021. All provincially incorporated non‑share corporations, not including co-operatives or insurance companies under the Corporations Act (Ontario), have until October 18, 2024, to ensure their governing documents, including their letters patent and bylaws, comply with ONCA. The requirement applies equally to non‑share corporations created by special acts of the Ontario legislature. Continue reading “ONCA Compliance & Document Review”
Posts Tagged ‘Co‑operative Corporations Act’
Ontario Extends Virtual Meeting Provisions for Co-ops and Non Profits
August 26th, 2022 by Hunter StoneThe Government of Ontario has further amended the Co‑operative Corporations Act, Ontario Not‑for‑Profit Corporations Act and Condominium Act, 1998, by permitting electronic meetings until September 30, 2023. Continue reading “Ontario Extends Virtual Meeting Provisions for Co-ops and Non Profits”
Ontario Extends Virtual Meeting Provisions for Co-ops and Non-Profits
November 1st, 2021 by Maggie FlemingThe Ontario Government has made regulatory amendments to the Co‑operative Corporations Act and the Ontario Not‑for‑Profit Corporations Act to extend the provisions permitting electronic meetings until September 30, 2022. This means that organizations currently governed under these statutes can continue to meet virtually, including meetings for virtual AGMs. Co‑operatives and corporations are able to hold these electronic meetings via video conference or video call even if their by‑laws or rules do not allow for electronic meetings.
This extension is great news, as it gives organizations in Ontario the flexibility to host meetings online and prevent the spread of COVID-19. It also means that attendees can continue to attend meetings from home in sweatpants. Win-win! Our former articling student, Karly Wilson, wrote about the provincial emergency order when it first came into effect in 2020. You can read the that blog post here.
For more information about the current extension of virtual meeting provisions, please visit the Ontario Government’s website.
Superior Court of Justice renders good news decision for the worker co‑op sector
November 16th, 2012 by Paula BoutisIn early October, the Superior Court released a decision which looked at how the law governing fundamental changes to an employment contract applied in the context of worker co‑operatives. It also considered whether “sweat equity credits” amounted to “member shares” under the Co‑operative Corporations Act (CCA).
Continue reading “Superior Court of Justice renders good news decision for the worker co‑op sector”
Court reinforces its hands-off approach to housing co-ops
August 1st, 2012 by Celia ChandlerThis spring, one of our housing co‑op clients was served with a Superior Court application from a member under section 178 of the Co‑operative Corporations Act. The application requested an order of compliance against the Co‑operative for five alleged breaches of the Co‑operative’s by‑laws and the Act.
This was uncharted territory for our client, and indeed for us. Section 178 has been on the books for years, but has received minimal attention.
Continue reading “Court reinforces its hands-off approach to housing co-ops”
