Social clubs
with share capital will have 5 years to continue
to come under the ONCA, the Ontario Business Corporations Act or the Co-operative Corporations
Act
ONCA transition process requires that
all OCA corporations within three years of
proclamation will need to:
Review letters patent and
by-laws
Prepare
articles of amendment and new by-laws
Get membership
approval
File required
documents
Certificate of
amendment will be issued
Charities -
send certificate of amendment, articles of
amendment and new by-law to CRA