Corporate Update
Apr 2024 Charity & NFP Law Update
Published on April 25, 2024
Ontario Updates Forms under the Not-for-Profit Corporations Act and Corporations Information ActThe Ontario Business Registry of the Ontario Ministry of Public and Business Service Delivery (“Ministry”) released a notice on April 3, 2024 that the Articles of Amalgamation under the Ontario Not-for-profit Corporations Act (“ONCA”) and Initial Return/Notice of Change/Annual Return under the Ontario Corporations Information Act have been updated. These forms and related instructions are updated in order to clear instructions, match legislative requirements and specific fields mandatory. The specific changes are as follows:
In addition, Form 5285 & Instructions – Initial Return/Notice of Change/Annual Return for an EP Foreign with Share – Corporations Information Act was also updated. This form is to be completed by extra-provincial foreign business corporations with licence to carry on business in Ontario. In general, this has no application to the non-share capital corporations incorporated under the ONCA. Since the launch of the Ontario Business Registry on October 19, 2021, the Ministry has been making various updates to the forms and how documents are filed. In this regard, the Ministry has taken a phased approach to implement enhancements, such as rich text editor functionality and modernized wizard design to the “Shares & Provisions” and “Purposes & Provisions” text fields in various forms. |