Friday, June 15, 2007

Pending reform of the Ontario Corporations Act regarding non-profits

The Ministry of Government Services is undertaking a project to review and reform the Ontario Corporations Act (CA). The purpose of the project is to develop a new legal framework to govern the structure and activities of charities and not-for-profit corporations. Comments are requested by July 31, 2007, on broad issues relating to new not-for-profit legislation, including the following:

* Structure of a new not-for-profit Act
* Incorporation process
* Definition of not-for-profit corporation
* Classification system
* Corporate powers and capacity
* Other issues: directors' liability, financial disclosure, members' remedies.

To access a PDF version of the consultation document and for more information, see http://www.gov.on.ca/MGS/en/AbtMin/132784.html

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