ARCHIVED — Proposed changes to the Canada Business Corporations Regulations, 2001 and to the Canada Cooperatives Regulations regarding the name-granting rules
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November 30, 2009
The purpose of this notice is to advise stakeholders that Corporations Canada has proposed a number of regulatory amendments to the Canada Business Corporations Regulations, 2001 (CBCR) and to the Canada Cooperatives Regulations (CCR).
The proposed changes include changes to Part 2 (Name-granting rules) of the CBCR and to Part 2 of the CCR. The objective of the proposed changes is to clarify the rules for the granting of names to corporations and cooperatives. Other than a new section regarding the name of a corporation or cooperative resulting from a short-form amalgamation, the proposed changes do not make substantive changes to the name granting regulations. The proposed regulations are clearer and easier to read and address concerns raised by the Standing Joint Committee on the Scrutiny of Regulations regarding the drafting language.
The new section 72.1 CBCR and new section 38.1 CCR will provide flexibility in choosing the name of a corporation or cooperative resulting from a short-form amalgamation.
The proposed regulatory amendments were pre-published in the Canada Gazette, Part 1, on November 28, 2009. You can obtain a copy of the draft regulations and the Regulatory Impact Analysis Statement:
- On the Canada Gazette’s website at: www.canadagazette.gc.ca;
- On Corporations Canada’s website at: www.corporationscanada.ic.gc.ca or
- By contacting Corporations Canada directly at 1-866-333-5556 for a copy by mail.
Interested persons may make representations regarding the proposed regulatory amendments by December 29, 2009. These comments should be addressed to:Corporations Canada
Jean Edmonds Tower South, 10th Floor
365 Laurier Avenue West
Ottawa, Ontario K1A 0C8
All comments received will be acknowledged. Please note that comments received will become part of the public record, unless Corporations Canada is specifically asked not to divulge them to the public.Richard G. Shaw
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