ARCHIVED — Changes to the Canada Business Corporations Regulations 2001 and to the Canada Cooperative Regulations regarding name requirements
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NOTICE FROM THE DIRECTORPDF version (46.6 KB, 1 page)
April 14, 2010
On March 25, 2010, regulatory amendments to the Canada Business Corporations Regulations, 2001(CBCR) and to the Canada Cooperatives Regulations(Coop Regulations) were approved by the Governor-in-Council. On April 14, 2010, the amendments were published in Part II of the Canada Gazetteas SOR/2010-72.
The changes affect Part 2 of the CBCR and to Part 2 of the Coop Regulations which deal with name requirements. The objective of the changes is to clarify the rules regarding the names of corporations and cooperatives. Other than a new section allowing more flexibility in naming a corporation or cooperative resulting from a short-form amalgamation, the proposed changes do not make substantive changes to the name granting regulations. Instead, the regulations have been revised to be clearer and easier to read and to address concerns raised by the Standing Joint Committee on the Scrutiny of Regulations regarding the wording of the regulations.
The new section 72.1 CBCR and new section 38.1 Coop Regulations removes any restrictions in choosing the name of a corporation or cooperative resulting from a short-form amalgamation.
You can obtain a copy of the regulatory amendments and the Regulatory Impact Analysis Statement on the Canada Gazettes website at: www.canadagazette.gc.ca.
Richard G. Shaw
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