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Bennett Jones LLP

Ontario Eliminates Director Residency Requirements and Permits Majority Shareholder Resolutions in Writing

Bennett Jones LLP on

In November of 2020, we wrote about forthcoming changes to the Ontario Business Corporations Act (OBCA) proposed by the Government of Ontario in Bill 213 Better for People, Smarter for Business Act, 2020. After receiving...more

Dickinson Wright

Ontario Updates Director Residency Requirements

Dickinson Wright on

As of July 5, 2021, corporations incorporated under Ontario’s Business Corporations Act will no longer be required to have at least 25% of directors be resident Canadians. Effective July 5, 2021, subsection 118(3) of...more

Blake, Cassels & Graydon LLP

L’Ontario propose des modifications à la Loi sur les sociétés par actions

Le 6 octobre 2020, le gouvernement de l’Ontario a présenté en première lecture le projet de loi 213, Loi de 2020 pour mieux servir la population et faciliter les affaires (la « Loi »), qui, s’il est adopté, apportera deux...more

Blake, Cassels & Graydon LLP

Ontario Proposes Changes to Business Corporations Act

On October 6, 2020, the Government of Ontario introduced for first reading Bill 213, Better for People, Smarter for Business Act, 2020 (Act), which, if enacted, will make two significant amendments to the Ontario Business...more

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