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Important Amendments to the Canada Business Corporations Act

November-7-2001

Area Corporate and Commercial

Summary


Bill S-11, which makes significant amendments to the Canada Business Corporations Act (“CBCA”), received Royal Assent earlier this year. It is expected to come into force in late November or early December of 2001.

The amendments in Bill S-11 are the product of a thorough re-examination of the CBCA by the federal government and constitute the first major revision to the CBCA since its inception in 1975. The federal government has also published for comment an entirely new set of proposed CBCA regulations.

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