"27 Goodmans partners among the leading Canadian lawyers." - Lexpert/American Lawyer Guide to the Leading 500 Lawyers in Canada
Goodmans Publications

The Ontario Business Corporations Act's Backdoor Requirement for Annual Meetings


Lawyer Jonathan Feldman
Area Corporate Finance and Securities


Article originally published in the Federated Press, Vol. XVI No. 1 of Corporate Financing, 2010

Section 154 of the Ontario Business Corporations Act1 requires the directors of a corporation to "place before each annual meeting," within six months of the corporation's year-end, "the financial statements required to be filed under the Securities Act."  Essentially, this provision indirectly mandates that an annual meeting be held within six months of the year end.

Download PDF