This week the Government of Ontario implemented an emergency order that would temporarily suspend certain legislative provisions and set out replacement provisions related to the Corporations Act (CA) and the Business Corporations Act (OBCA).
The emergency order applies to not-for-profit corporations incorporated under the Ontario Corporations Act (CA) and gives them the ability to hold virtual meetings; as well as extends the timeframe for AGMs to be held.
For more information, see the Ontario Nonprofit Network site.
If you have any questions or require further information, reach out to your McCay Duff advisor.
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