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House Government Bill
42nd Parliament, 1st Session
December 3, 2015 - Present
Text of the Bill
C-25
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An Act to amend the Canada Business Corporations Act, the Canada Cooperatives Act, the Canada Not-for-profit Corporations Act, and the Competition Act
Statute of Canada
2018, c. 8
Last Stage Completed
Royal Assent (2018-05-01)
Progress:
 
Legislative Summary
A legislative summary is currently being prepared for this bill by the Parliamentary Information and Research Service of the Library of Parliament. Meanwhile, the following executive summary is available.

On 28 September 2016, Minister of Innovation, Science and Economic Development introduced Bill C-25, An Act to amend the Canada Business Corporations Act, the Canada Cooperatives Act, the Canada Not-for-profit Corporations Act, and the Competition Act, in the House of Commons and it was given first reading.

Part 1 amends the Canada Business Corporations Act, the Canada Cooperatives Act and the Canada Not-for-profit Corporations Act to, among other things,

• reform some aspects of the process for electing directors of certain corporations and cooperatives;

• modernize communications between corporations or cooperatives and their shareholders or members;

• clarify that corporations and cooperatives are prohibited from issuing share certificates and warrants, in bearer form; and

• require certain corporations to place before the shareholders, at every annual meeting, information respecting diversity among directors and the members of senior management.

Part 2 amends the Competition Act to expand the concept of affiliation to a broader range of business organizations.
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