Monthly Archives: January 2012

What are the implications of the new legislation for my organization?

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Federal corporations must replace their letters patent, supplementary letters patent (if any) and by-laws with new charter documents by submitting articles of continuance to obtain a Certificate of Continuance and creating and filing new by-laws before October 14, 2014 ENT specialis generic australia t can stop any previous medication if that is causing damage to your ear or may suggest you to avoid loud sounds, and give you proper medication to solve your problem of sudden hearing loss. Healthy lifestyle plays cialis online http://canterburymewscooperative.com/contact.php a significant role in reducing arthritis pain and inflammation. viagra on line pharmacy Cheap Kamagra Kamagra is a generic drug. It is not possible for all people to afford expenses of surgical treatment, testosterone therapy, ICP or other treating equipment. canada cialis http://canterburymewscooperative.com/gallery.html . The articles and by-laws must comply with the New NFP Act. These charter documents set out the primary rules governing the corporation.

Provincial corporations will also have to demonstrate that they are in compliance with the New Ontario Act.

New Legislation for not-for-profits…Is your organization in compliance?

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The NEW NFP Acts  The countdown has begun

The NEW Canada Not-For-Profit (NFP) Corporations Act (NPCA) received royal assent in June 2009. The New Act is now in force and will apply to every new corporation. All corporations incorporated under part II of the Canada Corporations Act (CCA) prior to that time will have to apply for a certificate of continuance by October 14, 2014. Corporations that do not make the transition by the deadline will be assumed to be inactive and will be dissolved.

The NEW Ontario Not-For-Profit Act received royal assent in October 2010. It is anticipated that it will come into force in late 2012.

Existing not-for-profit corporations will have three (3) years after the new Act comes into force to amend their letters patent, bylaws and special resolutions to conform to the new Act. Corporations with social objects are subject to special transitional rules up to five (5) years.

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The New Acts modernize the legal framework for NFPs. They provide a clearer set of rules that govern the internal affairs of not-for-profit corporations with less red tape, simplified processes, more flexibility to make fundamental changes such as amalgamations and a more objective standard for directors in carrying out their board duties and responsibilities.

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