Submitted By Tanya Dunford on Thursday, April 2, 2020 (105 views)
The
Corporations Act requires a corporation to hold its AGM no later than 15 months after the holding of the last AGM.
Despite this, the
government has made an order pursuant to s. 7.1 of the
Emergency
Management and Civil Protection Act (
EMCPA) which states that any provision of any
statute, regulation, rule, by-law or order of the Government of Ontario
establishing any
limitation period shall be suspended for the duration of the
emergency, and the suspension shall be retroactive to Monday, March 16,
2020.
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