An Act to amend the Canada Business Corporations Act, the Canada Cooperatives Act, the Canada Not-for-profit Corporations Act, and the Competition Act

This bill was last introduced in the 42nd Parliament, 1st Session, which ended in September 2019.

Sponsor

Navdeep Bains  Liberal

Status

This bill has received Royal Assent and is now law.

Summary

This is from the published bill.

Part 1 amends the Canada Business Corporations Act, the Canada Cooperatives Act and the Canada Not-for-profit Corporations Act to, among other things,
(a) reform some aspects of the process for electing directors of certain corporations and cooperatives;
(b) modernize communications between corporations or cooperatives and their shareholders or members;
(c) clarify that corporations and cooperatives are prohibited from issuing share certificates and warrants, in bearer form; and
(d) 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.

Elsewhere

All sorts of information on this bill is available at LEGISinfo, an excellent resource from the Library of Parliament. You can also read the full text of the bill.

Votes

June 21, 2017 Passed Concurrence at report stage of 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
June 21, 2017 Failed 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 (report stage amendment)

Canada Business Corporations ActGovernment Orders

June 21st, 2017 / 4:05 p.m.


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Bloc

Marilène Gill Bloc Manicouagan, QC

Mr. Speaker, the Bloc Québécois agrees to apply the vote and votes in favour of the motion.

Canada Business Corporations ActGovernment Orders

June 21st, 2017 / 4:05 p.m.


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Green

Elizabeth May Green Saanich—Gulf Islands, BC

Mr. Speaker, I agree to apply the vote and I vote yes.

Canada Business Corporations ActGovernment Orders

June 21st, 2017 / 4:05 p.m.


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Independent

Hunter Tootoo Independent Nunavut, NU

Mr. Speaker, I agree to apply, and I will be voting yes.

Canada Business Corporations ActGovernment Orders

June 21st, 2017 / 4:05 p.m.


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The Speaker Geoff Regan

Is there unanimous consent to proceed in this fashion?

Canada Business Corporations ActGovernment Orders

June 21st, 2017 / 4:05 p.m.


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Some hon. members

Agreed.

(The House divided on the motion, which was agreed to on the following division:)

Vote #348

Canada Business Corporations ActGovernment Orders

June 21st, 2017 / 4:05 p.m.


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The Speaker Geoff Regan

I declare the motion carried.