Stakeholders, particularly the Canadian Bar Association, have commented that the regime in clause 160 as drafted requires corporations to apply to court for an order, if they can't hold their annual meeting within the time period specified. They've asked that the director, as appointed under the act, do it instead. There are a number of provisions wherein the director is given the power to give an exemption to allow a corporation to do something slightly different from what is currently in the statute. All this does is take out the reference to the court and make it a reference to the director, with the required standard and authority for him to act.
On April 21st, 2009. See this statement in context.