Evidence of meeting #13 for Industry, Science and Technology in the 40th Parliament, 2nd Session. (The original version is on Parliament’s site, as are the minutes.) The winning word was provincial.
A recording is available from Parliament.
Conservative
The Chair Conservative Michael Chong
We have a proposed amendment to clause 284.
Mr. Wallace, would you like to move that amendment?
Conservative
Mike Wallace Conservative Burlington, ON
I move the amendment.
Perhaps staff would like to comment on those changes. It's only paragraph 284(b) there.
Manager, Policy Section, Corporations Canada, Department of Industry
Clause 284 is the record-keeping requirement for the director appointed under the act. In particular, it says that documents have to be kept for six years, with a short list of exceptions. This amendment lengthens the list of exceptions of what has to be kept for more than six years. It's based on the Canadian Bar Association's comments. It includes all notices of the appointment or removal of directors, all bylaws and bylaw amendments, and the most recent notice for the location of the registered office if there hasn't been a notice in six years. That's simply so we have the documents to prove what we received, if necessary, and can produce them.
Conservative
The Chair Conservative Michael Chong
Thank you, Madam Kirby.
(Amendment agreed to) [See Minutes of Proceedings]
(Clause 284 as amended agreed to)
(Clauses 285 to 293 inclusive agreed to)
(On clause 294--Regulations)
Conservative
Conservative
Conservative
Manager, Policy Section, Corporations Canada, Department of Industry
It's the same issue as the last housekeeping one. Paragraph 294(f) has a list of all the exemptions. We have to add the new exemption that was created in clause 161.
(Amendment agreed to) [See Minutes of Proceedings]
(Clause 294 as amended agreed to)
(Clauses 295 to 373 inclusive agreed to)
Conservative
Conservative
The Chair Conservative Michael Chong
Shall the committee order a reprint of the bill as amended for the use of the House at report stage?
Conservative
The Chair Conservative Michael Chong
Thank you very much.
Thanks very much to the three Industry Canada officials for their assistance.
I want to thank all members of the committee for their assistance. This bill will be reported back to the House. I think we did a tremendous amount of good work. I want to thank all members for their amendments and their work on this. Thank you very much.
This meeting is adjourned.