Industry committee  As the Minister indicated, the purpose of the bill is to modernize the act. In so far as possible, there has been attempt to maintain some level of consistency among federal corporate statutes. In this respect, I have borrowed the approach contained in the Canada Corporations Ac

Industry committee  As it has been pointed out, when time comes to establish this classification, in practice, it becomes extremely difficult to know in which classification you fit. Increasingly, not for profits are operating at various levels and conducting a different type of activities. The desi

Industry committee  The bill aims to allow any individual to incorporate a non-profit organization at the federal level. Further to that, it would have to follow established rules. However, there would be no oversight as detailed as what you've referred to. I would reiterate that this type of appr

Industry committee  No.

Industry committee  No. The bill does provide some requirements. It calls for the filing of documents pursuant to certain clauses.

Industry committee  No.

Industry committee  With respect to incorporation?

Industry committee  With respect to incorporation, in other words the establishing of the company, this bill does not specify any rules. However, there are other measures within the banking system. The system provides other checks and balances, but under the current legislation, to incorporate the c

Industry committee  Thank you, Mr. Chair and members of the committee. Thank you for inviting me to appear before you to clarify some points with respect to Bill C-4, An Act respecting not-for-profit corporations and certain other corporations, and to answer any questions you may have. It's a plea

Industry committee  We received their suggestions for changes and we're looking at them. At this point we don't have a position on any one of them in terms of whether we would agree or not. We could undertake to get back to the committee if the committee so wishes.

Industry committee  I think some of the proposals that have been submitted go to maybe simplifying the drafting. It doesn't really change the nature of the provision or what the provision was intended to do. To the extent that it would create greater clarity, it becomes interesting in terms of possi

Industry committee  We can get back to the committee on that if it would be useful. I can't answer at this point in time.

Industry committee  As we indicated, I believe that it is premature to answer today. We read them and are continuing to study them. I intend to return to some of the Canadian Bar Association's proposals, particularly the elimination of parts 6 and 7, but we could also do so for all their recommendat

Industry committee  I do not know the 50 proposals off the top of my head, but we will get back to you as quickly as possible.

Industry committee  I have noted that you will begin studying the bill on Thursday. We will get back to you as quickly as possible. We will try.