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  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  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  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