Changes and updates
Individuals with significant control (ISC) reporting obligations
Individuals with Significant Control (ISC) Over the last number of years Canadian corporate law has required corporations to maintain a register of Individuals with Significant Control (ISC). This register aims to increase transparency and prevent ...
What is the difference between CorpCentre's Compliance Plan and Digital Minute Book service?
Great question! They are 2 different and complementary services. 1- Our Compliance plan is an annual subscription where you can make changes, updates or filings related to your corporation. Our system prepares the documents and we submit the required ...
Notifying government of corporate changes and updates
When do I need to inform the government of corporate changes and updates? Corporations are required to keep the government informed as to its current information and submit filings when changes occur to be compliant with legal requirements. These ...
Changing the registered office of a corporation
What is change of the registered office of a corporation? A corporation must at all times have a registered office within the jurisdiction of incorporation. If a corporation decides to change the address of its registered, it must immediately notify ...
Board of Directors Meetings
What is a Board of Directors Meeting? There are two types of board of directors' meetings: (a) regular - these meetings take place at a fixed date as provided for in the By-Laws; and (b) special - this comprises all other meetings of the board of ...
Required internal record-keeping obligations of a corporation
What internal company records does a corporation need to keep? A corporation must keep internal records for important decisions that are made by its directors and shareholders. These decisions include: Electing/changing a director Appointing/changing ...
Corporation's Registers - legal document records
What are the Corporation's Registers? Once the corporation has been organized, the various registers found in the corporation's minute book must be completed. Directors Register This lists the names of all the directors along with their addresses, ...
What are the annual return government filing fees
What are the annual return government filing fees? Every year, the corporation must update the information provided in its initial filing by reporting an annual filing. The annual filing, which is mailed to the corporation, must be filed within the ...
Shareholders' Meetings of a corporation
What are Shareholders' Meetings? There are two types of shareholders' meetings: (a) the annual shareholders' meeting; and (b) the special meeting. Annual Shareholders' Meetings Legislation typically requires that a shareholders' meeting take place on ...
Annual returns and meetings of a corporation
What are annual returns and meetings? Corporations are also required to file annual corporate returns (not to be confused with tax returns) confirming that the information on the government registry is up to date. If updates weren't filed when the ...
How Officers can be Removed from their Position
How can Officers be Removed from their Position? Directors have the power to remove officers as long as they are empowered to appoint them. Removal of officers does not require a special reason to be given. In fact, a corporation's By-Laws usually ...
How Are Vacancies on the Board of Directors Filled
How Are Vacancies on the Board of Directors Filled? In general, any vacancy in the board of directors is filled for the remainder of the term by the other directors from among qualified persons. A vacancy resulting from the removal of a director may ...
How are Directors Removed from the Board of Directors
How are Directors Removed from the Board of Directors? As a general rule, shareholders have the exclusive right to remove a director. Unless there is a provision to the contrary in the Articles of Incorporation, shareholders can remove a director by ...
What is corporate compliance or maintenance?
Once a corporation is formed it has legal obligations to stay compliant with corporate laws and remain in good standing. These obligations are generally triggered when changes occur. These requirements are referred to “Corporate compliance” or ...