The Canada Business Corporations Act (CBCA; French: Loi canadienne sur les sociétés par actions) is an act of the Parliament of Canada regulating Canadian business corporations. Corporations in Canada may be incorporated federally, under the CBCA, or provincially under a similar provincial law.
The act was legislated based on a report by a task force organized in 1967 to provide the first comprehensive review of federal corporate law since 1934.[1] It received royal assent on 24 March 1975,[2] and came into force on 15 December 1975.[3]
It provides the basic corporate governance framework for many small and medium-sized Canadian enterprises as well as many of the largest corporations operating in Canada. Nearly 235,000 companies are incorporated under the act, including over 700 distributing or publicly held corporations. CBCA corporations make up approximately 50 percent of Canada's largest publicly traded business corporations.[4]
As of June 25, 2019, the act was amended to require information about the diversity of directors and members of “senior management” be provided to shareholders. Diversity information and the rank of senior management captured by the new reporting requirements will apply to all distributing corporations.[5]
Dickerson, Robert W.V.; Howard, John L.; Getz, Leon (1971). Proposals for a New Business Corporations Law for Canada(PDF). Vol. I. Ottawa: Information Canada.
Dickerson, Robert W.V.; Howard, John L.; Getz, Leon (1971). Proposals for a New Business Corporations Law for Canada(PDF). Vol. II. Ottawa: Information Canada.
canada, business, corporations, cbca, french, canadienne, sociétés, actions, parliament, canada, regulating, canadian, business, corporations, corporations, canada, incorporated, federally, under, cbca, provincially, under, similar, provincial, parliament, can. The Canada Business Corporations Act CBCA French Loi canadienne sur les societes par actions is an act of the Parliament of Canada regulating Canadian business corporations Corporations in Canada may be incorporated federally under the CBCA or provincially under a similar provincial law Canada Business Corporations ActParliament of CanadaLong title An Act respecting Canadian business corporationsCitationRSC 1985 c C 44Enacted byParliament of CanadaAssented to24 March 1975Commenced15 December 1975 Contents 1 Background 2 See also 3 Further reading 4 References 5 External linksBackground EditThe act was legislated based on a report by a task force organized in 1967 to provide the first comprehensive review of federal corporate law since 1934 1 It received royal assent on 24 March 1975 2 and came into force on 15 December 1975 3 It provides the basic corporate governance framework for many small and medium sized Canadian enterprises as well as many of the largest corporations operating in Canada Nearly 235 000 companies are incorporated under the act including over 700 distributing or publicly held corporations CBCA corporations make up approximately 50 percent of Canada s largest publicly traded business corporations 4 As of June 25 2019 the act was amended to require information about the diversity of directors and members of senior management be provided to shareholders Diversity information and the rank of senior management captured by the new reporting requirements will apply to all distributing corporations 5 See also EditCanadian company law List of Acts of Parliament of CanadaFurther reading EditDickerson Robert W V Howard John L Getz Leon 1971 Proposals for a New Business Corporations Law for Canada PDF Vol I Ottawa Information Canada Dickerson Robert W V Howard John L Getz Leon 1971 Proposals for a New Business Corporations Law for Canada PDF Vol II Ottawa Information Canada References Edit Berner S H 1975 Corporate Law PDF Ottawa Law Review 7 1 152 177 Canada Business Corporations Act S C 1974 76 c 33 SI 75 134 Canada Business Corporations Act Proclaimed in Force December 15 1975 Canada Gazette Part II 109 24 3359 3360 24 December 1975 Consultation on the Canada Business Corporations Act PDF Ottawa Industry Canada 2014 Looking Forward to 2020 Diversity Requirements under the CBCA Hicks Morley 2019 External links EditCanada Business Corporations Act R S C 1985 c C 44 This article about Canadian law is a stub You can help Wikipedia by expanding it vte This legislation article is a stub You can help Wikipedia by expanding it vte Retrieved from https en wikipedia org w index php title Canada Business Corporations Act amp oldid 1100095868, wikipedia, wiki, book, books, library,
