Paragraph (b) of that definition explicitly excludes several circumstances as being solicitations, namely certain communications between shareholders, from the definition of solicitation (see the section below "When an Application to the Director is not Necessary"). Paragraph (a) of that definition lists situations that are considered to be solicitations. Section 147 of the Act defines the term "solicit" or "solicitation". The term "dissident" in Part XIII of the Act and Part 7 of the Regulations refers to a person who solicits proxies other than management or a person acting on behalf of the management of the corporation. This policy is intended to reflect the Director's understanding of the Director's role in processing an application by an interested person under subsection 151(1) of the CBCA. Nothing in this policy is intended to constitute a binding statement of what position the Director will take with respect to a particular application. The Director will only exempt an interested person from the dissident proxy solicitation requirements if the Director is satisfied that the exemption will not deprive solicited shareholders of the information necessary to arrive at an informed decision.įor information on a management proxy solicitation exemption application, please see the Policy on exempting interested persons from the management proxy solicitation requirements – Canada Business Corporations Act, subsection 151(1). The dissident proxy solicitation requirements are designed to ensure that shareholders, whose proxies are solicited, are given sufficient information to form an informed opinion and decide whether or not to grant the dissident proxy authority. This policy sets out information to facilitate an application to the Director appointed under the Canada Business Corporations Act ( CBCA) to exempt an interested person from some or all of the dissident proxy solicitation requirements in the Act and Regulations. Access to information contained in an application.When an application to the Director is not necessary.Factors considered in reviewing an application.Receipt & Payment A/c is a real account, which records cash transactions and events of a Not for Profit Organisation.Read about using notice-and-access under the Canada Business Corporations Act Table of contents Disclosure of Share Capital in the Balance Sheet: Accounting Entries on Issue of Shares.Accounting Entries on Re-issue of Forfeited Shares.Forfeiture of Shares: Accounting Entries on Issue of Shares.Oversubscription of Shares: Pro-rata Allotment with Calls in Arrear.Oversubscription of Shares: Pro-rata Allotment.Oversubscription of Shares: Accounting Treatment.Calls in Advance: Accounting Entries on Issue of Shares.Calls in Arrear: Accounting Entries on Issue of Shares.Issue of Shares: Accounting Entries on Full Subscription with Share Application.Issue of Share for Consideration other than Cash: Accounting for Share Capital.Issue of Shares at Premium: Accounting Entries.
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