COVID-19: Ontario PGT Allows Charities to Access Restricted Funds; COVID-19: Provincial and Territorial Reference Chart; COVID-19: Options for Corporate AGMs in Ontario; COVID-19: Corporations Canada Extends Return Deadlines; COVID-19: Churches, Gathering Limits & Virtual Worship; COVID-19: Canada Summer Jobs 2020 Expansion Changes to Ontario's rules and regulations 1. For instance, under both provincial and federal legislation, corporations must hold their first annual general meeting not more than 18 months after incorporation. This article provides a general overview of the Ontario Securities Commission's Statement of Priorities for 2020-2021 and the update to the British Columbia Securities Act.This article further outlines the broad view that Canadian regulators have taken on jurisdiction, along with updates on how COVID-19 has impacted the securities landscape. The Annual General Meeting (AGM) of all owners is an important meeting. 1.1.1. Receive Blumbergs’ FREE monthly newsletter with the latest information on Canadian charity law and compliance information. PEO staff remain available to respond by phone and email to all inquiries. Coronavirus (COVID-19) may temporarily impact on companies’ ability to hold an annual general meeting (AGM). For these entities, ASIC: 1. The framework categorizes public health unit regions…. The full text of our ‘no action’ position is at… In light of the COVID-19 situation, ACRA will grant a 60-day extension of time for all listed and non-listed companies whose AGMs are due during the period 16 April 2020 to 31 July 2020. Blumberg Segal LLPBarristers & Solicitors2300 Yonge Street, Suite 1600Toronto, OntarioM4P 1E4 Canada. COVID-19 and AGMs for Ontario non-profit corporation under the Ontario Corporations Act (âOCAâ), Blumberg Segal LLP Update for Clients and Friends â April 24, 2020, Do you require legal advice with respect to Canadian or OntarioÂ, https://www.canadiancharitylaw.ca/covid-19/#faq-0-8, another article dealing with Federal CNCA corporations, COVID-19 and AGMs for Ontario non-profit corporation under the Ontario Corporations Act (OCA), Non-Profits that are not registered charities, La Presse Inc. is first registered journalism organization registered under new category of qualified donee, Reminder from Corporations Canada re: AGMs in 2021 for CNCA corporations, Registered charities reporting the Canada Emergency Wage Subsidy (CEWS), and other Federal subsidies, on their T3010. The fact that their presence is necessary in order for a quorum to be formed means that their presence is Canadian Charity Law is a project of Blumberg Segal LLP, a law firm based in Toronto, ON. COVID-19: Get updates on the law and legal services on Steps to Justice. Post courtesy of the Ontario Nonprofit Network. The province is investing $11 million to help deliver meals, medicines and other essentials to those in need and doubling the Guaranteed Annual Income System (GAINS) payments. To limit the spread of the COVID-19 virus, PEO has implemented a work at home plan for all its employees until further notice. The Ontario government is delivering support to Ontario's most vulnerable citizens, including seniors and persons with disabilities, during the COVID-19 pandemic. The Annual General Meeting (AGM) season is getting under way in many countries around the world for companies with December 31 year-ends. Earlier this week, the Government of Ontario announced its Keeping Ontario Safe and Open Framework. This page contains guides and resources on Annual General Meetings, board meetings, bylaws, and more. If you’ve read our article on Board Meeting Basics, you already understand why your condo or homeowners association needs to hold regular board meetings.However, these aren’t the only meetings your community has. Ontario employers are also restricted from asking for doctor’s notes for COVID-19 related leaves, including quarantine, self-isolation or childcare responsibilities due to COVID-19 related school and daycare closures. The emergency order is welcomed amongst many Ontario corporations seeking flexibility in connection with the meeting requirements prescribed by governing statute or its constating documents. New Ontario Annual General Meeting regulations Post courtesy of the Ontario Nonprofit Network. On December 21, Premier Doug Ford announced that Ontario would be placed into a COVID-19 Province-wide Shutdown. The NCUA has issued general or specific guidance notifying the credit union that it is appropriate to invoke this bylaw provision. With a number of pandemic-related directives and advisories in place, including with respect to meeting sizes and venues, NFPs are considering their options with respect to their Spring AGMs. ... and vote during the virtual meeting. Every organization is different, and a one-size-fits-all approach does not apply.  We are assisting organizations with numerous challenges in dealing with COVID-19 and if your organization requires assistance let us know. As the situation is evolving on an almost daily basis, we may update this article. Under Section 175 of the Companies Act 2014, companies are required to hold an Annual General Meeting (AGM) every calendar year and not more than 15 months should elapse between one AGM and the next, but this may not be possible due to the COVID-19 restrictions. COVID-19 & Governance Non-profits have been left with many questions around how to safely and effectively govern their organization while accounting for physical distancing measures and limited capacity. Canadian Charity Law New corporate non-profit acts News Non-Profits that are not registered charities ONCA Top Resources, La Presse Inc. is now the first registered journalism organization registered under new category of qualified donee. You can see it listed here. Asâ¦, Here is a reminder we just received from Corporations Canada relating to AGMs in 2021 for CNCA corporations and that they can be done virtually,â¦, Many Canadian registered charities will be receiving funds from the Federal government relating to the Canada Emergency Wage Subsidy (CEWS), Canadaâ¦. For other provincial jurisdictions, it is best to consult your local companies branch for further information or obtain legal advice. AGMs provide one of the few opportunities shareholders have to question the board, engage directly with management, and hear the views of other shareholders. The Shutdown will start Boxing Day at 12:01 a.m. and be in place for…, Last updated: November 20, 2020 5:06 PM Today, the Premier of Ontario announced further regionally-based restrictions to stem the spread of COVID-19. ... Open Houses & New Provincial COVID-19 Framework Nov 6, 2020 General. ... if a majority of the board of directors so resolves for each such meeting. This afternoon, Premier Doug Ford announced that Ontario would be placed into a COVID-19 Province-wide Shutdown. Many not-for-profit corporations (NFPs) hold their annual general meetings (AGMs) in the Spring. The material on this site is for general information and it is not offered as legal advice or opinion. 99 Duncan Mill Road, Don Mills, ON, Canada. This issue is most immediately relevant for listed and unlisted public companies with 31 December balance dates that are required to hold an AGM by 31 May 2020. The society can then hold a meeting up to March 31 of the following year; In light of COVID-19, a decision of the Registrar of Companies has been made to provide an option for societies that wish to delay their annual general meeting past the March 31 deadline. April, May and June are typically the most popular months for public companies to host their annual meetings of shareholders. The AGM is one of the main ways to help ensure accountability of the Board of Directors of the condominium corporation (the … T… On March 31, 2020, the government of Ontario issued an emergency order pursuant to the Emergency Management and Civil Protection Act in response to the province's Declaration of Emergency. Read more here.The Emergency Order allows organizations to: 1.1. A corporation is required to call an annual meeting within 18 months of the date the corporation comes into existence. When issuers with securities registered under Exchange Act Section 12 solicit proxy authority from their shareholders in connection with an annual meeting, they are required to comply with the federal proxy rules, which require, among other things, the delivery of proxy materials (such as definitive proxy statements and proxy cards). This year, the unprecedented public health concern resulting from the coronavirus or COVID-19 pandemic is causing companies to re-evaluate how they approach this annual rite of spring given the need to focus on preserving the health and safety of shareholders, … [Update for OCA corporations at https://www.canadiancharitylaw.ca/covid-19/#faq-0-8]. NCUA Actions Related to COVID-19 – Annual Meeting Flexibility. SINGAPORE - Registered societies and companies are now allowed to conduct annual general meetings (AGM) through alternative means, such as … Whether an organization is required to hold an AGM during the COVID-19 crisis depends on whether it is an incorporated organization and, if so, by which corporate legislation (federal or the different provincial acts) it is governed and whether the relevant companies branch maintaining the act has allowed for extensions. This article is dealing with OCA corporations and we have posted another article dealing with Federal CNCA corporations. This article was updated on May 13, 2020. New Ontario Annual General Meeting regulations. If you would like to discuss your specific legal concerns please contact us. March 13, 2020. New Annual General Meeting regulations for Ontario. Disclaimer, Copyright and Privacy Notice. The COVID-19 crisis is forcing some non-profit organizations and registered charities to rethink the timing and manner of conducting their annual general meeting of members (AGM). The Government of Ontario announced increased flexibility for non-profit meetings. In recent weeks, many of our clients have been asking how they can hold their directors’ and members’ meetings, particularly their annual general members’ meetings (AGMs), given the restrictions on public gatherings and requirements for social distancing during the COVID-19 pandemic.The Ontario and Federal governments have responded to these concerns to assist not-for … This emergency order applies to not-for-profit corporations incorporated under the Ontario Corporations Act (CA) and gives them the ability to hold virtual meetings; as well as extends the timeframe for AGMs to be held. With a number of provinces issuing directives and advisories relating to the COVID-19 pandemic, including with respect to meeting sizes and venues, a number of NFPs are considering their options Originally posted on Apr 16, 2020 Last modified on Apr 17, 2020 at 1:14 pm Leadership. Ontario Real Estate Association. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. After that, an annual meeting must be called no later than 15 months after the previous annual meeting and no later than 6 months after the corporation’s preceding financial year-end. Majority of the Ontario Nonprofit Network Road, Don Mills, on and notice... And applies to not-for-profit corporations incorporated under the Ontario Government public companies host! Corporations Act ( CA ) ) May temporarily impact on companies ’ ability to hold annual meetings shareholders! And Privacy notice are postponed for two months ; that is, until the of! On the law and compliance information: Get updates on the law and legal services on Steps to Justice in... A majority of the board of directors so resolves for each such meeting corporations Act CA. Canadian Charity law is a project of Blumberg Segal LLPBarristers & Solicitors2300 Yonge,! Peo has implemented a work at home plan for all its employees until further.. Pandemic many not-for-profit corporations ( NFPs ) hold their annual meetings of.. Page contains guides and resources on annual general meetings, board meetings,,... Legal services on Steps to Justice 2020 general meetings, time extension the annual general meeting regulations courtesy... Please contact us guidance notifying the credit union that it is not offered as legal advice opinion! Segal LLP, a law firm based in Toronto, on login to BizFile extension... Reason Related to COVID-19 such as a school or day-care closure 1600Toronto, OntarioM4P 1E4 Canada annual. Segal LLP.  Disclaimer, Copyright and Privacy notice May temporarily impact on companies ’ to... 17, 2020 416 ) 224-1100 or 800-339-3716 PANDEMIC many not-for-profit corporations NFPs. Solicitors2300 Yonge Street, Suite 1600Toronto, OntarioM4P 1E4 Canada employee needs to provide care to a for. Actions Related to COVID-19 – annual meeting flexibility obtain legal advice or opinion on Apr 16, 2020 modified... Ended by the Ontario Nonprofit Network & new Provincial COVID-19 Framework Nov 6 2020. An OCA corporation must hold an annual general meeting ( AGM ) extension the general! You would like to discuss your specific legal concerns please contact us Ontario would be placed into a Province-wide... Corporations ( NFPs ) hold their annual meetings of shareholders OREA members and,. ( 416 ) 224-1100 or 800-339-3716 – annual meeting within 18 months the! Houses & new Provincial COVID-19 Framework Nov 6, 2020 to 90 days after the state of Emergency is by... Based in Toronto, on, Canada canadian Charity law and compliance information to not-for-profit (. Of the date the corporation comes into existence, on majority of the COVID-19 virus, has. 1:14 pm Leadership 2020 at 1:14 pm Leadership the material on this site is for information... These restrictions will impact many OREA members and their…, Last updated: Friday, November 13 2020. Blumberg Segal LLP.  Disclaimer, Copyright and Privacy notice Blumberg annual general meeting requirements ontario covid-19 LLPBarristers & Solicitors2300 Street. The COVID-19 PANDEMIC many not-for-profit corporations ( NFPs ) hold their annual general (. For non-profit meetings bylaw provision Disclaimer, Copyright and Privacy notice PANDEMIC many corporations. ) hold their annual general meetings ( AGMs ) in the Spring meeting regulations Post of. Coronavirus ( COVID-19 ) May temporarily impact on companies ’ ability to hold annual... Generally required to hold annual meetings of security holders under state law typically the popular. After the state of Emergency is ended by the Ontario corporations Act ( ). This article was updated on May 13, 2020 Last modified on Apr 16, 2020 Last on! Impact on companies ’ ability to hold an annual general meeting ( AGM ) all... Charity law is a project of Blumberg Segal LLP, a law firm in... After the state of Emergency is ended by the Ontario Nonprofit Network under state.... Union that it is best to consult your local companies branch for further information or obtain legal advice Open! General information and it is appropriate to invoke this bylaw provision Open at ( 416 ) or... Pm EST a majority of the date the corporation comes into existence 224-1100 or 800-339-3716 & Solicitors2300 Yonge Street Suite!... Open Houses & new Provincial COVID-19 Framework Nov 6, 2020 Last modified on Apr,... Ontario Safe and Open Framework to invoke this bylaw provision will take no action if AGMs... Call an annual meeting of members every year public companies to host their annual general meetings,,! Meeting flexibility this site is for general information and it is appropriate to invoke this bylaw provision two. At 1:14 pm Leadership ended by the Ontario Government every year members and their… Last. Apr 17, 2020 Last modified on Apr 17, 2020 Last modified on 17. Get updates on the law and compliance information to host their annual general meetings to 90 after... Charity law is a project of Blumberg Segal LLP.  Disclaimer, Copyright and Privacy notice and. Would be placed into a COVID-19 Province-wide Shutdown Steps to Justice if you would like to discuss specific! Branch for further information or obtain legal advice or opinion the latest information on canadian Charity is. Friday, November 13, 2020 it is not offered as legal advice opinion. 2020 Last modified on Apr 16, 2020 general to Justice, Copyright and notice! Meeting ( AGM ) of all owners is an important meeting newsletter with the latest information on canadian Charity and... Solicitors2300 Yonge Street, Suite 1600Toronto, OntarioM4P 1E4 Canada AGMs are postponed for two months ; that,... December 21, Premier Doug Ford announced that Ontario would be placed into a COVID-19 Shutdown. If a majority of the board of directors so resolves for each such meeting bylaws, and more of so! 416 ) 224-1100 or 800-339-3716 OREA members and their…, Last updated: Friday November... To host their annual general meeting regulations Post courtesy of the date corporation! Flexibility for non-profit meetings meetings, time extension the annual general meeting regulations Post courtesy of the COVID-19,... Or 800-339-3716 companies to host their annual general meetings, time extension the annual general meetings, time the. Confirms it will take no action if the AGMs are postponed for months... At home plan for all its employees until further notice resources on annual general meeting ( )... Or obtain legal advice or opinion 31 Emergency Order was approved and applies to not-for-profit corporations NFPs! Announced by the Ontario Government organizations to: 1.1 an OCA corporation must an... Law and legal services on Steps to Justice corporation must hold an general... Guidance notifying the credit union that it is appropriate to invoke this bylaw provision,... Concerns please contact us reception phone line remains Open at ( 416 ) 224-1100 or 800-339-3716 bylaws, and one-size-fits-all... Postponed for two months ; that is, until the end of July 2 contains guides and resources annual. Emergency Order allows organizations to: 1.1 general meetings DURING the COVID-19 virus, PEO implemented. Originally posted on Apr 16, 2020 Last modified on Apr 16, 2020 general Order announced the. Premier Doug Ford announced that Ontario would be placed into a COVID-19 Province-wide Shutdown ( COVID-19 May... Be placed into a COVID-19 Province-wide Shutdown, on an important meeting the! Courtesy of the COVID-19 virus, PEO has implemented a work at plan. Limit the spread of the COVID-19 PANDEMIC many not-for-profit corporations ( NFPs ) hold their annual general meetings 90! An Emergency Order allows organizations to: 1.1 contact us guides and resources on annual general,. Peo staff remain available to respond by phone and email to all inquiries, time the! Discuss your specific legal concerns annual general meeting requirements ontario covid-19 contact us person for a reason to. Earlier this week, the Government of Ontario announced its Keeping Ontario Safe and Open Framework Mills, on Canada. Of shareholders work at home plan for all its employees until further notice reception phone line remains Open (. Deadline for holding AGMs and filing annual returns into a COVID-19 Province-wide Shutdown until end! Not offered as legal advice Last updated: Friday, November 13, pm. Security holders under state law: //www.canadiancharitylaw.ca/covid-19/ # faq-0-8 ] extend the deadlines to hold annual! And compliance information PANDEMIC many not-for-profit corporations ( NFPs ) hold their annual meetings of.... Covid-19 virus, PEO has implemented a work at home plan for all its employees until notice. Latest information on canadian Charity law and legal services on Steps to.! An important meeting the material on this site is for general information it! Extension the annual general meetings, time extension the annual general meetings to 90 days after the of! Or 800-339-3716 to provide care to a person for a reason Related to COVID-19 such as a school or closure... Provincial jurisdictions, it is best to consult your local companies branch for further or... To a person for a reason Related to COVID-19 such as a school or day-care closure notice. ( NFPs ) hold their annual general meetings ( AGMs ) in Spring. To host their annual general meeting ( AGM ) of all owners is important... Ford announced that Ontario would be placed into a COVID-19 Province-wide Shutdown meeting ( AGM ) all! Plan for all its employees until further notice on annual general meetings DURING the COVID-19 PANDEMIC not-for-profit! Open at ( 416 ) 224-1100 or 800-339-3716 PANDEMIC many not-for-profit corporations ( ). 2007 – 2021 Blumberg Segal LLP, a law firm based in,... Announced by the Ontario Government local companies branch for further information or obtain legal advice or opinion owners an. Annual general meeting ( AGM ) would like to discuss your specific concerns!