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Compliance and Enforcement - Canada Business Corporations Act (CBCA)Industry Canada (IC) Last Verified:
2006-03-24
Act: Canada Business Corporations Act, R.S.C. 1985, c. C-44; Canada Corporations Act, R.S.C. 1970, c. C-32 Regulation: Canada Business Corporations Regulations, SOR/79-316, as amended; Canada Corporations Regulations, C.R.C., Vol. IV, c. 424, p. 3001, as amended To Whom Does This Apply?All organizations incorporated under the CBCA or CCA-II must comply with the terms of these acts.SummaryCorporations Canada is responsible for enforcing and monitoring compliance with the Canada Business Corporations Act and its regulations, as well as with the Canada Corporations Act, Part II. It reviews complaints relating to corporations or their management, and initiates proceedings when possible.The CBCA is intended to be primarily self-enforcing, meaning that it provides parties with complaints direct access to remedies to address their complaints. Only in extraordinary circumstances will the Director, Corporations Canada use his public resources towards what are essentially private disputes between a complainant and a corporation. Failure by a corporation or a director or officer of a corporation to comply with statutory requirements can result in them receiving a summary conviction to a fine not exceeding $5 000 or to imprisonment for a term not exceeding six months or both. For more informationIf you require additional information on basic compliance requirements or on any of the products and services offered by Corporations Canada, please visit the Web site or contact them by phone or e-mail. Companies may also wish to seek legal counsel.
DISCLAIMER Alberta Contact(s):
Suite 100 10237 - 104 Street N.W. Edmonton, Alberta T5J 1B1 Telephone: 780-422-7722 Fax: 780-422-0055 Toll-free (information): 1-800-272-9675 TTY Toll-free (hearing impaired): 1-800-457-8466 E-mail: buslink@cbsc.ic.gc.ca Web site: http://www.cbsc.org/alberta Hours of operation: Monday - Wednesday, Friday: 9:00 a.m. - 5:00 p.m. Thursday: 9:00 a.m. - 8:00 p.m. National Contact(s): Client Services Unit - Headquarters Corporations Canada Industry Canada 9th Floor Jean Edmonds Tower South 365 Laurier Avenue West Ottawa, Ontario K1A 0C8 Telephone: (613) 941-9042 Fax: (613) 941-0601 Toll-free (information): 1-866-333-5556 E-mail: corporationscanada@ic.gc.ca Web site: http://corporationscanada.ic.gc.ca/epic/internet/incd-dgc.nsf/en/home?OpenDocument |
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