Updated policies on corrections of articles or a certificate for business and not-for-profit corporations
Corporations Canada has updated its policies on corrections for corporations governed by the Canada Business Corporations Act and the Canada Not-for-profit Corporations Act.
The revisions streamline and improve the process of requesting corrections of articles or a certificate, and consist of the following:
- New templates for submitting a request for correction are simpler and now include model statements that the applicant may select or tailor to their specific circumstances, as well as a declaration to be signed. A statement explaining the error and a statutory declaration are no longer required.
- When the error is obvious, the professional representative of the business or not-for-profit corporation can sign the declaration.
- The policy language is simpler and the policy includes examples to explain what is meant by an obvious error, a non-obvious error and an error attributable to Corporations Canada.
The requirements to allow for a correction have not changed. To be approved, the correction must reflect the original intent and may not prejudice shareholders, members or creditors.
Policies on corrections of articles or a certificate
- Date modified: