What are the methods of Incorporation
What are the methods of Incorporation?
Expert
Under the Business Corporations Act, incorporation in Ontario is accomplished by filing signed articles of incorporation, a name search report on the proposed name of the corporation, and the requisite fee. The government office, in turn, issues a certificate of incorporation. Articles of incorporation set out information that is central to the corporation, such as name, registered office, number of directors, restrictions on business, classes of shares and the rights and restrictions of each class, and any restrictions on the transfer of shares. Once the company has been incorporated, by-laws are adopted.
The choice of jurisdiction dictates the filing and registration requirements (e.g., name selections and use, fees, proportion of directors that must be Canadian residents, annual filings). However, a business incorporated in one province or under the federal jurisdiction is free to carry on business throughout Canada and abroad. Certain types of businesses, such as banks, are required to incorporate federally. Once incorporated, a company is bound by the laws of the jurisdiction where incorporation occurred.
What do you mean by Parol Evidence Rule?
How Security Interests are Created Conditional Sales?
Explain what are the Standard Covenants in Commercial Leases?
WHAT ARE THE IMPLICATIONS OF FISCAL DEFICIT ON LOCAL INDUSTRIES
What are the exceptions to Privity of Contract?
What do you mean by Administrative Tribunals?
Explain what do you mean by Actual Authority?
What are the Rights of Shareholders?
Define the term misrepresentation?
Explain what do you mean by Easements?
18,76,764
1927613 Asked
3,689
Active Tutors
1420052
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!