Presents a sensible research of Canadian enterprise law, together with the authorized and administrative techniques, torts, contracts, sale of goods and shopper safety, secured transactions, employment, agency and enterprise organizations. Article 124: If a director of a listed firm is affiliated with an enterprise concerned in a decision matter of the assembly of the board of administrators, he might not exercise his voting proper on such decision or the voting proper of some other director as proxy.
The place, after the company restricted by shares is established, it is discovered that the actual price of the non-currency property contributed as capital for institution of company is markedly lower than the price specified within the firm’s articles of affiliation; the discrepancy shall be made up by the promoter that delivered the capital contribution.
Article 5: When partaking in enterprise activities, a company shall abide by laws and administrative laws, observe social morality and business ethics, act in good faith, accept supervision by the federal government and the public, and bear social duties.
Article 96: Companies restricted by shares shall preserve at their office the corporate’s articles of affiliation, register of shareholders, counterfoil of corporate bonds, minutes of basic meetings, minutes of the conferences of the board of administrators, minutes of the conferences of the board of supervisors, and financial and accounting reviews.