The Ontario government has recently extended the ability for Ontario Corporations Act (OCA) corporations to have virtual meetings until May 31, 2021. It is contained in O. Reg. 544/20: EXTENSION OF TEMPORARY SUSPENSION PERIOD. This will be useful for some Ontario corporations that have governing documents that don’t allow for virtual meetings as they will be able to have virtual meetings despite the governing documents until May 31, 2021. Any corporation with such restrictions should consider revising their governing documents to allow for virtual meetings. Alternatively consider moving out of the antiquated Ontario system to the Federal CNCA.
Here is the announcement:
We have extended some of the temporary legislative provisions to allow corporations governed under one of these four Acts to continue to hold meetings virtually until May 31, 2021:
This will help businesses conduct meetings while practising physical distancing.
Original title of blog post: Ontario government has extended ability for OCA corporations to have virtual meetings until May 31, 2021
By Mark Blumberg, Blumbergs, Canadian Charity Law