![]() Subsection 153(1) of the Act provides that shares of a corporation that are registered in the name of an intermediary or their nominee and not beneficially owned by the intermediary must not be voted unless the intermediary, without delay after receipt of the notice of the meeting, financial statements, management proxy circular, dissident’s proxy circular and any other documents sent to shareholders for use in connection with the meeting, sends a copy of the documents to the beneficial owner, along with a written request for written voting instructions from the beneficial owner, unless the intermediary has already received such instructions. Subsection 57(2) automatically exempts non-distributing corporations from the requirements of Part 1(c) and items 8, 9, 10 and 16 of Part 2 of Form 51-102F5. Subsection 57(1) incorporates by reference Form 51-102F5 of National Instrument 51-102 of the Canadian Securities Administrators entitled Continuous Disclosure Obligations. The prescribed form of a dissident's proxy circular is set out in section 57 of the Canada Business Corporations Regulations, 2001 (CBCR).
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