Vol. 142, No. 26 — December 24, 2008

Registration

SOR/2008-316 December 12, 2008

CANADA CORPORATIONS ACT

ARCHIVED — Order Repealing the Ministers Designation Order (Canada Corporations Act)

P.C. 2008-1908 December 12, 2008

Her Excellency the Governor General in Council, on the recommendation of the Minister of Industry, pursuant to section 152 of the Canada Corporations Act (see footnote a), hereby makes the annexed Order Repealing the Ministers Designation Order (Canada Corporations Act).

ORDER REPEALING THE MINISTERS DESIGNATION ORDER (CANADA CORPORATIONS ACT)

REPEAL

1. The Ministers Designation Order (Canada Corporations Act)
(see footnote 1) is hereby repealed.

COMING INTO FORCE

2. The Order comes into force on the day on which it is registered.

REGULATORY IMPACT
ANALYSIS STATEMENT

(This statement is not part of the Order.)

Description

The objective of this Order is to repeal the Ministers Designation Order(Canada Corporations Act) made under the Canada Corporations Act because it is spent (i.e. no longer enforced). In 1975 the Canada Business Corporations Act came into force. Section 262 of that Act prohibited any company from being incorporated or continued under Part I of the Canada Corporations Act. As a consequence, it is not possible for a company to be incorporated under sections 5.1 and 5.2 of the Canada Corporations Act, so the regulation is no longer required.

This Order is of a technical nature and its repeal will not reflect substantive changes. It is expected that the repealing of this Order will have no impact on Canadians.

Contact

Coleen Kirby
Corporations Canada
Industry Canada
Jean Edmonds Tower South, 9th Floor
365 Laurier Avenue West
Ottawa, Ontario
K1A 0C8
Telephone: 613-941-5720
Fax: 613-941-5781
Email: kirby.coleen@ic.gc.ca

Footnote a
R.S.C. 1970, c. C-32

Footnote 1
C.R.C., c. 425

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