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Canada Business Corporations Act

Version of section 261 from 2019-06-13 to 2020-07-28:


Marginal note:Regulations

  •  (1) The Governor in Council may make regulations

    • (a) providing for anything that by this Act is to be prescribed or provided for by the regulations;

    • (a.1) defining anything that, by this Act, is to be defined by regulation;

    • (b) requiring the payment of a fee in respect of the receipt, examination, filing, issuance or copying of any document, or in respect of any action that the Director is required or authorized to take under this Act, and prescribing the amount of the fee or the manner of determining the fee;

    • (c) respecting the payment of fees, including the time when and the manner in which the fees are to be paid, the additional fees that may be charged for the late payment of fees and the circumstances in which any fees previously paid may be refunded in whole or in part;

    • (c.01) prescribing the form of the register referred to in subsection 21.1(1) and the manner of preparing and maintaining it;

    • (c.02) respecting steps to be taken by a corporation for the purposes of subsection 21.1(2);

    • (c.1) prescribing, for the purposes of subsection 137(1.1), a manner of determining the number of shares required for a person to be eligible to submit a proposal, including the time and manner of determining a value or percentage of the outstanding shares of the corporation;

    • (d) prescribing, for the purposes of paragraph 137(5)(d), the minimum amount of support required in relation to the number of times the shareholder has submitted substantially the same proposal within the prescribed period;

    • (e) prescribing rules with respect to exemptions permitted by this Act;

    • (f) respecting the powers that may be granted by a shareholder in a form of proxy;

    • (g) prescribing any matter necessary for the purposes of the application of Part XX.1, including the time and circumstances when an electronic document is to be considered to have been provided or received and the place where it is considered to have been provided or received;

    • (h) prescribing the manner of, and conditions for, participating in a meeting by means of a telephonic, electronic or other communication facility that permits all participants to communicate adequately with each other during the meeting; and

    • (i) prescribing, for the purposes of subsection 141(3), the manner of, and conditions for, voting at a meeting of shareholders by means of a telephonic, electronic or other communication facility.

  • Marginal note:Incorporation by reference

    (2) The regulations may incorporate any material by reference regardless of its source and either as it exists on a particular date or as amended from time to time.

  • Marginal note:Incorporated material is not a regulation

    (3) Material does not become a regulation for the purposes of the Statutory Instruments Act because it is incorporated by reference.

  • R.S., 1985, c. C-44, s. 261
  • 1994, c. 24, s. 27
  • 2001, c. 14, s. 125
  • 2018, c. 8, s. 38
  • 2018, c. 27, s. 185
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