Corporate Notices and Announcements

Understanding corporate notices is essential for anyone involved in business operations or legal proceedings in Ontario. These notifications provide critical information about the status and activities of corporations, which can significantly impact shareholders, creditors, and the general public. This article delves into the nuances of corporate notices, focusing on notable cases and the broader implications of these announcements.

Overview of Corporate Notices in Ontario

Corporate notices are formal announcements regarding significant events or changes within a corporation. These notices serve multiple purposes, including informing stakeholders about the financial health and operational changes of a company. In Ontario, corporate notices are governed by specific regulations outlined in the Business Corporations Act.

Generally, corporate notices can include:

• Winding-up announcements
• Changes in corporate structure
• Alterations in the board of directors
• Financial statements and disclosures
• Notices of meetings

Understanding these notices is crucial for shareholders and potential investors as they reflect the corporation's current standing and future direction. In Ontario, the timely dissemination of such information ensures transparency and accountability in corporate governance.

703040 Ontario Inc.

Ontario Corporation Number 703040

Notice Regarding the Winding Up of 703040 Ontario Inc.

Date of Incorporation: February 12, 1987

Liquidator: Brian D. Martin

Address: 862 Lakeview Road, Fort Erie, Ontario, L2A 5Y5

Appointment Date: July 6, 2006

This notice was filed under subsection 193(4) of the Business Corporations Act. A special resolution mandating the voluntary winding up of the corporation was consented to by its sole shareholder on July 6, 2006.

Dated at Fort Erie this 6^th of July, 2006.

Brian D. Martin
Liquidator
(139-P219)

Academy of Leading Emergency Response Technologies

Ontario Corporation Number 1366591

Notice Regarding the Winding Up of the Academy of Leading Emergency Response Technologies

Date of Incorporation: August 16^th, 1999

Liquidators: John Braney and John Chenier

Address: Trillium Centre, 239 Montee Principale, Azilda, Ontario, P0M 1B0

Appointment Date: July 5^th, 2006

This notice is also filed under subsection 193(4) of the Corporations Act. The special resolution for voluntary winding up was passed by the directors of the corporation on July 5, 2006.

Dated at Greater Sudbury this 5^th of July, 2006.

John Braney and John Chenier
Liquidators
(139-P220)

Understanding the Process of Winding Up a Corporation

Winding up a corporation is a formal process that involves liquidating assets and settling debts. This can occur for various reasons, including financial insolvency, strategic business decisions, or changes in market conditions. The process typically includes the following steps:

1. Appointing a liquidator to oversee the winding-up process.
2. Notifying stakeholders and creditors of the winding-up resolution.
3. Liquidating the company’s assets.
4. Settling outstanding debts and obligations.
5. Distributing any remaining assets to shareholders.

In Ontario, the rules governing the winding-up process ensure that it is conducted fairly and transparently, protecting the interests of all parties involved. Understanding these steps is crucial for stakeholders, particularly in cities like Toronto and Ottawa, where corporate activities are prevalent.

What is a Corporate Notice?

A corporate notice is a formal communication issued by a corporation to inform stakeholders about specific events or changes. These notices can be mandatory under law or voluntary based on the corporation's policies. They can include:

• Annual general meetings
• Changes in corporate governance
• Financial disclosures
• Notices of dissolution or winding up

For example, if a corporation in Mississauga decides to alter its bylaws, it must issue a corporate notice to inform its shareholders and other relevant parties of this change.

Identifying a Corporation

Recognizing a corporation involves understanding its legal structure and the implications of its registration. In Ontario, corporations are typically identified by their unique incorporation number and the province in which they are registered. Key characteristics of a corporation include:

• Limited liability for shareholders
• Separate legal identity from its owners
• Ability to enter contracts and own property

In cities like Hamilton and Brampton, local businesses often register as corporations to benefit from these protections. It is essential for potential investors to verify a corporation's status through the appropriate provincial registries.

Examples of Corporations in Ontario

Ontario is home to a diverse range of corporations spanning various industries. Some notable examples include:

• Ontario Power Generation: A major player in the energy sector.
• Shopify: A leading e-commerce platform.
• Magna International: A key automotive supplier.

Each of these corporations operates under the regulations set forth by the Ontario Business Corporations Act and is subject to corporate notices that keep stakeholders informed about their activities and changes.

The Importance of Corporate Notices for Stakeholders

Corporate notices play a vital role in maintaining transparency and trust between a corporation and its stakeholders. Understanding these notices helps stakeholders make informed decisions regarding their investments and involvement with the corporation. In Ontario, stakeholders can rely on these notices for:

• Staying updated on corporate governance changes
• Understanding financial health through disclosures
• Recognizing significant operational changes that may impact their interests

Thus, corporate notices serve as a foundation for informed engagement and decision-making in the corporate landscape of Ontario.

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