hordruma/ontario_laws_and_regs huggingface dataset:
240 (1) Where sufficient cause is shown to the Director, despite the imposition of any other penalty in respect thereof and in addition to any rights the Director may have under this or any other Act, the Director may, after having given the corporation an opportunity to be heard, by order, upon such terms and conditions as the Director thinks fit, cancel a certificate of incorporation or any other certificate issued or endorsed under this Act or a predecessor of this Act, and, (a)  in the case of the cancellation of a certificate of incorporation, the corporation is dissolved on the date fixed in the order; and (b)  in the case of the cancellation of any other certificate, the matter that became effective upon the issuance of the certificate ceases to be in effect from the date fixed in the order.  R.S.O. 1990, c. B.16, s. 240 (1); 2017, c. 20, Sched. 6, s. 32. Written hearing (1.1) A hearing referred to in subsection (1) shall be in writing in accordance with the rules made by the Director under the
Statutory Powers Procedure Act. 2015, c. 38, Sched. 7, s. 44 (9). Transition (1.2) Subsection (1.1) does not apply to a hearing if the notice specifying a date for the hearing is issued before the day subsection 44 (9) of the Forfeited Corporate Property Act, 2015 comes into force. 2015, c. 38, Sched. 7, s. 44 (9). Termination of proceedings re director residency (1.3) Any proceeding under this section commenced but not decided by order of the Director before the day subsection 9 (2) of Schedule 1 to the Better for People, Smarter for Business Act, 2020 comes into force, related to a corporation’s failure to comply with subsection 118 (3) of this Act as it read immediately before that day, is terminated. 2020, c. 34, Sched. 1, s. 9 (1). Definition (2) In this section, “sufficient cause”, with respect to cancellation of a certificate of incorporation, includes, (a)  Repealed:  1994, c. 27, s. 71 (27). (b)  failure to comply with subsection 115 (2), (c)  Repealed:  1994, c. 27, s. 71 (27). (d)  a conviction of the corporation for an offence under the Criminal Code (Canada) or any other federal statute or an offence as defined in the Provincial Offences Act, in circumstances where cancellation of the certificate is in the public interest, or (e)  conduct described in subsection 248 (2).  R.S.O. 1990, c. B.16, s. 240 (2); 1994, c. 27, s. 71 (27, 28); 2020, c. 34, Sched. 1, s. 9 (2). Section Amendments with date in force (d/m/y) 1994, c. 27, s. 71 (27, 28) - 01/03/1995 2015, c. 38, Sched. 7, s. 44 (9) - 10/12/2016 2017, c. 20, Sched. 6, s. 32 - 14/11/2017 2020, c. 34, Sched. 1, s. 9 (1, 2) - 05/07/2021