C-258
Second Session, Fortieth Parliament,
57 Elizabeth II, 2009
HOUSE OF COMMONS OF CANADA
BILL C-258
An Act to amend the Canada Business Corporations Act (qualification of auditor)
first reading, January 27, 2009
NOTE
3rd Session, 40th Parliament
This bill was introduced during the Second Session of the 40th Parliament. Pursuant to the Standing Orders of the House of Commons, it is deemed to have been considered and approved at all stages completed at the time of prorogation of the Second Session. The number of the bill remains unchanged.
Mr. Martin (Winnipeg Centre)
401026
SUMMARY
This enactment provides that a person may not become the auditor of a corporation if the person has provided professional services to the corporation or any of its affiliates within two years of the person’s proposed appointment.
Also available on the Parliament of Canada Web Site at the following address:http://www.parl.gc.ca
2nd Session, 40th Parliament,
57 Elizabeth II, 2009
house of commons of canada
BILL C-258
An Act to amend the Canada Business Corporations Act (qualification of auditor)
R.S., c. C-44; 1994, c. 24,
s. 1(F)
Her Majesty, by and with the advice and consent of the Senate and House of Commons of Canada, enacts as follows:
1. Subparagraph 161(2)(b)(iii) of the Canada Business Corporations Act is replaced by the following:
(iii) has been a receiver, receiver-manager, liquidator or trustee in bankruptcy of the corporation or any of its affiliates, or has provided financial services, management consulting services or any other professional services to the corporation or any of its affiliates, within two years of his proposed appointment as auditor of the corporation.
Published under authority of the Speaker of the House of CommonsAvailable from:Publishing and Depository ServicesPublic Works and Government Services Canada