18.13 (1) An eligible research institute may, as a sponsor, apply for registration under this Part of a corporation or a partnership as an Ontario commercialization investment fund if, (a) the corporation or partnership has a permanent establishment in Ontario; and (b) the eligible research institute demonstrates that it will be actively involved in the business and affairs of the corporation or partnership.  2004, c. 31, Sched. 7, s. 9. One or more sponsors permitted (2) An application for registration of a corporation or partnership under this Part may be made by one or more eligible research institutes as sponsors and an eligible research institute may apply to the Minister in the form and manner specified by the Minister to be included as a sponsor of a corporation or partnership that is already registered under this Part.  2004, c. 31, Sched. 7, s. 9. Institute may sponsor more than one corporation (3) An eligible research institute may act as a sponsor of more than one corporation or partnership.  2004, c. 31, Sched. 7, s. 9. Proposal (4) An application for registration under this Part shall be made by filing with the Minister a proposal in duplicate setting out the following information: 1. The names of the corporation or partnership and the sponsor or sponsors. 2. The location of the registered office and all permanent establishments in Ontario of the corporation or partnership and the sponsor or sponsors. 3. In the case of a corporation, an investment plan for the corporation specifying, i. the rights and privileges attached to each class or series of shares of the corporation, the amount of the stated capital account of each class or series of shares issued and to be issued and the total amount of equity capital for which the shares were or will be issued, ii. the amounts and kinds of debt obligation, if any, issued by the corporation, iii. any restrictions on ownership and voting rights of the shares of the corporation, iv. the terms and conditions for redemption of shares, v. the proposed number of shareholders of the corporation, vi. details of the corporation’s proposed investment objectives and policies, and vii. any other matters prescribed to be set out in the investment plan. 4. In the case of a partnership, an investment plan for the partnership specifying, i. the method of income or loss allocation to each partner, ii. the capital contribution of each partner, iii. the roles and responsibilities of each partner, iv. how the partnership can be dissolved, v. the amounts and kinds of debt obligation, if any, issued or payable by the partnership, vi. the proposed number of partners in the partnership, vii. details of the partnership’s proposed investment objectives and policies, and viii. any other matters prescribed to be set out in the investment plan. 5. A description of the active involvement that the sponsor will have in the conduct of the business and affairs of the corporation or partnership. 6. In the case of a corporation, i. the number of directors of the corporation and the name in full and the residence address of each director, and ii. the names in full of the officers of the corporation and the residence address of each of them. 7. In the case of a partnership, the number of partners in the partnership and the name in full and the address of each partner. 8. Any other matter required by the regulations to be set out in the proposal.  2004, c. 31, Sched. 7, s. 9. Additional information (5) A proposal shall be accompanied by, (a) in the case of a corporation, (i) a certified copy of the articles of the corporation, and (ii) a true copy of all shareholders’ agreements, partnership agreements and proposed agreements relating to the corporation to which the corporation is a party or of which an officer or director of the corporation or a sponsor, after making reasonable inquiry, has knowledge; (b) in the case of a partnership, (i) a certified copy of all partnership agreements for the partnership, and (ii) a true copy of all proposed agreements relating to the partnership to which the partnership is a party or of which a partner of the partnership or a sponsor, after making reasonable inquiry, has knowledge; and (c) any other prescribed material.  2004, c. 31, Sched. 7, s. 9. Certificate (6) The proposal and a certificate certifying that the information contained in the proposal is complete and accurate must be signed on behalf of the corporation or partnership by two officers or one director and one officer of the corporation or by a designated partner of the partnership, as the case may be.  2004, c. 31, Sched. 7, s. 9. Signature by sponsor (7) The proposal must be signed on behalf of each sponsor by the president or chief executive officer of the sponsor or by an individual in an equivalent position.  2004, c. 31, Sched. 7, s. 9. Corporate qualifications (8) No corporation may be registered under this Part unless, (a) the corporation was incorporated under the Business Corporations Act or the Canada Business Corporations Act and is in compliance with that Act and the Securities Act; (b) the corporation has never previously carried on business other than the business related to obtaining registration under this Act; (c) the articles of the corporation specify that each shareholder must be an eligible investor and must invest at least $25,000 in shares of the corporation; (d) the corporation has demonstrated active involvement by the sponsor to the satisfaction of the Minister; and (e) the corporation meets all other prescribed conditions.  2004, c. 31, Sched. 7, s. 9. Partnership qualifications (9) No partnership may be registered under this Part unless, (a) the partnership is operating in compliance with the laws of Ontario relating to partnerships and the Securities Act; (b) the partnership has never previously carried on business other than the business related to obtaining registration under this Act; (c) the partnership agreement specifies that each partner must be an eligible investor and must invest at least $25,000 in the partnership; (d) the partnership has demonstrated active involvement by the sponsor to the satisfaction of the Minister; and (e) the partnership meets all other prescribed conditions.  2004, c. 31, Sched. 7, s. 9. Section Amendments with date in force (d/m/y) 2004, c. 31, Sched. 7, s. 9 - 16/12/2004 Registration