34 (1) A company may apply to the Minister for the issue of supplementary letters patent, (a)  extending, limiting or otherwise varying its objects; (b)  changing its name; (c)  increasing its authorized capital; (d)  decreasing, (i)  its authorized capital by cancelling issued or unissued shares with or without par value or by reducing the par value of issued or unissued shares, or (ii)  its issued capital, if it has shares without par value, and, where it has more capital than it requires, authorizing the repayment of capital to the shareholders to the extent that the issued capital is decreased in any way under this clause; (e)  redividing its authorized capital into shares of lesser or greater par value; (f)  consolidating or subdividing any of its shares without par value; (g)  changing any of its shares with par value into shares without par value; (h)  changing any of its shares without par value into shares with par value; (i)  reclassifying any shares with or without par value into shares of a different class; (j)  varying any provision in its letters patent or prior supplementary letters patent; (k)  providing for any other matter or thing in respect of which provision may be made in letters patent under this Act; (l)  converting it into a public company; (m), (n)  Repealed: 2017, c. 20, Sched. 7, s. 21 (2). (o)  converting it into a private company; (p)  converting it into a corporation without share capital; (q)  Repealed: 2017, c. 20, Sched. 7, s. 21 (2). R.S.O. 1990, c. C.38, s. 34 (1); 2017, c. 20, Sched. 7, s. 21 (1, 2). Authorization (2) An application under subsection (1) shall be authorized by a special resolution.  2001, c. 9, Sched. D, s. 5 (3). (3) Repealed:  2001, c. 9, Sched. D, s. 5 (3). Additional authorization for variation of rights of preference shareholders (4) If the application is to delete or vary a preference, right, condition, restriction, limitation or prohibition attaching to a class of preference shares or to create preference shares ranking in priority to or on a parity with an existing class of preference shares, then, subject to subsection (5) and, in addition to the authorization required by subsection (2), the application shall not be made until the application has been authorized in writing, (a)  by 100 per cent of the holders of the shares of such class or classes of shares; or (b)  by at least 95 per cent of the holders of the shares of such class or classes of shares holding at least 95 per cent of the issued shares of such class or classes, but, in the case of authorization under clause (b), the application shall not be made until twenty-one days notice of the application has been given by sending the notice to each of the holders of shares of such class or classes to the holder’s last address as shown on the books of the company and only if at the expiration of twenty-one days none of the holders of such class or classes has dissented in writing to the company.  R.S.O. 1990, c. C.38, s. 34 (4). Idem (5) If the letters patent or supplementary letters patent so provide, the authorization required by subsection (4) may be given by at least two-thirds of the votes cast at a meeting of the holders of such class or classes of shares duly called for that purpose.  R.S.O. 1990, c. C.38, s. 34 (5). Exception (6) Where letters patent or supplementary letters patent issued before the 30th day of April, 1954, provide for an authorization for an application for supplementary letters patent to delete or vary a preference, right, condition, restriction, limitation or prohibition attaching to preference shares or to create preference shares ranking in priority to or on a parity with an existing class of preference shares, such authorization is effective, and subsections (4) and (5) do not apply.  R.S.O. 1990, c. C.38, s. 34 (6). (7) Repealed:  1998, c. 18, Sched. E, s. 61. Exception (8) Subsection (4) does not apply to an arrangement under section 112.  R.S.O. 1990, c. C.38, s. 34 (8). Special Act corporations excepted (9) This section does not apply to a company incorporated by special Act, except that a company incorporated by special Act may apply under this section for the issue of supplementary letters patent changing its name.  R.S.O. 1990, c. C.38, s. 34 (9). Application of clauses (1) (l), (o), (p) (10) Clauses (1) (l), (o) and (p) apply only in respect of an insurer within the meaning of subsection 141 (1). 2017, c. 20, Sched. 7, s. 21 (3). Section Amendments with date in force (d/m/y) 1998, c. 18, Sched. E, s. 61 - 01/03/1999 2001, c. 9, Sched. D, s. 5 (3) - 29/06/2001 2010, c. 15, s. 211 (4) - no effect - see 2017, c. 20, Sched. 8, s. 57 - 14/11/2017 2017, c. 20, Sched. 7, s. 21 (1-3) - 19/10/2021