jswizzle3737/ontario_laws_and_regs huggingface dataset:
2. (1) The Minister shall maintain a register of small business development corporations in which he or she shall list all corporations registered under this Act and the register shall be open for public inspection during normal office hours.  R.S.O. 1990, c. S.12, s. 2 (1). Delegation by Minister (2) The Minister may delegate in writing any of his or her duties or powers under this Act to any public servant employed under Part III of the Public Service of Ontario Act, 2006.  R.S.O. 1990, c. S.12, s. 2 (2); 2006, c. 35, Sched. C, s. 122. Registration
3. (1) A corporation incorporated under the Business Corporations Act or any predecessor Act may apply to be registered under this Act by delivering to the Minister a proposal in duplicate no later than May 15, 1993.  R.S.O. 1990, c. S.12, s. 3 (1); 1994, c. 17, s. 137. Contents of proposal (2) A proposal shall set out: 1. The name of the corporation. 2. The location of the registered office of the corporation in Ontario, including the street and number, if any. 3. The classes and series of shares, the maximum number of shares that the corporation is authorized to issue of each class and series and the aggregate consideration exceeding which all shares of each class and series may not be issued. 4. The amount of the stated capital account of each class and series of shares issued and the amount of equity capital for which the shares were issued. 5. The amounts and kinds of debt obligations, if any, issued by the corporation. 6. The number of directors of the corporation and the names in full and the residence addresses of each, giving the street and number, if any. 7. The names in full of the officers of the corporation and the residence addresses of each, giving the street and number, if any. 8. Any other matter prescribed to be set out in the proposal. Articles of incorporation (3) A proposal shall be accompanied by a certified copy of the corporation’s articles of incorporation and a true copy of any shareholder agreement relating to the corporation. Execution of proposal (4) The proposal shall be signed by two officers or one director and one officer of the corporation and certified by affidavit of one of the officers or directors signing the proposal.  R.S.O. 1990, c. S.12, s. 3 (2-4).
3.1 The registration of every corporation that, on May 6, 1997, is registered as a small business development corporation is revoked.  1997, c. 10, s. 47.
4. No corporation shall be registered under this Act unless, (a) the corporation complies with all provisions of the Business Corporations Act; (b) the corporation has never previously carried on business; (c) the articles of the corporation limit the aggregate consideration which the corporation may receive on the issuance of classes and series of equity shares to not more than, (i) $10,000,000 in the case of a corporation that is offering its equity shares to the public, and (ii) $5,000,000 in the case of any other corporation; (d) the articles of the corporation restrict the business of the corporation to assisting in the development of small businesses by, (i) providing capital through the acquisition and holding of securities as permitted by this Act, (ii) providing business and managerial expertise to small businesses, or (iii) in the case of a Northern and Eastern small business development corporation, by providing the assistance described in subclauses (i) and (ii) to small businesses which meet the requirements of clause 9 (1) (a), or, in the case of a Northern and Eastern small business development corporation, the corporation has provided at the time of registration an undertaking satisfactory to the Minister to file articles of amendment restricting the business of the corporation to assisting in the development of small business in a manner described in subclause (iii); (e) in the case of a Northern and Eastern small business development corporation, the corporation has included in its English name “(Northern and Eastern)” or in its French name “(du Nord et de l’Est)” or provides an undertaking satisfactory to the Minister at the time of registration to file articles of amendment changing its name to include that designation and to provide the Minister with a certified copy of the articles of amendment; (f) the total stated capital for classes and series of equity shares issued in consideration for equity capital is at least $25,000; and (g) the corporation meets such other conditions as may be prescribed.  R.S.O. 1990, c. S.12, s. 4.
5. (1) A corporation is entitled to registration by the Minister except where, (a) the applicant fails to comply with section 3 or 4, as the case may be; or (b) the applicant fails to file the material required by this Act or the regulations. Refusal to register (2) Subject to section 28, the Minister may refuse to register a corporation where in the Minister’s opinion the applicant is disentitled to registration under subsection (1) of this section. Revocation of registration (3) Subject to section 28, the Minister may refuse to permit a payment from the trust fund established under section 8 or revoke a registration where the registrant fails to comply with any provision of this Act or the regulations. Surrender of registration (4) Upon the request of a corporation registered under this Act, the Minister may accept the surrender of the registration of the corporation if, (a) the corporation pays to the Minister the amount, if any, required to be paid under section 24; and (b) the corporation files with the Minister the prescribed information and meets such other conditions as may be prescribed. Corporation deemed registered as Northern and Eastern development corporation (5) Where a small business development corporation that was registered prior to the 24th day of October, 1985 has, (a) made investments only in small businesses primarily located within the geographic boundaries of northern and eastern Ontario as defined in the regulations; (b) met the requirements of clause 4 (e); and (c) complied fully with this Act, the spirit and intent of this Act and the regulations, the Minister may, at the corporation’s request, deem the corporation to be registered as a Northern and Eastern small business development corporation and amend the register accordingly.  R.S.O. 1990, c. S.12, s. 5.
6. If a corporation complies with sections 3 and 4, the Minister shall, when all prescribed fees have been paid, (a) endorse on each duplicate of the proposal the words “Registered/Inscrit” and the day, month and year of the registration thereof; (b) file one of the duplicates in his or her office; (c) place the name of the corporation in the register of small business development corporations; and (d) issue to the registrants a certificate of registration to which he or she shall affix the other duplicate.  R.S.O. 1990, c. S.12, s. 6.
7. (1) By the end of its first year of registration under this Act and at all times thereafter, a small business development corporation shall have equity shares issued and outstanding for equity capital of, (a) at least $50,000 where the small business development corporation is a Northern and Eastern small business development corporation; or (b) at least $100,000 where the small business development corporation is not a Northern and Eastern small business development corporation, but not exceeding $10,000,000 where the small business development corporation is offering its equity shares to the public and $5,000,000 in the case of any other small business development corporation. Investment requirement (2) Within the first twelve months after the date of issuance of any equity shares of a small business development corporation and throughout the next twelve months, the small business development corporation shall have acquired and maintained eligible investments, the acquisition cost of which shall be an amount, calculated in the prescribed manner, equal to at least 40 per cent of the equity capital received on the issuance of the equity shares. Idem (3) After the end of the twenty-fourth month following the date of issuance of equity shares, the small business development corporation shall have acquired and shall maintain eligible investments, the acquisition cost of which shall be an amount, calculated in the prescribed manner, equal to at least 70 per cent of the equity capital received on the issuance of the equity shares. Idem (4) Where a grant or tax credit with respect to any equity share has been paid or allowed out of an incentive fund referred to in clause 22 (1) (a) or (b), or out of the new enterprise incentive fund as it was constituted at the date of election formerly required under this Act, each eligible investment referred to in subsections (2) and (3) shall have been made after the 15th day of May, 1984, and shall meet the prescribed conditions of being an eligible investment, (a) where the small business development corporation is a Northern and Eastern small business development corporation, in a small business primarily located in northern and eastern Ontario where the grant or tax credit was paid or allowed out of the northern and eastern Ontario incentive fund; and (b) where the small business development corporation is not a Northern and Eastern small business development corporation, (i) in a small business primarily located in northern and eastern Ontario where the grant or tax credit was paid or allowed out of the northern and eastern Ontario incentive fund prior to the 24th day of October, 1985, or (ii) in a small business in Ontario where the grant or tax credit was paid or allowed out of the general fund, or the new enterprise fund as formerly constituted. Idem (5) For the purposes of this section, where a small business development corporation disposes of an eligible investment, it shall be deemed to maintain the investment for a period of six months following the date of the disposition.  R.S.O. 1990, c. S.12, s. 7.
10. (1) A small business development corporation shall maintain its assets in, (a) eligible investments; (b) liquid reserves; (c) equity shares that were eligible investments at the time they were acquired by such small business development corporation; (d) debt obligations that meet all of the conditions of subsection 9 (1), except clause (c) thereof; or (e) such other form as may be prescribed. Liquid reserves (2) Assets of the corporation maintained in liquid reserves shall be deposited from time to time in any bank listed in Schedule I or II to the Bank Act (Canada), or in any trust corporation or loan corporation that is registered under the Loan and Trust Corporations Act, or with the Province of Ontario Savings Office or in such other investments as may be prescribed, upon such terms and conditions and for such period as the corporation considers expedient.  R.S.O. 1990, c. S.12, s. 10.
11. (1) In this section and in clause 9 (1) (f), “corporation” includes an association, partnership or other organization; (“société”) “non-resident” means, (a) an individual who is not a resident Canadian, (b) a corporation incorporated, formed or otherwise organized elsewhere than in Canada, (c) a corporation that is controlled directly or indirectly by non-residents as defined in clause (a) or (b), (d) a trust in which non-residents as defined in clause (a), (b) or (c) have more than 50 per cent of the beneficial interest, or (e) a corporation that is controlled directly or indirectly by a trust mentioned in clause (d); (“non-résident”) “resident” means an individual, corporation or trust that is not a non-resident. (“résident”) Idem (2) For the purpose of clause 9 (1) (f), a shareholder shall be deemed to be associated with another shareholder if, (a) one shareholder is a corporation of which the other shareholder is an officer or director; (b) one shareholder is a partnership of which the other shareholder is a partner; (c) one shareholder is a corporation that is controlled directly or indirectly by the other shareholder; (d) both shareholders are corporations and one shareholder is controlled directly or indirectly by the same individual or corporation that controls directly or indirectly the other shareholder; (e) both shareholders are members of a voting trust where the trust relates to shares of a corporation; or (f) both shareholders are associated within the meaning of clauses (a) to (e) with the same shareholder.  R.S.O. 1990, c. S.12, s. 11.
13. (1) In this section, a material change occurs if the investment of a small business development corporation ceases to be an eligible investment.  R.S.O. 1990, c. S.12, s. 13 (1). Notification (2) A small business development corporation shall notify the Minister in the form approved by the Minister of any material change in any of its investments within thirty days of the occurrence thereof.  R.S.O. 1990, c. S.12, s. 13 (2); 1997, c. 19, s. 24 (1). Eligible investment (3) Where there is a material change, the investment by a small business development corporation shall remain an eligible investment, notwithstanding any other provision of this Act except subsection 12 (1), for a period of two years from the date of the material change. Where prescribed number of employees exceeded (4) Despite subsection (3), where a material change occurs by reason only of a small business exceeding the prescribed number of employees, no material change shall be deemed to have occurred until the small business and any affiliated corporations have more than the prescribed number of maximum permitted employees, determined in the prescribed manner. Eligible investment (5) Where a material change described in subsection (4) occurs the investment by a small business development corporation shall remain an eligible investment, despite any other provision of this Act, for a period of five years from the date of the material change.  R.S.O. 1990, c. S.12, s. 13 (3-5).
14. (1) No equity shares and no option or right to acquire equity shares of a small business or of a corporation that has ceased to be a small business or an eligible investment shall be transferred or granted by a small business development corporation without first granting to all other holders of the equity shares of such small business or corporation the right to acquire the whole or any part of such equity shares, option or right upon the same terms and conditions. Proviso (2) Only a holder of equity shares that is not a small business development corporation may exercise the right to acquire equity shares, options or rights under subsection (1).  R.S.O. 1990, c. S.12, s. 14.
15. Despite section 148 of the Business Corporations Act, every corporation in respect of a financial year or any part thereof during which the corporation was registered under this Act shall comply with the requirements of Part XII of the Business Corporations Act regarding the appointment and duties of an auditor and the corporation shall submit to the Minister within six months after the end of each financial year its financial statements for the year and the auditor’s report thereon.  R.S.O. 1990, c. S.12, s. 15. Information
16. (1) Within ninety days after each anniversary of the date of its registration, every small business development corporation shall prepare, verify and file with the Minister, a return in the form approved by the Minister setting out, as of its anniversary date, the information required by such return.  R.S.O. 1990, c. S.12, s. 16 (1); 1997, c. 19, s. 24 (1). Notice to Minister (2) A small business development corporation shall notify the Minister, in the form approved by the Minister, of any proposed action involving, (a) any arrangement described under clauses 181 (1) (a) to (i) of the Business Corporations Act that it proposes to place before its shareholders for approval; (b) any action by the corporation which would have the effect of reducing the stated capital account of any class or series of equity shares; (c) the purchase, surrender, redemption or conversion of any equity share of the corporation; (d) the disposition or sale of any eligible investment; or (e) the entering into, or amendment of, any shareholder agreement relating to the small business development corporation or any corporation in which the small business development corporation maintains an investment, at least twenty-one days prior to carrying out the proposed action.  R.S.O. 1990, c. S.12, s. 16 (2); 1997, c. 19, s. 24 (1). Enlargement of time by Minister (3) The Minister may, in his or her discretion, enlarge the time for filing any notice or return under this section.  R.S.O. 1990, c. S.12, s. 16 (3).
17. The Minister may at any time by notice require any small business development corporation or any corporation in which the small business development corporation has invested to file within the time specified in the notice a return upon any subject connected with its affairs and, in the opinion of the Minister, relevant to the administration or enforcement of this Act.  R.S.O. 1990, c. S.12, s. 17. Investment Incentives
18. Where a small business development corporation is registered under this Act, the corporation is not liable for the tax imposed by Part III of the Corporations Tax Act, with respect only to the maximum equity capital amount set out in clause 4 (c) and retained earnings thereon.  R.S.O. 1990, c. S.12, s. 18; 2004, c. 16, Sched. D, Table.
19. (1) Subject to subsections (2) and (3) of this section and subsection 5 (4), where a person or a corporation complies with the provisions of this Act, the Minister may make a grant under section 20 or allow a tax credit under section 21. Idem (2) The Minister shall not make a grant under section 20 or allow a tax credit under section 21 to any shareholder of a small business development corporation if the small business development corporation has, (a) failed to establish and maintain a trust fund to the satisfaction of the Minister in accordance with section 8; or (b) designated any of its issued securities to be a type of security entitling the holder thereof to claim a credit against income tax payable under the Income Tax Act (Canada) with respect to the purchase of such security. Revocation of registration or refusal of grant (3) Subject to section 28, where the Minister is of the opinion that the small business development corporation, its officers or directors, or its shareholders are conducting their business and affairs in a manner that is contrary to the spirit and intent of this Act or for the purpose of obtaining a grant or tax credit to which they would not otherwise be entitled, the Minister may, (a) revoke the registration of the small business development corporation; (b) refuse to pay a grant under section 20 or allow a tax credit under section 21; or (c) refuse to permit a payment from the trust fund established under section 8. Saving (4) Where a small business development corporation does not comply with the provisions of this Act or the regulations, but the Minister is of the opinion that the corporation is meeting the spirit and intent of this Act, the Minister may, for such time as in his or her opinion is appropriate, refrain from revoking the registration of any corporation.  R.S.O. 1990, c. S.12, s. 19.
21. (1) Subject to subsection (2), a corporation that is the beneficial and registered owner of equity shares of a small business development corporation may, subject to the approval of the Minister, deduct from the tax otherwise payable by it under Part II of the Corporations Tax Act, an amount equal to, (a) 30 per cent in the case of shares of a Northern and Eastern small business development corporation; or (b) 25 per cent in the case of shares of a small business development corporation that is not a Northern and Eastern small business development corporation, of the amount of money actually paid by the corporation to the small business development corporation for equity shares issued to it by the corporation.  R.S.O. 1990, c. S.12, s. 21 (1); 2004, c. 16, Sched. D, Table. Same (1.1) No corporation may deduct from tax otherwise payable under Part II of the Corporations Tax Act an amount under subsection (1) unless the corporation has requested the approval of the Minister for the deduction on or before July 1, 1993.  1994, c. 17, s. 140; 2004, c. 16, Sched. D, Table. Supporting material (2) Where a corporation claims a tax credit under subsection (1), the annual return required under section 75 of the
Corporations Tax Act, in which the credit is claimed shall be accompanied by, (a) a certificate containing the prescribed information signed by the secretary and one authorized officer of the small business development corporation that has issued the equity shares in respect of which a tax credit is sought; and (b) such additional material as may be prescribed by the Minister.  R.S.O. 1990, c. S.12, s. 21 (2); 2004, c. 16, Sched. D, Table. Transitional (3) Despite subsection (1), the Minister may approve the deduction by a corporation from the tax otherwise payable by it under Part II of the Corporations Tax Act of an amount equal to 30 per cent of the amount of money actually paid by the corporation to the small business development corporation for equity shares where the Minister is satisfied that such shares were fully paid for and issued to the corporation by the small business development corporation prior to the 24th day of October, 1985. R.S.O. 1990, c. S.12, s. 21 (3); 2004, c. 16, Sched. D, Table. Idem (4) Where, prior to the 24th day of October, 1985, (a) the Minister has consented in writing to the repayment of any advance owing to a shareholder of a small business development corporation in accordance with provisions prescribed under subclause 9 (1) (d) (v); and (b) a substantial portion of the advance approved by the Minister has been made, an application for a tax credit under subsection (1) shall be treated as if an investment equal to the full amount of the advance approved by the Minister was paid by the applicant to the small business development corporation for equity shares that were fully paid for and issued to the applicant prior to the 24th day of October, 1985.  R.S.O. 1990, c. S.12, s. 21 (4).
21.1 No proceeding described below shall be instituted, or if already instituted, shall proceed against Her Majesty in right of Ontario, the Minister, the Deputy Minister or any officer or employee of the Ministry: 1. A proceeding for the payment of a grant or tax credit under this Act. 2. A proceeding for damages for the failure to pay a grant or tax credit under this Act. 3. A proceeding for any costs incurred in respect of making an application for a grant or tax credit under this Act.  1994, c. 17, s. 141.
22. (1) The money appropriated by the Legislature for the payment of grants and the allowance of tax credits under this Act shall be held by the Minister in accordance with subsection (2) in separate funds, being, (a) the northern and eastern Ontario incentive fund; and (b) the general fund. Allocation to incentive funds (2) The amount or percentage of the money appropriated by the Legislature for the payment of grants and the allowance of tax credits under this Act that shall be allocated in each year to the incentive fund described in clause (1) (a) shall be the amount or percentage that is from time to time specified by order of the Lieutenant Governor in Council made on the recommendation of the Treasurer of Ontario and Minister of Economics. Payment from funds (3) The Minister shall make a grant or allow a tax credit to a shareholder of a small business development corporation with respect to each equity share issued on or after the 24th day of October, 1985, (a) from the fund described in clause (1) (a), where the small business development corporation that issued the share is a Northern and Eastern small business development corporation; or (b) from the fund described in clause (1) (b), where the small business development corporation that issued the share is not a Northern and Eastern small business development corporation.  R.S.O. 1990, c. S.12, s. 22.
23. The unused portion of a tax credit obtained under subsection 21 (1), not exceeding the tax payable for the preceding taxation year under Part II of the Corporations Tax Act, may be, (a) carried back by the corporation and added to the amount paid on account of the tax payable by the corporation for the taxation year immediately preceding the taxation year in which the credit is earned; or (b) if, after making the deduction in clause (a), any unused portion of the tax credit remains, carried forward by the corporation and deducted from the tax otherwise payable by the taxpayer under Part II of the Corporations Tax Act in subsequent taxation years.  R.S.O. 1990, c. S.12, s. 23; 2004, c. 16, Sched. D, Table.
25. The amount to be paid to the Minister by the small business development corporation under section 24 shall be deemed to be a tax imposed upon the corporation under the Corporations Tax Act and may be collected and enforced in accordance with the provisions of that Act.  R.S.O. 1990, c. S.12, s. 25; 2004, c. 16, Sched. D, Table.
26. Every share certificate in respect of equity shares issued by a small business development corporation shall conspicuously state upon its face the words, “The value of the shares represented by this certificate may be significantly affected by recapture provisions under the Small Business Development Corporations Act” if the share certificate is in English or “La valeur des actions représentées par ce certificat peut être affectée de façon significative par les dispositions relatives à la récupération visées à la Loi sur les sociétés pour l’expansion des petites enterprises” if the share certificate is in French.  R.S.O. 1990, c. S.12, s. 26.
27. (1) Where any amount is payable to the Crown or is deemed to be payable to the Crown under this Act, the Minister may, by Notice of Demand in writing to the person or corporation by whom such payment is owing or claimed to be owing, demand payment immediately or in such number of days as are specified in the demand, and if the payment is not made as demanded, the Minister may recover and collect the amount thereof by any of the remedies or procedures provided for in this Act. Liability for payment not affected (2) Despite the fact that an objection or other proceeding under section 28 has been commenced or may be commenced, every amount demanded to be paid under subsection (1) remains payable and recoverable until the demand therefor is revoked in writing by the Minister.  R.S.O. 1990, c. S.12, s. 27. Disputes
28. (1) Where the Minister proposes, (a) to refuse to register a corporation under this Act; (b) to revoke the registration of a small business development corporation; (c) to refuse to permit payment from the trust fund established under section 8 where that refusal does not result from a determination by the Minister that any investment or proposed investment is ineligible under this Act; (d) to refuse to make a grant under section 20; or (e) to refuse to allow a tax credit under section 21, he or she shall serve notice of his or her proposal, together with written reasons therefor on the applicant or registrant. Registration deemed refused (2) If the Minister has not registered a corporation under section 5 within four months of the date on which the corporation delivered a proposal under section 3, the Minister shall be deemed to have refused registration under clause (1) (a). Objection (3) Where a person or corporation objects to a proposal under subsection (1) that is served on them, they may, within sixty days from the day of mailing of the proposal or the date upon which the Minister has been deemed to have refused registration under subsection (2), serve on the Minister a notice of objection in duplicate in the prescribed form setting out the reasons for the objection and all relevant facts. Service (4) A notice of objection under this section shall be served by being sent by registered mail addressed to the Minister. Idem (5) The Minister may accept a notice of objection under this section despite the fact that it was not served in the manner required. Action on proposal (6) Where an applicant or registrant does not serve a notice of objection under subsection (3), the Minister may carry out the proposal stated in his or her notice under subsection (1). Reconsideration (7) Upon receipt of the notice of objection, the Minister shall with all due dispatch reconsider the proposal objected to and confirm, vary or abandon the proposal, and he or she shall thereupon notify the person or corporation making the objection of his or her action by registered mail. Where decision final (8) A decision of the Minister under subsection (7) is final and is not subject to appeal except where the decision involves the interpretation of a provision of this Act, or involves an issue solely of law.  R.S.O. 1990, c. S.12, s. 28.
29. In any dispute over a decision or action of the Minister under subsection 28 (7), the Minister may, where the dispute involves the interpretation of a provision of this Act, or involves an issue solely of law in which no facts are in dispute, or involves the proper inference to be drawn from facts that are not in dispute, agree in writing with the disputing party as to the undisputed facts and thereafter apply to the Divisional Court to have the issue in dispute determined, and if the Minister does not make the application within six weeks of the date upon which the undisputed facts have been agreed upon in writing, the other party to the dispute may apply to the court to have the issue determined.  R.S.O. 1990, c. S.12, s. 29. Offences
30. (1) Every person or corporation that makes or assists in making a statement in any document required by or for the purposes of this Act or the regulations that, at the time and in the light of the circumstances under which it was made, is false or misleading in respect of any material fact or that omits to state any material fact the omission of which makes the statement false or misleading is guilty of an offence and on conviction is liable to a fine of not less than 25 per cent and not more than 200 per cent of the amount of the grant or tax credit sought or received or to imprisonment for a term of not more than two years, or to both a fine and imprisonment. Exception (2) No person or corporation is guilty of an offence under subsection (1) if the person or corporation did not know that the statement was false or misleading and in the exercise of reasonable diligence could not have known that the statement was false or misleading.  R.S.O. 1990, c. S.12, s. 30.
31. Sections 93 to 98 of the Corporations Tax Act shall be deemed to apply to, (a) an application for a grant under section 20; (b) a claim for a tax credit under section 21; (c) any books, records, accounts or returns required to be maintained or made by a small business development corporation; and (d) any books, records, accounts, returns or other information maintained by a small business that has been acquired by a small business development corporation as an eligible investment or that has ceased to be an eligible investment or a small business under this Act, and any reference in the sections of the Corporations Tax Act to a corporation shall be applied as though the sections also included a reference to persons.  R.S.O. 1990, c. S.12, s. 31; 2004, c. 16, Sched. D, Table.
32. In addition to any other remedy available under this Act, where any person or corporation obtains a grant or tax credit under this Act or the regulations, on the basis of information that is false or misleading or an application that contains any false or misleading statement, the amount of such grant or tax credit together with interest thereon at the prescribed rate, shall be deemed to be a debt due to the Crown and may be recovered by an action in a court of competent jurisdiction.  R.S.O. 1990, c. S.12, s. 32.
33. Proceedings to enforce any provision of this Act or the regulations may be instituted within six years after the time the subject-matter of the proceedings arose.  R.S.O. 1990, c. S.12, s. 33.
34. (1) The Lieutenant Governor in Council may make regulations, . .  . .  . (b) requiring any person to make information returns respecting any class of information required in assessing compliance with this Act; (c) prescribing the calculation of the amount of a grant or tax credit where equity shares are purchased by a shareholder as part of a distribution to the public; (d) defining any word or expression used in this Act that has not already been expressly defined in this Act; (e) prescribing the method of calculation of the consideration to be paid for each equity share under section 24 where a small business development corporation proposes to dissolve, or where its registration is revoked or surrendered, or any of its equity shares are purchased or otherwise acquired by the small business development corporation; (f) prescribing any conditions that a corporation must meet prior to registration; (g) prescribing the method of determining the amount of equity capital of a small business development corporation; (h) prescribing authorized investments for the purposes of section 10; (i) prescribing the amount of money available at any time under this Act or available by way of grant or tax credit; (j) prescribing the method of calculation to be used in determining the percentage of wages and salaries paid in respect of operations in Ontario; (k) prescribing any rate of interest that is to be prescribed and the method by which it is to be calculated; (l) prescribing any matter required by this Act to be prescribed by the regulations.  R.S.O. 1990, c. S.12, s. 34 (1); 1997, c. 19, s. 24 (2). (2) Repealed:  1997, c. 19, s. 24 (2). Retroactivity (3) A regulation is, if it so provides, effective with reference to a period before it was filed.  R.S.O. 1990, c. S.12, s. 34 (3).
34.1 (1) The Minister may approve the use of forms for any purpose of this Act and the forms may provide for such information to be furnished as the Minister may require. Fees (2) The Minister may establish and charge fees for anything that the Minister or the Ministry is required or authorized to do under this Act or the regulations.  1997, c. 19, s. 24 (3).
35. The money required for the purposes of this Act shall be paid out of the money appropriated therefor by the Legislature.  R.S.O. 1990, c. S.12, s. 35. ______________  Français