A number of regulations for the new Ontario Not-For-Profit Corporations Act (ONCA) have been published today in the Ontario Gazette. This raises the question of whether ONCA will come into force on July 1, 2021? It is possible but impossible to know as the Ontario government has maintained a high level of secrecy over developments relating to ONCA. Probably more likely is that ONCA will be brought into force in January 2022 but we will see. Having the regulations be published is a small step in the direction of ONCA being brought into force- there are still other steps like the online business registry working.
Here are the regulations:
NOT-FOR-PROFIT CORPORATIONS ACT, 2010 O. Reg. 394/21 ………………………………………………………. 1892
NOT-FOR-PROFIT CORPORATIONS ACT, 2010 O. Reg. 395/21 ………………………………………………………. 1912
NOT-FOR-PROFIT CORPORATIONS ACT, 2010 O. Reg. 396/21 ………………………………………………………. 1920
If you wish to see the whole Gazette it is at https://files.ontario.ca/books/ontariogazette_154-25.pdf
