Application made under section 53 of old Act but not decided
78 Application made under section 53 of old Act but not decided
This item applies if:
before commencement:
a transitional corporation had applied to the ACA Registrar under subsection 53(1) of the old Act for approval of a proposed new name for the transitional corporation; and
the ACA Registrar neither approved, nor refused to approve, the proposed new name under subsection 53(2) of the old Act; and
within 28 days after commencement, the transitional corporation lodges with the CATSI Registrar:
a statement signed by 2 directors of the corporation or, if there is only 1 director, that director to the effect that the proposed new name has been adopted by the transitional corporation in accordance with its constitution; and
a copy of the document, or documents, that show that the proposed new name had been adopted by the transitional corporation in accordance with its constitution.
The application is taken to be an application lodged with the CATSI Registrar under subsection 88‑1(1) of the new Act.
Paragraph 88‑1(1)(a) and subsections 88‑1(2) and (3) of the new Act do not apply in relation to the application.
This Act’s bill:Explanatory memorandumSecond reading speech
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