Canada Business Corporations Regulations, 2001
96 (1) For the purpose of subsection 265.1(1) of the Act, the prescribed circumstances are that
(a) there is an obvious error in the articles or in the related certificate;
(b) there is an error in the articles or in the related certificate that was made by the Director;
(c) the cancellation of the articles and related certificate is ordered by a court; or
(d) the Director lacked the authority to issue the articles and related certificate.
(2) For the purpose of subsection 265.1(3) of the Act, the prescribed circumstances are that there is no dispute among the directors or shareholders as to the circumstances of the request for cancellation and
(a) the corporation has not used the articles and related certificate; or
(b) if it has used them, anyone dealing with the corporation on the basis of the articles and related certificate has consented to the cancellation.
- SOR/2010-128, s. 20
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