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S-29.1 - Act respecting Québec business investment companies

Section 8
Disposition versions

Full text
8. Registration of a company is revoked of right upon the occurrence of any of the following events:
(1)  upon the company’s dissolution;
(2)  upon adoption or approval, by the shareholders of the company, of a resolution to wind it up;
(3)  upon the company’s being placed under a winding-up order for a reason other than bankruptcy or insolvency;
(4)  upon the company’s being placed under a receiving order pursuant to the Bankruptcy and Insolvency Act (Revised Statutes of Canada, 1985, chapter B-3) or having made an assignment of its property within the meaning of the said Act;
(5)  upon reduction to less than $50,000 of the paid-up capital of the common shares with full voting rights, held by natural persons, of a company having made and holding a qualified investment;
(6)  upon the adoption or approval by the company’s shareholders of a resolution ordering the amalgamation of the company.
1985, c. 9, s. 8; 1986, c. 113, s. 3; 1988, c. 80, s. 6; 1989, c. 72, s. 6; 1991, c. 17, s. 3; 1992, c. 45, s. 1; 2000, c. 39, s. 277.
8. Registration of a company is revoked of right upon the occurrence of any of the following events:
(1)  upon the company’s dissolution;
(2)  upon adoption or approval, by the shareholders of the company, of a resolution to wind it up;
(3)  upon the company’s being placed under a winding-up order for a reason other than bankruptcy or insolvency;
(4)  upon the company’s being placed under a receiving order pursuant to the Bankruptcy and Insolvency Act (Revised Statutes of Canada, 1985, chapter B-3) or having made an assignment of its property within the meaning of the said Act;
(5)  upon reduction to less than $50 000 of the paid-up capital of the common shares with full voting rights of a company having made and holding a qualified investment;
(6)  upon the adoption or approval by the company’s shareholders of a resolution ordering the amalgamation of the company.
1985, c. 9, s. 8; 1986, c. 113, s. 3; 1988, c. 80, s. 6; 1989, c. 72, s. 6; 1991, c. 17, s. 3; 1992, c. 45, s. 1.
8. Registration of a company is revoked of right upon the occurrence of any of the following events:
(1)  upon the company’s dissolution;
(2)  upon adoption or approval, by the shareholders of the company, of a resolution to wind it up;
(3)  upon the company’s being placed under a winding-up order for a reason other than bankruptcy or insolvency;
(4)  upon the company’s being placed under a receiving order pursuant to the Bankruptcy Act (Revised Statutes of Canada, 1985, chapter B-3) or having made an assignment of its property within the meaning of the said Act;
(5)  upon reduction to less than $50 000 of the paid-up capital of the common shares with full voting rights of a company having made and holding a qualified investment;
(6)  upon the adoption or approval by the company’s shareholders of a resolution ordering the amalgamation of the company.
1985, c. 9, s. 8; 1986, c. 113, s. 3; 1988, c. 80, s. 6; 1989, c. 72, s. 6; 1991, c. 17, s. 3; 1992, c. 45, s. 1.
8. Registration of a company is revoked of right upon the occurrence of any of the following events:
(1)  upon the company’s dissolution;
(2)  upon adoption or approval, by the shareholders of the company, of a resolution to wind it up;
(3)  upon the company’s being placed under a winding-up order for a reason other than bankruptcy or insolvency;
(4)  upon the company’s being placed under a receiving order pursuant to the Bankruptcy Act (Revised Statutes of Canada, 1985, chapter B-3) or having made an assignment of its property within the meaning of the said Act;
(5)  upon reduction of the paid-up capital in respect of the common shares with full voting rights of a company having made and holding a qualified investment
(a)  either, after 1 May 1986, to less than $100 000 in the case of a company which, during the 24 months preceding the date on which the paid-up capital was reduced, has made and still holds a qualified investment outside a designated region;
(b)  or, after 12 May 1988, to less than $50 000 in every other case.
(6)  upon the adoption or approval by the company’s shareholders of a resolution ordering the amalgamation of the company.
1985, c. 9, s. 8; 1986, c. 113, s. 3; 1988, c. 80, s. 6; 1989, c. 72, s. 6; 1991, c. 17, s. 3.
8. Registration of a company is revoked of right upon the occurrence of any of the following events:
(1)  upon the company’s dissolution;
(2)  upon adoption or approval, by the shareholders of the company, of a resolution to wind it up;
(3)  upon the company’s being placed under a winding-up order for a reason other than bankruptcy or insolvency;
(4)  upon the company’s being placed under a receiving order pursuant to the Bankruptcy Act (Revised Statutes of Canada, 1985, chapter B-3) or having made an assignment of its property within the meaning of the said Act;
(5)  upon reduction of the paid-up capital in respect of the company’s common shares with full voting rights
(a)  either, after 1 May 1986, to less than $100 000 in the case of a company which, during the 24 months preceding the date on which the paid-up capital was reduced, has made and still holds a qualified investment outside a designated region;
(b)  or, after 12 May 1988, to less than $50 000 in every other case.
(6)  upon the adoption or approval by the company’s shareholders of a resolution ordering the amalgamation of the company.
1985, c. 9, s. 8; 1986, c. 113, s. 3; 1988, c. 80, s. 6; 1989, c. 72, s. 6.
8. Registration of a company is revoked of right upon the occurrence of any of the following events:
(1)  upon the company’s dissolution;
(2)  upon adoption or approval, by the shareholders of the company, of a resolution to wind it up;
(3)  upon the company’s being placed under a winding-up order for a reason other than bankruptcy or insolvency;
(4)  upon the company’s being placed under a receiving order pursuant to the Bankruptcy Act (Revised Statutes of Canada, 1985, chapter B-3) or having made an assignment of its property within the meaning of the said Act;
(5)  upon a reduction, after 1 May 1986, of the paid-up capital in respect of the company’s shares to less than $100 000 or, where the company is a regional company or an employee-owned regional company, upon a reduction, after 12 May 1988, of the paid-up capital in respect of its shares to less than $50 000;
(6)  upon the adoption or approval by the company’s shareholders of a resolution ordering the amalgamation of the company.
1985, c. 9, s. 8; 1986, c. 113, s. 3; 1988, c. 80, s. 6.
8. Registration of a company is revoked of right upon the occurrence of any of the following events:
(1)  upon the company’s dissolution;
(2)  upon adoption or approval, by the shareholders of the company, of a resolution to wind it up;
(3)  upon the company’s being placed under a winding-up order for a reason other than bankruptcy or insolvency;
(4)  upon the company’s being placed under a receiving order pursuant to the Bankruptcy Act (Revised Statutes of Canada, 1970, chapter B-3) or having made an assignment of its property within the meaning of the said Act;
(5)  upon the reduction by the company, after 1 May 1986, of the paid-up capital in respect of its shares to less than $100 000;
(6)  upon the adoption or approval by the company’s shareholders of a resolution ordering the amalgamation of the company.
1985, c. 9, s. 8; 1986, c. 113, s. 3.
8. Registration of a company is void of rights
(1)  upon the company’s dissolution;
(2)  upon adoption or approval, by the shareholders of the company, of a resolution to wind it up;
(3)  upon the company’s being placed under a winding-up order for a reason other than bankruptcy or insolvency;
(4)  upon the company’s being placed under a receiving order pursuant to the Bankruptcy Act (Revised Statutes of Canada, 1970, chapter B-3) or having made an assignment of its property within the meaning of the said Act.
1985, c. 9, s. 8.
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