S-25.1 - Act respecting the sociétés d’entraide économique

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190. In addition to the regulatory powers that are conferred on it by this Act, the Government may, by regulation
(1)  establish or prohibit one or several modes of remuneration applicable to the executive officers or employees of a company and determine in that respect classes of persons and the rules applicable to each class;
(2)  establish rules respecting the nature and amount of tariffs and fees that may be imposed on depositors and borrowers of a company and provide for cases where such tariffs and fees are forbidden;
(3)  determine the time at which depositors of a company must be informed of the tariffs pertaining to their deposits and the terms and conditions according to which they must be informed;
(4)  provide for the cases where a company may receive deposits transferable by order to third parties;
(5)  determine the time at which the depositors of a company must be informed of the interest rates pertaining to their deposits, the terms and conditions according to which they must be informed and the mode of calculation of interest paid;
(6)  determine the form of inspection reports made for the Autorité des marchés financiers and the information that they must contain;
(7)  determine the nature, form and tenor of books, accounts and registers that must be kept by a company and the manner in which they must be kept;
(8)  define, for the purposes of the application of each of the sections where they appear, the expressions “not dealing at arm’s length”, “related person” and “excess of assets over liabilities”;
(9)  determine the procedure to be followed and the notices to be given before the Minister suspends the powers of the board of directors of a company;
(10)  determine the methods to be followed in order to evaluate the assets and liabilities of a company;
(11)  prescribe the nature of audits respecting the statements and reports that a company must file with the Autorité des marchés financiers and the form of the auditor’s attestation;
(12)  establish the standards respecting reserves for doubtful debts that must be maintained by companies;
(13)  establish the mode of accounting that must be adopted by companies;
(14)  establish standards applicable to companies on any subject in financial and administrative matters;
(15)  determine the insurance that a company must take to insure itself against risks of fire, theft, civil and employer liability and embezzlement of funds by its executive officers and the amounts of such insurance;
(16)  prescribe the loans to be deducted from the aggregate of the loans contemplated in sections 104 and 113;
(17)  prescribe the information that must contain the disclosure contemplated in section 110 and the notice contemplated in section 121;
(18)  provide in a regulation made under subparagraphs 1 to 3, 5, 12 to 15 and section 107, paragraph 3 of section 108 and section 115 that it replaces any standard established under section 168;
(19)  determine the investments contemplated in paragraph 3 of section 112 and the assets contemplated in paragraph 5 of section 124;
(20)  determine the percentages contemplated in sections 104, 113 and 126;
(21)  determine the rules according to which the federation may make advances to the companies in accordance with section 185;
(21.1)  define, for the purposes of sections 53.1 and 200.1, the term “person who is physically or mentally disabled” and determine the conditions to be filled by a person contemplated in those sections in order for the company to acquire his shares or refund his deposits, as the case may be;
(22)  make in respect of the Fédération des sociétés d’entraide économique du Québec, or render applicable to it, with or without amendment, the regulations that the Government may make under this Act;
(23)  adopt, for the purposes of Title I, any provision allowing to make up for any omission in order to ensure the continuance of any union as a société d’entraide économique;
(24)  adopt any transitional provisions and other measures necessary to allow the application of this Act.
1981, c. 31, s. 190; 1982, c. 15, s. 117; 1982, c. 52, s. 246; 2002, c. 45, s. 564; 2004, c. 37, s. 90.
190. In addition to the regulatory powers that are conferred on it by this Act, the Government may, by regulation
(1)  establish or prohibit one or several modes of remuneration applicable to the executive officers or employees of a company and determine in that respect classes of persons and the rules applicable to each class;
(2)  establish rules respecting the nature and amount of tariffs and fees that may be imposed on depositors and borrowers of a company and provide for cases where such tariffs and fees are forbidden;
(3)  determine the time at which depositors of a company must be informed of the tariffs pertaining to their deposits and the terms and conditions according to which they must be informed;
(4)  provide for the cases where a company may receive deposits transferable by order to third parties;
(5)  determine the time at which the depositors of a company must be informed of the interest rates pertaining to their deposits, the terms and conditions according to which they must be informed and the mode of calculation of interest paid;
(6)  determine the form of inspection reports made for the Agence nationale d’encadrement du secteur financier and the information that they must contain;
(7)  determine the nature, form and tenor of books, accounts and registers that must be kept by a company and the manner in which they must be kept;
(8)  define, for the purposes of the application of each of the sections where they appear, the expressions “not dealing at arm’s length”, “related person” and “excess of assets over liabilities”;
(9)  determine the procedure to be followed and the notices to be given before the Minister suspends the powers of the board of directors of a company;
(10)  determine the methods to be followed in order to evaluate the assets and liabilities of a company;
(11)  prescribe the nature of audits respecting the statements and reports that a company must file with the Agence nationale d’encadrement du secteur financier and the form of the auditor’s attestation;
(12)  establish the standards respecting reserves for doubtful debts that must be maintained by companies;
(13)  establish the mode of accounting that must be adopted by companies;
(14)  establish standards applicable to companies on any subject in financial and administrative matters;
(15)  determine the insurance that a company must take to insure itself against risks of fire, theft, civil and employer liability and embezzlement of funds by its executive officers and the amounts of such insurance;
(16)  prescribe the loans to be deducted from the aggregate of the loans contemplated in sections 104 and 113;
(17)  prescribe the information that must contain the disclosure contemplated in section 110 and the notice contemplated in section 121;
(18)  provide in a regulation made under subparagraphs 1 to 3, 5, 12 to 15 and section 107, paragraph 3 of section 108 and section 115 that it replaces any standard established under section 168;
(19)  determine the investments contemplated in paragraph 3 of section 112 and the assets contemplated in paragraph 5 of section 124;
(20)  determine the percentages contemplated in sections 104, 113 and 126;
(21)  determine the rules according to which the federation may make advances to the companies in accordance with section 185;
(21.1)  define, for the purposes of sections 53.1 and 200.1, the term “person who is physically or mentally disabled” and determine the conditions to be filled by a person contemplated in those sections in order for the company to acquire his shares or refund his deposits, as the case may be;
(22)  make in respect of the Fédération des sociétés d’entraide économique du Québec, or render applicable to it, with or without amendment, the regulations that the Government may make under this Act;
(23)  adopt, for the purposes of Title I, any provision allowing to make up for any omission in order to ensure the continuance of any union as a société d’entraide économique;
(24)  adopt any transitional provisions and other measures necessary to allow the application of this Act.
1981, c. 31, s. 190; 1982, c. 15, s. 117; 1982, c. 52, s. 246; 2002, c. 45, s. 564.
190. In addition to the regulatory powers that are conferred on it by this Act, the Government may, by regulation
(1)  establish or prohibit one or several modes of remuneration applicable to the executive officers or employees of a company and determine in that respect classes of persons and the rules applicable to each class;
(2)  establish rules respecting the nature and amount of tariffs and fees that may be imposed on depositors and borrowers of a company and provide for cases where such tariffs and fees are forbidden;
(3)  determine the time at which depositors of a company must be informed of the tariffs pertaining to their deposits and the terms and conditions according to which they must be informed;
(4)  provide for the cases where a company may receive deposits transferable by order to third parties;
(5)  determine the time at which the depositors of a company must be informed of the interest rates pertaining to their deposits, the terms and conditions according to which they must be informed and the mode of calculation of interest paid;
(6)  determine the form of inspection reports made for the Inspector General and the information that they must contain;
(7)  determine the nature, form and tenor of books, accounts and registers that must be kept by a company and the manner in which they must be kept;
(8)  define, for the purposes of the application of each of the sections where they appear, the expressions “not dealing at arm’s length”, “related person” and “excess of assets over liabilities”;
(9)  determine the procedure to be followed and the notices to be given before the Minister suspends the powers of the board of directors of a company;
(10)  determine the methods to be followed in order to evaluate the assets and liabilities of a company;
(11)  prescribe the nature of audits respecting the statements and reports that a company must file with the Inspector General and the form of the auditor’s attestation;
(12)  establish the standards respecting reserves for doubtful debts that must be maintained by companies;
(13)  establish the mode of accounting that must be adopted by companies;
(14)  establish standards applicable to companies on any subject in financial and administrative matters;
(15)  determine the insurance that a company must take to insure itself against risks of fire, theft, civil and employer liability and embezzlement of funds by its executive officers and the amounts of such insurance;
(16)  prescribe the loans to be deducted from the aggregate of the loans contemplated in sections 104 and 113;
(17)  prescribe the information that must contain the disclosure contemplated in section 110 and the notice contemplated in section 121;
(18)  provide in a regulation made under subparagraphs 1 to 3, 5, 12 to 15 and section 107, paragraph 3 of section 108 and section 115 that it replaces any standard established under section 168;
(19)  determine the investments contemplated in paragraph 3 of section 112 and the assets contemplated in paragraph 5 of section 124;
(20)  determine the percentages contemplated in sections 104, 113 and 126;
(21)  determine the rules according to which the federation may make advances to the companies in accordance with section 185;
(21.1)  define, for the purposes of sections 53.1 and 200.1, the term “person who is physically or mentally disabled” and determine the conditions to be filled by a person contemplated in those sections in order for the company to acquire his shares or refund his deposits, as the case may be;
(22)  make in respect of the Fédération des sociétés d’entraide économique du Québec, or render applicable to it, with or without amendment, the regulations that the Government may make under this Act;
(23)  adopt, for the purposes of Title I, any provision allowing to make up for any omission in order to ensure the continuance of any union as a société d’entraide économique;
(24)  adopt any transitional provisions and other measures necessary to allow the application of this Act.
1981, c. 31, s. 190; 1982, c. 15, s. 117; 1982, c. 52, s. 246.
190. In addition to the regulatory powers that are conferred on it by this Act, the Government may, by regulation
(1)  establish or prohibit one or several modes of remuneration applicable to the executive officers or employees of a company and determine in that respect classes of persons and the rules applicable to each class;
(2)  establish rules respecting the nature and amount of tariffs and fees that may be imposed on depositors and borrowers of a company and provide for cases where such tariffs and fees are forbidden;
(3)  determine the time at which depositors of a company must be informed of the tariffs pertaining to their deposits and the terms and conditions according to which they must be informed;
(4)  provide for the cases where a company may receive deposits transferable by order to third parties;
(5)  determine the time at which the depositors of a company must be informed of the interest rates pertaining to their deposits, the terms and conditions according to which they must be informed and the mode of calculation of interest paid;
(6)  determine the form of inspection reports made for the superintendent and the information that they must contain;
(7)  determine the nature, form and tenor of books, accounts and registers that must be kept by a company and the manner in which they must be kept;
(8)  define, for the purposes of the application of each of the sections where they appear, the expressions “not dealing at arm’s length”, “related person” and “excess of assets over liabilities”;
(9)  determine the procedure to be followed and the notices to be given before the Minister suspends the powers of the board of directors of a company;
(10)  determine the methods to be followed in order to evaluate the assets and liabilities of a company;
(11)  prescribe the nature of audits respecting the statements and reports that a company must file with the superintendent and the form of the auditor’s attestation;
(12)  establish the standards respecting reserves for doubtful debts that must be maintained by companies;
(13)  establish the mode of accounting that must be adopted by companies;
(14)  establish standards applicable to companies on any subject in financial and administrative matters;
(15)  determine the insurance that a company must take to insure itself against risks of fire, theft, civil and employer liability and embezzlement of funds by its executive officers and the amounts of such insurance;
(16)  prescribe the loans to be deducted from the aggregate of the loans contemplated in sections 104 and 113;
(17)  prescribe the information that must contain the disclosure contemplated in section 110 and the notice contemplated in section 121;
(18)  provide in a regulation made under subparagraphs 1 to 3, 5, 12 to 15 and section 107, paragraph 3 of section 108 and section 115 that it replaces any standard established under section 168;
(19)  determine the investments contemplated in paragraph 3 of section 112 and the assets contemplated in paragraph 5 of section 124;
(20)  determine the percentages contemplated in sections 104, 113 and 126;
(21)  determine the rules according to which the federation may make advances to the companies in accordance with section 185;
(21.1)  define, for the purposes of sections 53.1 and 200.1, the term “person who is physically or mentally disabled” and determine the conditions to be filled by a person contemplated in those sections in order for the company to acquire his shares or refund his deposits, as the case may be;
(22)  make in respect of the Fédération des sociétés d’entraide économique du Québec, or render applicable to it, with or without amendment, the regulations that the Government may make under this Act;
(23)  adopt, for the purposes of Title I, any provision allowing to make up for any omission in order to ensure the continuance of any union as a société d’entraide économique;
(24)  adopt any transitional provisions and other measures necessary to allow the application of this Act.
1981, c. 31, s. 190; 1982, c. 15, s. 117.
190. In addition to the regulatory powers that are conferred on it by this Act, the Government may, by regulation
(1)  establish or prohibit one or several modes of remuneration applicable to the executive officers or employees of a company and determine in that respect classes of persons and the rules applicable to each class;
(2)  establish rules respecting the nature and amount of tariffs and fees that may be imposed on depositors and borrowers of a company and provide for cases where such tariffs and fees are forbidden;
(3)  determine the time at which depositors of a company must be informed of the tariffs pertaining to their deposits and the terms and conditions according to which they must be informed;
(4)  provide for the cases where a company may receive deposits transferable by order to third parties;
(5)  determine the time at which the depositors of a company must be informed of the interest rates pertaining to their deposits, the terms and conditions according to which they must be informed and the mode of calculation of interest paid;
(6)  determine the form of inspection reports made for the superintendent and the information that they must contain;
(7)  determine the nature, form and tenor of books, accounts and registers that must be kept by a company and the manner in which they must be kept;
(8)  define, for the purposes of the application of each of the sections where they appear, the expressions “not dealing at arm’s length”, “related person” and “excess of assets over liabilities”;
(9)  determine the procedure to be followed and the notices to be given before the Minister suspends the powers of the board of directors of a company;
(10)  determine the methods to be followed in order to evaluate the assets and liabilities of a company;
(11)  prescribe the nature of audits respecting the statements and reports that a company must file with the superintendent and the form of the auditor’s attestation;
(12)  establish the standards respecting reserves for doubtful debts that must be maintained by companies;
(13)  establish the mode of accounting that must be adopted by companies;
(14)  establish standards applicable to companies on any subject in financial and administrative matters;
(15)  determine the insurance that a company must take to insure itself against risks of fire, theft, civil and employer liability and embezzlement of funds by its executive officers and the amounts of such insurance;
(16)  prescribe the loans to be deducted from the aggregate of the loans contemplated in sections 104 and 113;
(17)  prescribe the information that must contain the disclosure contemplated in section 110 and the notice contemplated in section 121;
(18)  provide in a regulation made under subparagraphs 1 to 3, 5, 12 to 15 and section 107, paragraph 3 of section 108 and section 115 that it replaces any standard established under section 168;
(19)  determine the investments contemplated in paragraph 3 of section 112 and the assets contemplated in paragraph 5 of section 124;
(20)  determine the percentages contemplated in sections 104, 113 and 126;
(21)  determine the rules according to which the federation may make advances to the companies in accordance with section 185;
(22)  make in respect of the Fédération des sociétés d’entraide économique du Québec, or render applicable to it, with or without amendment, the regulations that the Government may make under this Act;
(23)  adopt, for the purposes of Title I, any provision allowing to make up for any omission in order to ensure the continuance of any union as a société d’entraide économique;
(24)  adopt any transitional provisions and other measures necessary to allow the application of this Act.
1981, c. 31, s. 190.