Corporate By Laws Requirement

Summary

Corporations incorporated under the Canada Business Corporations Act (CBCA) are required to adopt by-laws as per Section 103(1) and Section 103(2). These by-laws govern the corporations internal management, including procedures for shareholder and director meetings, and other aspects of corporate governance.

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under what legal provisions
Under the Canada Business Corporations Act (CBCA), the legal provisions regarding by-laws for corporations are primarily found in:
- Section *(*): A corporation must adopt by-laws to regulate its business and affairs.
- Section *(*): By-laws must address the procedures for shareholder and director meetings, and other aspects of corporate governance.
Would you like more information on specific elements that should be included in these by-laws?
what is the mandatory basis
Under the Canada Business Corporations Act (CBCA), the mandatory basis for by-laws is found in:
- Section *(*): Corporations must adopt by-laws to regulate their business and affairs.
- Section *(*): By-laws must cover procedures for shareholder and director meetings, and other governance aspects.
Would you like more details on what specific elements should be included in these by-laws?