Canada Business Corporations Act, the Canada Cooperatives Act, the Canada Not-for-profit Corporations Act, and the Competition Act Bill C-25 (42-1) Status: Royal assent received Type: House Government Bill Sponsor: Navdeep Bains, Minister of Innovation, Science and Economic Development (Mississauga—Malton) Latest stage: Royal assent Legislative

summary <div>A legislative

summary is currently being prepared for this bill by the Parliamentary Information and Research Service of the Library of Parliament. Meanwhile, the following executive

summary is available. <br/><br/>On September 2016, Minister of Innovation, Science and Economic Development introduced Bill C-25,

An Act to amend the

Canada Business Corporations Act, the Canada Cooperatives Act, the Canada Not-for-profit Corporations Act, and the Competition Act, in the House of Commons and it was given first reading.<br/><br/>Part amends the

Canada Business Corporations Act, the Canada Cooperatives Act and the Canada Not-for-profit Corporations Act to, among other things,<br/><br/>• reform some aspects of the process for electing directors of certain corporations and cooperatives;<br/><br/>• modernize communications between corporations or cooperatives and their shareholders or members;<br/><br/>• clarify that corporations and cooperatives are prohibited from issuing share certificates and warrants, in bearer form; and<br/><br/>• require certain corporations to place before the shareholders, at every annual meeting, information respecting diversity among directors and the members of senior management.<br/><br/>Part amends the Competition Act to expand the concept of affiliation to a broader range of business organizations.</div> House of Commons — First reading: Completed (2016-09-28) House of Commons — Second reading: Completed (2016-12-09) House of Commons — Consideration in committee: Completed (2017-03-22) House of Commons — Report stage: Completed (2017-06-21) House of Commons — Third reading: Completed (2017-06-21) Senate — First reading: Completed (2017-06-21) Senate — Second reading: Completed (2017-11-23) Senate — Consideration in committee: Completed (2017-12-14) Senate — Report stage: Completed (2018-02-07) Senate — Third reading: Completed (2018-03-22) LEGISinfo: https://www.parl.ca/legisinfo/en/bill/42-1/c-25