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Bill PR49, Gilda Investments Limited Act, 2024

Martin, Robin

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Status

Original

Bill PR49 Original (PDF)

EXPLANATORY

NOTE

The

purpose of the Bill is set out in the

Preamble.

Bill PR49 2024

Act to revive Gilda Investments Limited

Preamble

Gilda

Lucy Price has applied for special legislation to revive Gilda Investments

Limited. The applicant represents that her late mother, Hanka Ann Hilary, was

the sole director and shareholder of the corporation when it was dissolved. The

applicant further represents that she is the executor of the estate of the late

Hanka Ann Hilary. The corporation was dissolved under subsection 241 (4) of the

Business Corporations Act on January 21, 1995 for

failure to comply with the Corporations Information Act .

The applicant represents that the default was inadvertent and that business has

been carried on in the name of the corporation despite the dissolution.

is appropriate to grant the application.

Therefore,

His Majesty, by and with the advice and consent of the Legislative Assembly of

the Province of Ontario, enacts as follows:

Corporation

revived

Gilda

Investments Limited is revived and is, subject to any rights acquired by any

person after its dissolution, restored to its legal position, including all its

property, rights, privileges and franchises and subject to all its liabilities,

contracts, disabilities and debts, as of the date of its dissolution, in the

same manner and to the same extent as if it had not been dissolved.

Commencement

This Act comes into force on the day it receives Royal Assent.

Short

title

The

short title of this Act is the Gilda Investments

Limited Act, 2024 .

Date Bill stage Event Outcome Committee

December 12, 2024

First Reading

Ordered for Second Reading

December 12, 2024

First Reading

Vote

Carried

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