New company management recordkeeping necessities for personal companies regulated by the Canada Enterprise Companies Act could also be related to your subsequent M&A deal

Commencing June 13, 2019 personal companies ruled by the Canada Enterprise Companies Act (the “CBCA”) shall be required to take care of a register (the “Register”) of people who, immediately or not directly, have important management over the company (an “ISC”). The federal government of Canada’s acknowledged goal of the Register is to offer higher transparency over who owns or controls a company with a view to help governmental authorities and regulation enforcement companies with issues resembling tax evasion and cash l