Business Law Modernization and Burden Reduction Council Recommendations to Amend Ontario's Business Law Statutes
Bill or Act:
Business Corporations Act; Arthur Wishart Act (Franchise Disclosure), 2000; Personal Property Security Act
Summary of Proposal:
The Ontario Government is focused on ensuring Ontario has modern laws that facilitate a prosperous business climate and reduce burden on business.
To assist in developing recommendations on how to improve Ontario's business law statutes, the Ontario government has established a short-term advisory body called the Business Law Modernization and Burden Reduction Council (the Council). The Council's mandate is to make recommendations to government on how to modernize Ontario's corporate and commercial statutes to support the government's commitment to reduce burden on business and foster a good business climate in Ontario.
The Council has developed several recommendations that the Ministry of Government and Consumer Services is seeking public feedback on. The Ministry requests that interested stakeholders consider whether they would be supportive of the Council's recommendations and what the impacts/risks of the Council's recommendations are.
Please see the attachment below for the Council's recommendations.
October 11, 2019
Comments Due Date:
November 26, 2019
Ministry of Government and Consumer Services, 56 Wellesley St. W, 6th Floor, Toronto ON, M7A 1C1