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BC Ltd Amalgamations Constraints #18545

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Mihai-QuickSilverDev opened this issue Nov 14, 2023 · 0 comments
Open
10 tasks

BC Ltd Amalgamations Constraints #18545

Mihai-QuickSilverDev opened this issue Nov 14, 2023 · 0 comments
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@Mihai-QuickSilverDev
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Mihai-QuickSilverDev commented Nov 14, 2023

  • A BC amalgamation may be comprised of any combination of one or more BC companies with one or more Foreign Companies.
  • A BC Limited company and a BC Unlimited Liability Company can amalgamate to become a BC Limited Company.
  • Amalgamations resulting in a BC Limited Company, Affects Regular, Vertical and Horizontal amalgamation forms and on-line transactions.
  • NOA must not contain the Unlimited Liability Company statement referred to in Section 51.11.
  • New name of the company cannot contain “Unlimited Liability Company", “Community Contribution Company” or its abbreviation “ULC" or “CCC”.
  • A BC Company cannot amalgamate with an existing Unlimited Liability Company from Alberta, Nova Scotia, or the USA to form a BC Unlimited Liability Company.
  • A BC Company cannot amalgamate with an existing Unlimited Liability Company from Alberta, Nova Scotia, or the USA to form a BC Limited Company.
  • A BC Company cannot amalgamate with an existing foreign corporation to form a BC Unlimited Liability Company.
  • A BC Company can amalgamate with an existing foreign corporation to form a BC Limited Company.
  • A BC Limited Company and BC Community Contribution Company can amalgamate but must form a BC Community Contribution Company.
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