On April 29, 2016, a new Societies Transitional Regulation was made (OIC 677/2015). The updated regulation clarifies the “individual” special resolution bylaw change interpretation, allows special resolutions under the old Society Act to continue under the new Societies Act, and clarifies that societies cannot alter unalterable provisions or reporting society provisions until a special resolution is passed or consented to after a transition application is filed.
Tag: Regulations
Regulations: Societies Regulations released
The Regulations under the new BC Societies Act (“the Act”) are now available. The Societies Regulation details certain requirements for society names, the default Model Bylaws, various fees, the Reporting Society Provisions, and directions on how to report on remuneration of directors, employees and contractors. It also contains provisions on Directors and Senior Managers who are 16 and 17 years old. The Model Bylaws will be dealt with in another post.