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OntarioPassed42nd Parliament, 1st Session

Bill PR26 explained in plain English

2585303 Ontario Inc. Act, 2020

Ontario legislature bill summary, status, timeline, sponsor, votes, and official sources.

At a glance

Jurisdiction
Ontario Legislature
Legislature / Parliament
Legislative Assembly of Ontario
Session
42nd Parliament, 1st Session
Bill number
Bill PR26
Full title
2585303 Ontario Inc. Act, 2020
Current status
Passed
Latest event
Royal Assent received
Last updated
Dec 9, 2020

Official Legislative Assembly of Ontario snapshot for 42nd Parliament, 1st Session. Representative vote breakdowns appear when the Assembly publishes an Ayes and Nays page for the bill.

Chamber
Legislative Assembly of Ontario
Current Stage
Royal Assent received
Latest Activity
Dec 9, 2020
Plain-language explanation
In plain English (our explanation)

Our plain-language take, written for civic education.

Source: By PoliticalData.ca

AI-assisted, reviewed before publishing
Short Version

Bill PR26 revives the corporation 2585303 Ontario Inc., restoring it to its legal position as if it had never been dissolved.

What It Means

This Act, the 2585303 Ontario Inc. Act, 2020, revives the corporation 2585303 Ontario Inc. The corporation was dissolved on April 8, 1995, due to non-compliance with section 115 of the Business Corporations Act. The Act restores the corporation to its legal standing as if it had never been dissolved, including its property, rights, privileges, liabilities, contracts, disabilities, and debts, subject to any rights acquired by others after its dissolution. The Act came into force on the day it received Royal Assent.

What This Bill Does
  • Revives the corporation named 2585303 Ontario Inc.
  • Restores the corporation to its legal position, including property, rights, privileges, liabilities, contracts, disabilities, and debts, as if it had not been dissolved.
  • Ensures the revival is subject to any rights acquired by any person after the corporation's dissolution.
  • Specifies that the Act comes into force on the day it receives Royal Assent.
Who Is Affected
  • 2585303 Ontario Inc.
  • Pradeepraj Mani (applicant and former director)
  • The public and any persons who acquired rights after the dissolution of 2585303 Ontario Inc.
Rights, Duties, Or Obligations
  • 2585303 Ontario Inc. is restored to all its property, rights, privileges, and franchises.
  • 2585303 Ontario Inc. is subject to all its liabilities, contracts, disabilities, and debts.
  • The revival is subject to rights acquired by any person after the corporation's dissolution.
Important Dates
  • The corporation was dissolved on April 8, 1995.
  • The Act received Royal Assent on December 9, 2020, and came into force on that day.
Uncertainties Or Limits
  • The Act states that the revival is subject to any rights acquired by any person after the corporation's dissolution. The specific nature and extent of these rights are not detailed in the Act.
  • The Act does not specify the exact business activities or circumstances that led to the corporation continuing to carry on business despite its dissolution.
Laws Or Regulations Affected
Business Corporations Act
affected

The dissolution of 2585303 Ontario Inc. occurred under this Act for failure to comply with section 115. The revival by Bill PR26 overrides this dissolution.

Source: Preamble

2585303 Ontario Inc. Act, 2020
commencement

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

Source: Section 2

Generated using AI from official bill text. Not legal advice. It is written by PoliticalData.ca for civic education, automatically checked and spot-reviewed before publishing.

Official text

Process Snapshot

Step 1
First reading
Dec 8, 2020
Step 2
Second reading
Dec 8, 2020
Step 3
Committee review
Oct 21, 2020
Step 4
Third reading
Dec 8, 2020
Step 5
Royal assent
Dec 9, 2020

Vote Summary

No published recorded division

This bill does not have a published recorded division in the current official sources, so representative-by-representative vote counts are not shown.

Sponsor
Vijay Thanigasalam
Progressive Conservative Party of Ontario | Scarborough—Rouge Park
Jurisdiction
Ontario Legislature

No published representative vote breakdown

The current official sources do not publish a recorded division breakdown for this bill, so there is no representative-by-representative table to show.

Official sources

Status, sponsor, votes, and timeline on this page are drawn from these official legislative sources and public records. Each summary above is attributed to its own source.

How this data is sourced