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OntarioPassed42nd Parliament, 1st Session

Bill PR46 explained in plain English

Shuang Ying Company Ltd. Act, 2021

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 PR46
Full title
Shuang Ying Company Ltd. Act, 2021
Current status
Passed
Latest event
Royal Assent received
Last updated
Jun 3, 2021
Sponsor

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
Jun 3, 2021
Sponsor
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

The Shuang Ying Company Ltd. Act, 2021, revives the dissolved corporation Shuang Ying Company Ltd. to allow it to collect debts owed to it, restoring it to its prior legal status.

What It Means

This private bill, the Shuang Ying Company Ltd. Act, 2021, revives the corporation named Shuang Ying Company Ltd. The company was dissolved on March 18, 2016, under the Business Corporations Act. The applicant, who was the sole shareholder at the time of dissolution, wishes to revive the company to collect money owed to it. Upon revival, the company is restored to its legal position as if it had not been dissolved, including its property, rights, privileges, franchises, liabilities, contracts, disabilities, and debts, subject to any rights acquired by others after its dissolution.

What This Bill Does
  • Revives the corporation Shuang Ying Company Ltd.
  • Restores Shuang Ying Company Ltd. to its legal position as of the date of its dissolution, including its property, rights, privileges, franchises, liabilities, contracts, disabilities, and debts.
  • Ensures the revival is subject to any rights acquired by any person after the corporation's dissolution.
Who Is Affected
  • Shuang Ying Company Ltd.
  • Xiaobo Cheng (sole shareholder at dissolution)
  • Persons who acquired rights after the dissolution of Shuang Ying Company Ltd.
Rights, Duties, Or Obligations
  • Shuang Ying Company Ltd. is restored to all its property, rights, privileges, and franchises.
  • Shuang Ying Company Ltd. is subject to all its liabilities, contracts, disabilities, and debts.
  • The revival is subject to any rights acquired by any person after the company's dissolution.
Important Dates
  • The Act received Royal Assent on June 3, 2021, which is when it came into force.
  • Shuang Ying Company Ltd. was dissolved on March 18, 2016.
Financial Or Tax Impacts
  • The purpose of reviving the company is to collect certain monies owing to it.
Uncertainties Or Limits
  • The revival of the corporation is subject to any rights acquired by any person after its dissolution, the specifics of which are not detailed in the bill.
Laws Or Regulations Affected
Business Corporations Act
affected by revival

The dissolution of Shuang Ying Company Ltd. under this Act is reversed by this private bill.

Source: Preamble

Shuang Ying Company Ltd. Act, 2021
commencement

This Act came into force on the day it received 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
Jun 2, 2021
Step 2
Second reading
Jun 2, 2021
Step 3
Committee review
May 12, 2021
Step 4
Third reading
Jun 2, 2021
Step 5
Royal assent
Jun 3, 2021

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
Stan Cho
Progressive Conservative Party of Ontario | Willowdale
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