Bill PR49 explained in plain English
2343967 Ontario Inc. Act, 2026
Ontario legislature bill summary, status, timeline, sponsor, votes, and official sources.
At a glance
Official Legislative Assembly of Ontario snapshot for 44th Parliament, 1st Session. Representative vote breakdowns appear when the Assembly publishes an Ayes and Nays page for the bill.
Our plain-language take, written for civic education.
Source: By PoliticalData.ca
Bill PR49 revives 2343967 Ontario Inc., a dissolved corporation, restoring it to its legal position as of its dissolution date on November 29, 2024.
Bill PR49 is a special law that revives a corporation called 2343967 Ontario Inc., which was dissolved on November 29, 2024. Muhammad Haseeb Sheikh, who was a director of the corporation, applied for this special legislation to bring the corporation back to life so he can carry on business in its name and deal with property that the corporation owned before it was dissolved. Once revived, the corporation is restored to its full legal position with all its property, rights, and privileges as they existed at the time of dissolution, except for any rights that other people may have acquired after the dissolution. The law came into force on June 2, 2026, the date it received Royal Assent.
- Revives the corporation 2343967 Ontario Inc., which was dissolved under the Business Corporations Act on November 29, 2024
- Restores the corporation to its full legal position, including all property, rights, privileges, and franchises that it had at the time of dissolution
- Restores all liabilities, contracts, disabilities, and debts of the corporation
- Allows Muhammad Haseeb Sheikh, the former director, to carry on business in the corporation's name and deal with property held by the corporation
- Preserves any legal rights that other people acquired after the corporation's dissolution
- Muhammad Haseeb Sheikh (the former director who applied for the revival)
- The corporation 2343967 Ontario Inc.
- Creditors and other parties with claims against the corporation
- Persons who acquired rights to the corporation's property after its dissolution
- The revived corporation is subject to all its liabilities, contracts, disabilities, and debts that existed at dissolution
- The corporation is restored to the same legal position it had before dissolution, subject to rights acquired by other persons after its dissolution
- Muhammad Haseeb Sheikh can carry on business in the corporation's name and deal with the corporation's property
- November 29, 2024 - Date when 2343967 Ontario Inc. was dissolved under the Business Corporations Act
- June 2, 2026 - Date the bill received Royal Assent and came into force
- The bill does not specify what 'rights acquired by any person after its dissolution' means or how such rights would be determined
- The bill does not provide details about what property or contracts the corporation held at the time of dissolution
- The bill does not explain the process for dealing with the corporation's property or how creditors will be treated
- It is unclear whether the revival affects the corporation's tax status or standing with government agencies
The corporation is revived despite having been dissolved under this Act, restoring it to its legal position and allowing it to operate again
Source: Preamble
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 textProcess Snapshot
Vote Summary
This bill does not have a published recorded division in the current official sources, so representative-by-representative vote counts are not shown.
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