Maintaining Your Manitoba Corporation

Did you know that your corporation is required to complete certain annual resolutions and filings every year? This article provides an overview of how to maintain a corporation incorporated under The Corporations Act (Manitoba) (the "Act"). Most other jurisdictions in Canada, including those incorporated federally under the Canada Business Corporations Act, have the same or similar requirements.

Annual Resolutions

The Act requires that the directors of the corporation call an annual meeting of the shareholders not later than 18 months after the corporation comes into existence, and subsequently not later than 15 months after holding each preceding annual meeting.

If the directors and shareholders of the corporation prefer to dispense with a meeting, they have the option to pass written resolutions provided that the directors' resolutions are signed by all of the directors of the corporation and the shareholders' resolutions are signed by all of the