We are living in a time where there is great potential to
improve business practices through the effective implementation of
technology.
Upcoming amendments to the Companies Act1,
Co-operative Associations Act2 and Corporations
Registrations Act3 will permit the electronic storage
of books and records for both companies and cooperatives. A number
of other key updates include, facilitating director business by way
of electronic meetings for co-operatives and authorizing the
Registrar of Joint Stock Companies (Registrar) to
issue electronic certificates.
Bill 197 was introduced by the Minister of Service Nova Scotia
and Internal Services, Province of Nova Scotia, on the aim to
modernize the legislation to eliminate costly and time-consuming
past practices, and to provide companies with the choice to use the
wealth of modern tools available to them.
