ONCA

Introduction:

As a member of a not-for-profit corporation regulated under ONCA, it is essential to understand your roles and responsibilities. This guide aims to clarify these critical actions and expectations.

Members' Rights:

Members are entitled to actively participate in meetings, cast votes, propose ideas, convene meetings, utilize various voting methods, and request financial records. Recognizing that members do not have attendance rights at director's meetings is crucial.

Access to Information:

Members can secure copies of articles and by-laws, peruse minutes, resolutions, and member lists during office hours, along with obtaining and reviewing annual financial statements. Refer to section 95 of ONCA

Liability and Dues:

Members, in general, enjoy protection from personal liability for corporate debts. However, annual dues may become obligatory based on decisions made by the board of directors. Refer to section 91 and section 86 of ONCA.

Ensuring Corporate Integrity:

Members play a pivotal role in upholding corporate integrity. They can take action by seeking compliance orders, initiating director removals, obtaining access to financial statements, expressing concerns about fundamental changes, proposing winding up, or seeking court intervention or investigation.

The ONCA ensures that the not-for-profit members are well-regulated. Therefore, it is crucial to understand your rights and responsibilities to ensure a fair and just journey. Our experts are here to guide you every step of the way. Your peace of mind is our priority. Let us simplify your ONCA journey!

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