S.M. 1997, c. 39
THE LABOUR-SPONSORED VENTURE CAPITAL CORPORATIONS ACT
Table of Contents
PART 1 | |
INTERPRETATION | |
1(1) | Definitions |
(2) | Interpretation of "related" |
PART 2 | |
REGISTRATION | |
2(1) | Register of labour-sponsored venture capital corporations |
(2) | Inspection of register |
3(1) | Application for registration |
(2) | Form of application |
(3) | Additional materials to accompany application |
(4) | Officer's or director's certificate |
4 | Conditions for registration |
5(1) | Suspension or revocation of registration |
(2) | Notice of suspension |
(3) | Removal of suspension |
(4) | Notice of intent to revoke |
(5) | Notice of objection |
(6) | Publication of notice of revocation |
PART 3 | |
INVESTMENTS | |
6 | Investment policies and criteria |
7(1) | Investment advisory committee |
(2) | Composition of investment advisory committee |
(3) | Conflict of interest |
(4) | Committee to advise board |
(5) | Board to consider committee's advice |
8 | Investment restrictions |
9(1) | Liquid reserves |
(2) | Assets of liquid reserves |
10(1) | Notice of intent to declare investment ineligible |
(2) | Objection |
(3) | Action of minister |
PART 4 | |
ADMINISTRATION | |
11 | Prohibition against reduction of stated capital, dissolution |
12(1) | Valuation of shares |
(2) | Audited financial statements |
(3) | Request for additional information |
(4) | Return of additional information |
(5) | Extension of time |
13(1) | Books and records |
(2) | Location and time for retention of records |
14(1) | "Authorized person" defined |
(2) | Demand for production of records |
(3) | Audits and inspections |
(4) | Authorized entry |
(5) | No entry into residence without warrant |
(6) | Application for warrant |
15(1) | Minister's decision final |
(2) | Determination of issue by court |
16(1) | Offences and penalties |
(2) | Liability of officer, director, etc. |
17 | Limitation on prosecution |
18(1) | L.G. in C. may make regulations |
(2) | Minister may make regulations |
19 | C.C.S.M. reference |
20 | Coming into force |