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Restore Dissolved Company

Full Title:
Bill PR36, 2417633 Ontario Limited Act, 2026

Summary#

This private bill brings back a dissolved Ontario company, 2417633 Ontario Limited, so it can operate again. The company was voluntarily closed on September 4, 2024. The applicant, Sam Audia, was a shareholder and director and wants to keep doing business under the same company.

  • Revives 2417633 Ontario Limited as if it had never been dissolved.
  • Restores its property, contracts, rights, and debts from before it closed.
  • Does not undo any rights other people gained while the company was closed.
  • Takes effect when it becomes law (Royal Assent).

What it means for you#

  • General public

    • No direct impact on most people.

  • Customers, suppliers, and creditors

    • You can do business with the company again under the same name and number.
    • Contracts that existed before the company dissolved are treated as if the company had not closed.
    • If you had an unpaid invoice or other claim, you can again pursue it against the company.

  • Employees and former employees

    • If there were unpaid wages or benefits owing from before dissolution, the company exists again to address those obligations.

  • Shareholders and directors of 2417633 Ontario Limited

    • You can carry on business under the same corporation, with its previous rights and responsibilities restored.

  • Third parties who gained rights after the company dissolved

    • Your rights are protected. The revival does not take away rights you legally gained while the company was closed.

Expenses#

No publicly available information.

Proponents’ View#

  • This is a simple, case-by-case fix that lets a small business resume operations.
  • Restores legal clarity for contracts, property, and debts tied to the company.
  • Protects people who gained rights while the company was dissolved.
  • Has no broad policy change and little to no impact on the public.

Opponents’ View#

  • Using legislative time to revive a single company may not be the best use of resources.
  • Allowing revival after a voluntary dissolution could encourage careless corporate housekeeping.
  • May cause confusion for people who assumed the company was permanently closed.
  • Even small administrative steps can add up in cost and workload over time.