Summary#
This private bill brings back a closed company, R&J Drago Consultants Inc., which was dissolved (closed) in 1996. The stated goal is to revive the company so it can deal with unfinished tax matters.
- Revives the company as if it had never been dissolved.
- Restores all its property, rights, and privileges, and also its duties, contracts, and debts.
- Protects any rights that other people gained after the company was dissolved.
- Takes effect once it receives Royal Assent (formal approval).
What it means for you#
- Workers and customers:
- No direct impact. The company has been inactive since 1996.
- Former owners or managers of the company:
- Can act on behalf of the company again to handle tax filings, pay taxes owed, or receive any refunds due.
- Can sign documents, settle accounts, or deal with any remaining property or claims.
- Creditors and tax authorities:
- Can work with the company to resolve any unpaid amounts or disputes.
- General public:
- No change to taxes, services, or general business rules.
Expenses#
No publicly available information.
Proponents' View#
- Allows the company to properly resolve outstanding tax matters.
- Restores the legal status needed to sign papers, appear before tax authorities, and settle accounts.
- Limited in scope and does not change broader policy or rules.
- Protects other people’s rights gained since the company was dissolved.
Opponents' View#
- Uses legislative time for a single private matter.
- Reviving a company after many years could create confusion over old debts or contracts, even if others’ rights are protected.
- May encourage more very late revival requests rather than using standard administrative processes.
- Limited public detail on the specific tax issues reduces transparency.