What Are the rights and responsibilities of members in a Not-For-Profit Corporation under 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 participate in meetings actively, cast votes, propose ideas through a formal submission process, convene meetings by submitting a request to the board, utilize various voting methods, and request financial records. However, it is crucial to recognize that members do not have attendance rights at director's meetings.

‍

Access to Information:

Rest assured, as a member, you have the right to secure copies of articles and by-laws, peruse minutes, resolutions, and member lists during office hours, along with obtaining and reviewing annual financial statements. This accessibility to information is a cornerstone of our transparency and accountability. Refer to section 95 of ONCA for more details.

‍

Liability and Dues:

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

‍

Ensuring Corporate Integrity:

Members play a pivotal role in upholding corporate integrity. They can take action by seeking compliance orders through a formal complaint process, initiating director removals by gathering support from other members and submitting a petition, obtaining access to financial statements, expressing concerns about fundamental changes, proposing winding up, or seeking court intervention or investigation.

‍

The ONCA, as the regulatory body, ensures that the not-for-profit members are well-regulated. Therefore, it is crucial to understand your rights and responsibilities as outlined in the ONCA 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!

‍