EXPLANATORY NOTE

The purpose of the Bill is set out in the Preamble.

Bill PR52 2024

An Act to revive MS Remedies Inc.

Preamble

Shariq Hanfi has applied for special legislation to revive MS Remedies Inc. The applicant represents that he was a director and the sole shareholder of the corporation when it was dissolved. The corporation was voluntarily dissolved under the Business Corporations Act on May 26, 2022 pursuant to articles of dissolution. The applicant represents that he would like to revive the corporation in order to carry on business in the name of the corporation.

It is appropriate to grant the application.

Therefore, His Majesty, by and with the advice and consent of the Legislative Assembly of the Province of Ontario, enacts as follows:

Corporation revived

1 MS Remedies Inc. is revived and is, subject to any rights acquired by any person after its dissolution, restored to its legal position, including all its property, rights, privileges and franchises and subject to all its liabilities, contracts, disabilities and debts, as of the date of its dissolution, in the same manner and to the same extent as if it had not been dissolved.

Commencement

2 This Act comes into force on the day it receives Royal Assent.

Short title

3 The short title of this Act is the MS Remedies Inc. Act, 2024.