EXPLANATORY NOTE

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

Bill PR32 2020

An Act to revive Skypride Travel & Tours Ltd.

Preamble

Sakthivel Suppiah has applied for special legislation to revive Skypride Travel & Tours Ltd. The applicant represents that he was a director of the corporation when it was dissolved. The corporation was voluntarily dissolved under the Business Corporations Act on June 21, 2017 pursuant to articles of dissolution. The applicant represents that he would like to revive the corporation in order deal with certain outstanding tax matters relating to the corporation.

It is appropriate to grant the application.

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

Corporation revived

1 Skypride Travel & Tours Ltd. 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 Skypride Travel & Tours Ltd. Act, 2020.