Merger with two or more corporate Licensed Insolvency Trustees
ChecklistIn accordance with Section 46 of Directive No. 13R6, Trustee Licensing, such a change requires the prior approval of the Superintendent of Bankruptcy. A written request for such approval must be submitted to the Licensing Section of OSB.
- Pre-approval of new corporate Licensed Insolvency Trustee (LIT) name
- Current names of corporate LIT licences:
- Proposed name:
- which is (reference is made to Section 31 of the Directive):
- the name of one or more individual LIT
- a name derived from the name of an accounting firm
- a combination of a) and b)
- the name of the monitor appointed under CCAA between and .
- Requested by:
- telephone/fax numbers:
- Once the name has been pre-approved
Please provide the following information/documentation to the Licensing Section (reference is made to Sections 30 and 35-40 of the Directive):
- The original or a certified true copy of the certificate of amalgamation.
- The address of the head office and of every other office or place of business from which the corporate LIT intends to provide bankruptcy services.
- The name, residential address and occupation of each shareholder and each person having a direct or indirect proprietary interest in the corporation (including beneficial owner, where applicable).
- The number of shares (or proportion of total shares) and the classes of shares held by each shareholder in the corporation.
- A list indicating every LIT who is simultaneously a shareholder (or financial backer) of this corporation and of any another corporate LIT and all relevant details (i.e. names of those corporate LITs, and the district(s) in which they operate).
- The name, residential address and occupation of each director and of each officer of the corporation.
- The name and business address of every licensed LIT who will practice in an office or place of business of the corporate LIT.
- Evidence of insurance coverage (professional liability insurance and employee dishonesty (fidelity) insurance).
- A cheque for $300 made out to the order of the Receiver General of Canada.
- Date modified: