DOMINION LEGISLATION—CANADA 843
come to an end ; where the corporation in general
meeting called for that purpose, has passed a
resolution requiring the corporation to wind up;
and where the corporation has passed a resolu-
tion that the corporation cannot, by reason of
its liabilities continue its business and that it is
advisable that it be wound-up.

A winding-up shall be deemed to commence at the
date of the passing of the resolution to wind up.
corporation may be wqund up by order of the
Supreme Court where it may be wound up
voluntarily; where proceedings have been
begun to wind up voluntarily and it appears to
the Court that it would be expedient in the
interests of the creditors and contributories
that it be wound up under supervision of the
Court: where in the opinion of the Court it is
just and equitable for some reason other than
bankruptcy or insolvency of the corporation
that it should be wound up; where the letters
patent have been declared forfeited or revoked
or made void.

Special provisions for Insurance Companies.

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Extra ov"

'1.al Corporations Act.
«xtra-Provincie*
poration created
authority of an
Ontario.
-empts certain classes of ‘extra-provincial cor-
sorations from the operation of the Ac
xtra-provincial’ companies not exempted nv
¢ are required to take out a licence under the
ACt.

wh

1 ‘extra provincial’ corporation with a licence,
may, subject to the limitation of the licence
and subject to the provisions of its own charter
or Act of incorporation, acquire, mortgage and
dispose of real estate in Ontario and any interest
therein to the same extent and for the same
purposes as if it had been incorporated under
the Companies Act.
must on or before the 8th February in every
year make a return to the government con-
taining information similar to that required
ander s. 138 of the Ontario Companies Act, to-
gether with any further information which the
Minister mav require