S-25.1 - Act respecting the sociétés d’entraide économique

Section 168 Disposition versions

1984-11-15

168. The federation must establish standards, not contrary to the Act or to the regulations, applicable to the companies respecting the following matters:

(1)  the reserves for doubtful debts they must maintain;

(2)  the accounting methods they must adopt;

(3)  any financial or administrative subject that it may determine;

(4)  matters provided for by section 107, paragraph 3 of section 108, section 115 and paragraphs 1 to 3, 5 and 15 of section 190.

Such standards have no effect until approved by the Government.

The federation is not required to establish any standard on a matter referred to in the first paragraph if a regulation on that matter is made by the Government.

1981, c. 31, s. 168.

In subparagraph 4 of the first paragraph, the following words are not in force:

“matters provided for by section 107, paragraph 3 of section 108, section 115 and paragraphs 1 to 3, 5 and”.

These words will come into force on the date to be fixed by order of the Government (1981, c. 31, s. 223; O.C. 2520-84 dated 14 November 1984, (1984) 116 G.O. 2, 4061).