4. (1) After the above formalities have been observed, and on the report of the Minister, the Government may grant to the petitioners, by letters patent under the Great Seal, a charter constituting them as a legal person for the objects set forth in their petition.
(1.1) The Government shall refuse to grant the charter to a company where the petition of the company contains a name not in conformity with any of paragraphs 1 to 6 of section 9.1 of the Companies Act (chapter C-38).
(2) The letters patent shall recite the principal facts alleged in the petition.
(3) The letters patent shall be forwarded to the Inspector General of Financial Institutions, who shall deposit them in the register instituted in accordance with the Act respecting the legal publicity of sole proprietorhips, partnerships and legal persons (chapter P-45); from the date of such deposit, the petitioners and such others as may afterwards become shareholders in the company shall be a legal person, with the name mentioned in the letters patent.