Ontario Barrister and Solicitor Practice Exam

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What is required under the OBCA for short form amalgamations?

Approval by shareholders' meeting
Approval by a resolution of directors for each of the amalgamating corporations
Approval by the Canadian Securities Administrators
Approval by public notification

The correct answer is: Approval by a resolution of directors for each of the amalgamating corporations

Under the Ontario Business Corporations Act (OBCA), a short form amalgamation allows two or more corporations to merge together into one new corporation. This process requires approval from the directors of each of the amalgamating corporations, not from shareholders or regulatory bodies. Options A, C, and D are incorrect as they do not accurately reflect the requirements for short form amalgamations under the OBCA. It is also important to note that this process involves shareholders' approval as well, but that is not the only requirement and it is not mentioned in any of the options.