On September 8th, the Ministry of Government and Consumer Services, sent out an announcement confirming the timelines for holding AGM’s. The Ministry confirmed that there will be no extensions to this date
So here are the dates and timing:
- If the last date to hold your AGM is between March 17th and July 24th, 2020-you can hold your meeting up to and including October 22, 2020.
- If the last date to hold your AGM falls between July 25th and August 24th, 2020, you can hold your AGM up to and including November 21, 2020.
We are recommending that condominium corporations look at holding their AGM’s during daytime hours or weekends if they are unable to get evening virtual meetings.
What is interesting in this announcement, is the reference to the Ministry considering extending the period for holding virtual meetings and electronic voting without a by-law beyond the November 21, 2020 date and also extending the period for allowing notices to be sent to owners electronically without owners consents/agreements. We hope to see more announcements over the coming weeks with respect to this possible extension. This would allow condominium corporations more time to hold meetings to pass a virtual meeting and electronic voting by-law so that future meetings could be held virtually if the board chooses to do so.
We hope that we don’t see a second wave of the pandemic, but if we do, we should be prepared. Having the by-law in place in the event that gatherings cannot take place, is something that all condominium corporations should be considering implementing sooner than later.
Tune in to CondoAdviser’s next Webinar, September 9th at 5:00 pm. This topic to be discussed. To register click here.
