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LESS THAN 30% OF BC SOCIETIES HAVE TRANSITIONED TO NEW SOCIETIES ACT

Posted on Thursday, Feb 22, 2018

With 40 weeks remaining in the two-year transition period for the new British Columbia Societies Act, approximately 70% of BC societies have yet to complete their transition. A total of 8,247 societies have transitioned.

The other 19,000 societies have nine months remaining to complete the transition. Societies that do not transition by November 28, 2018 will be dissolved in due course – so organizations that have not yet started the transition process should begin immediately.  Societies should also consider the timing of their annual general meeting, as it is generally most efficient to have drafts of the transition documents sent out to members well in advance of the annual general meeting.

Societies can transition to the new Act through Societies Online, the new electronic filing system from BC Registries and Online Services. In order to use Societies Online, societies will first need to “onboard” or register. In fall 2016, Societies should have received an onboarding letter providing their unique Registry Key password.

So far, over 22,000 societies have “onboarded” to the new Societies Online system, creating a basic BCeID and password to complete filings electronically. Since November 2016, almost 30,000 annual reports have been filed through Societies Online.

We recommend clients use the transition period to revise and update their corporate documents and governance structure generally. Merely uploading the existing constitution and bylaws through Societies Online is not sufficient to comply with the new Act. The Registry does not advise societies if their transition documents are non-compliant with the new Act. For more information on the new Act or assistance in transitioning to the new Act, contact Ken Volkenant, Luke Johnson, Aaron Oh, or Britney Newbigging at De Jager Volkenant & Company.

 

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