Markham : Règlement no 2018-90, art. 6 — Licensing and Regulation of Stationary Businesses By-law
Licensing and Regulation of Stationary Businesses By-law
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6. Every Owner or Operator which is a corporation shall, in every year, on or before the time at which it applies for the renewal of its Licence, file with the Licensing Officer an Annual Return on a form supplied by the Licensing Officer.
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- 4 Where the shares in a corporation applying for an Owner’s or Operator’s Licence are held in whole or in part by another corporation, the corporation so applying shall file with the Licensing Officer a Return in a form supplied by the Licensing Officer, which Return shall contain a list of all of its shareholders, and if such Return discloses that the shares in such other corporation are in turn held in whole or in part by a third corporation then the said Applicant shall also file such a Return in respect of such third corporation listing its shareholders, and so on until the names of all living Persons are shown and identified as the shareholders of any and all corporations having an interest, direct or indirect, in the shares of the Applicant corporation
- 5 All Returns required by section 4 of this section shall be filed with the Licensing Officer at the same time as the filing of the application for the Licence
- 7 Where a corporation is the holder of an Owner’s or Operator’s Licence or Licences, the corporation shall forthwith notify the Licensing Officer in writing of all transfers of existing shares and of the issue of any existing or new shares of the capital stock of the corporation, and of any such transaction involving the shares of any corporation referred to in section 4 and the Licensing Officer may, in its discretion, determine whether the Licence or Licences shall be revoked
- 8 Where, by a transfer of existing shares or by an issue of new or existing shares, the controlling interest in a corporation holding one or more Owner’s or Operator’s Licences is determined by the Licensing Officer to have changed hands, such Licence or Licences shall be terminated forthwith and the Licensing Officer may issue a new Licence or new Licences upon payment of the prescribed fee. The Licensing Officer may refuse to issue a new Licence or Licences if it determines that it is in the public interest so to do
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