Viewing solvency resolutions
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When a corporation pays their review fee by the end of the two month period after the company’s review date, there are reasonable grounds to believe that the company will be able to pay its debts, as and when they become due and payable.
If the directors have met and resolved that the company is solvent, the minutes of the resolution are produced.
If the directors have met and resolved that the company is not solvent, or if the directors have not met and made any resolution as to the solvency of the company, the company must lodge Form 485 — Statement in relation to Company Solvency as part of this review process.