Add/Remove Shareholder: May prompt the Registrar to review your Certificate of Authorization.
Name Change: An optometry professional corporation must apply for a Revised Certificate of Authorization to ensure that the corporation continues to be eligible to hold a Certificate of Authorization. The Registrar may issue a Revised Certificate of Authorization to an optometry professional corporation if the corporation changes its name after a Certificate of Authorization has been issued, provided the Registrar is satisfied the corporation has applied for a Revised Certificate of Authorization by completing an application in the form approved by the College, along with the relevant documentation and fee.
Sale of an Optometry Professional Corporation: An optometrist holding a Certificate of Authorization must inform the College of any changes made to their Optometry Profession Corporation with 14 business days. Prior to the sale of an Optometry Professional Corporation (OPC) to another optometrist, the College must be informed by both the Seller and the Purchaser in writing of their intentions so that the OPC can continue to hold the issued Certificate of Authorization while the transaction is in progress. Once the sale of the OPC is completed the new owner may be able to apply, if applicable, for a Revised Certificate of Authorization within 14 business days. Failure by one or both parties to contact the College, prior to or within 14 business days, may result in the College closing the issued Certificate of Authorization for the OPC.
If the College receives no written information from the purchaser within 14 business days of the purchase of the OPC, then the College will NOT accept an application for a Revised Certificate of Authorization and the purchaser will have to apply for a NEW Certificate of Authorization.
Amalgamation: Upon amalgamation with another corporation, an optometry professional corporation ceases to exist as an entity separate from the newly amalgamated corporation, and its Certificate of Authorization is revoked, as it is no longer valid.
In the event of revocation, the amalgamated corporation must apply for and obtain a new Certificate of Authorization before it may practise as an optometry professional corporation. The amalgamated corporation must meet all of the eligibility conditions and requirements for issuance of a Certificate of Authorization.