Section 243 — Canada Business Corporations Act: Application to court to rectify records

If the name of a person is alleged to be or to have been wrongly entered or retained in, or wrongly deleted or omitted from, the registers or other records of a corporation, the corporation, a security holder of the corporation or any aggrieved person may apply to a court for an order that the registers or records be rectified. An applicant under this section shall give the Director notice of the application and the Director is entitled to appear and be heard in person or by counsel. In connection with an application under this section, the court may make any order it thinks fit including, without limiting the generality of the foregoing, an order requiring the registers or other records of the corporation to be rectified; an order restraining the corporation from calling or holding a meeting of shareholders or paying a dividend before such rectification; an order determining the right of a party to the proceedings to have their name entered or retained in, or deleted or omitted from, the registers or records of the corporation, whether the issue arises between two or more security holders or alleged security holders, or between the corporation and any security holders or alleged security holders; and an order compensating a party who has incurred a loss.