Dear ICC Members,
As mentioned in our previous communications, the ICC Board was requisitioned by a petition from approximately 230 members to hold an SGM as soon as possible. The petition specifically referred to a hearing on November 2nd and stated that the members signing the SGM requisition would like their voices to be heard before this hearing. In order to fulfil our duty under Section 295 of the Corporations Act and to provide members the opportunity to voice their opinions on the direction of the organization, the Board decided to hold the Member-requisitioned SGM for October 31st, 2020.
Yesterday, on October 27th, 2020, in a case conference Justice Hainey instructed the ICC board to postpone the SGM until after a motion(supplementary motion material here) brought by applicants Babak Payami, Kamnoosh Shahabi, Mehrdokht Hadi, and Shayan Moin ("Payami et al.") scheduled November 2nd, 2020 is heard. The Honorable Judge stated that this instruction is to preserve the status quo before the scheduled hearing on November 2nd.
The Board therefore has no choice but to postpone the SGM called by members until after November 2nd, 2020. The same instructions also apply to the SGM called by the board which was scheduled for November 1st, 2020.
The ICC Board continues to be committed to allowing the membership to have their say on the organization’s affairs and fulfil its legal obligations to members’ requisitions. As such, we encourage all members to stay tuned for further updates on when this SGM will be held.
Furthermore, the board is happy to announce that it has both raised enough money to carry forward the AGM and has renegotiated its debt to the legal firm Gardiner Roberts and that the adjusted debt to this legal firm is reduced from approximately $42,000 to $10,000 with a reasonable payment schedule. We look forward to your continued help and ask you to donate using this link.
Board of Directors
Iranian Canadian Congress