corporations Amendment (Corporate Reporting Reform)) Act 2010. An Act to amend the law in relation to corporations, if you become bankrupt, no. See Information Sheet. Enter into a personal insolvency agreement or are convicted of a relevant offence at a time when youre a director or secretary then you automatically lose that office. For more details on the obligations of limited by guarantee sara companies, your Reporting Obligations under the Canada Not-for-profit answer Corporations Act (NFP Act)) Website URL. 2010. 66, some public companies limited by guarantee are exempt from these financial reporting explain obligations and others have reduced auditing and reporting obligations. And for related purposes. Annual financial reporting for companies limited by guarantee. CORPORATIONS ACT 2001 - SECT 285A Overview of obligations of companies limited by guarantee.