Elective Resolution

English Legal System: Elective Resolution

In the context of the English law, A Dictionary of Law provides the following legal concept of Elective Resolution : A decision by all the members of a *private company (at a meeting called on at least 21 days’ notice) to dispense with complying with specified provisions of the Companies Act 1985, for example holding the annual general meeting and laying the accounts before it or the annual appointment of auditors.