Elective resolution
Private companies may relax one of the formal requirements of the Companies Act 1985 by passing an elective resolution to extend in time the directors' authority to allot shares from up to 5 years either to a stated date being more than 5 years from the date of the passing of the resolution or indefinitely.
An elective resolution may be revoked at any time by an ordinary resolution of the company.
Jordans' services
Our elective resolution services include:
- preparation of the minutes and resolution which are needed to pass the elective resolution;
- filing of the resolution at Companies House; and
- a detailed guidance note on the procedure and the effect of passing an elective resolution.
Next steps
The fee for our elective resolution service is £150 + VAT (£176.25).
Contact our Corporate Legal Services team for more information
