law: Co-Operative Societies Act 2008 
  42.
  
  Resolution in lieu of meeting
  1.      Except where a
  
  written statement is submitted by an auditor pursuant to section 136—
  a.     
  
    a
  
  resolution in writing signed by such number of members as may be specified in
  
  the by-laws as are entitled to vote to adopt a resolution at a general meeting
  
  of members is as valid as if it had been passed at a general meeting of the
  
  members; and
  b.    
  
    a
  
  resolution in writing dealing with any matter required by this Act to be dealt
  
  with at a general meeting of members and signed by all the members entitled to
  
  vote at that meeting—
                       
  
   i.        
  
    satisfies
  
  all the requirements of this Act relating to meetings of members; and
                      
  
   ii.        
  
    subject
  
  to subsection (2), is effective from the date specified in the resolution.
  1.      
  2.      The effective date of
  
  a resolution described in subsection (1)(b) (ii) must not be earlier than
  
  the date on which the first member signed the resolution.
  3.      A copy of every
  
  resolution described in subsection (1) must be kept with the minutes of the
  
  meetings of members.