Kathmandu. Nerude Mirmire Laghubitta Financial Institution Limited is going to hold its 18th Annual General Meeting (AGM) on May 12. The meeting is scheduled to be held at Hotel Sarathi in Dhulikhel at 11 am. A meeting of the board of directors of the company held on April 29 decided the date of the meeting.
On behalf of the Board of Directors, the Meeting will discuss and pass the annual report of the financial year 2080/81 to be presented by the Chairman, the audit report of the auditor along with the profit and loss account of the financial year 2080/81 ending on the same date and the cash flow statement for the same period and the relevant schedules including accounting policies.
The meeting will discuss and pass the audit report of the auditor of the erstwhile Mirmire Laghubitta Financial Institution Limited along with the relevant schedules, including the balance sheet dated 11/11/2080, profit and loss accounts from Shrawan 2080 to March 20, 2080, and cash flow statements for the same period and accounting policies.
According to Section 63 of the Banks and Financial Institutions Act, 2073 and Section 111 of the Companies Act, 2063, the assembly will appoint an auditor to conduct the audit on the recommendation of the audit committee for the financial year 2081/82.
The Meeting will pass various resolutions regarding the election of three directors of the founding group and three directors of the general group to be represented in the Board of Directors as provided in the Rules of the Financial Institution, amending the Management Letter of the Organization, amending the Rules, authorizing the Board of Directors to amend the Management Letter Rules in accordance with the directive issued by the regulatory body in the course of amending the management letter and regulations of the institution.
