Kathmandu. Today is the last day to secure the dividend of Himalayan Reinsurance Company. The company has decided to close the book on May 15 for dividend and annual general meeting purposes. This means that only the shareholders of the company will be eligible to receive dividend s and participate in the meeting.
Reinsurance has convened its fourth annual general meeting. A meeting of the board of directors of the company held on Thursday decided to hold the agm on June 15. The meeting will begin at 11:00 am at The Nepal Academy, Kamaladi, Kathmandu.
Last fiscal year 2080. It will approve a total dividend of 4.74 percent of the current paid-up capital of Rs 10.40 billion proposed for 81. This includes 4.5 per cent bonus shares and 0.24 per cent cash dividend for tax purposes.
The Assembly shall approve a special proposal to delegate to the Board of Directors all the authority to carry out any changes or modifications or improvements from the regulatory body regarding additions and amendments to the Management Letters and Regulations and recording thereof. The assembly will pass the amount of expenditure and other expenses provided under social responsibility in the last fiscal year.
The assembly will approve the annual and auditor’s report of the last fiscal year and approve the proposal to appoint auditors for the current financial year and fix their remuneration.
