Kathmandu. Himalayan Life Insurance Company is going to hold its 18th Annual General Meeting (AGM) on June 15. The meeting is scheduled to be held at 10:30 am at Amrapali Baikatbhatbhatbhateni Naxal. A meeting of the board of directors of the company held on May 29 decided the date of the meeting.
The company has decided to distribute cash dividend to the shareholders from the distributable profits of the financial year. Accordingly, the company has proposed to distribute cash dividend (including taxes) of Rs 731.45 million at 8 percent of the current paid-up capital of Rs 9.14 billion. The assembly will approve the proposal.
The meeting will discuss and approve the annual report of the Board of Directors for the financial year 2080/81, the auditor’s report prepared in accordance with the NFRS for the period of the financial year 2080-81 of the company, the balance sheet and profit loss account and cash flow statement and related schedules.
The meeting will approve the financial statements of Himalayan Investment Bank Limited, a subsidiary of the company, for the financial year 2080/81. The Meeting shall pass a resolution to appoint an external auditor for the financial year 2081/82 and approve his remuneration as per the decision of the Board of Directors (the current auditor S.C. Lal Associates Chartered Accountant will be eligible for re-appointment).
The meeting will pass resolutions to authorise the board of directors to carry out any changes, modifications and modifications on the proposed matter of the company, and to approve the expenditure incurred in the financial year 2080-81 in accordance with Section 105 (1) (c) of the Companies Act.
