Kathmandu. Today is the last day to secure the dividend of Life Insurance Corporation (LIC Nepal). The company has decided to close the book on June 15 for the purpose of annual general meeting and dividend. This means that only the shareholders who have been retained till June 15 will be eligible to receive the company’s dividend and participate in the meeting.
The company has decided to hold its 23rd Annual General Meeting (AGM) on July 15. The meeting will begin at 10:00 am at The Nepal Administrative Training Academy at Jawalakhel, Lalitpur.
Assembly for fiscal year 2080. It will approve a total dividend of 10.5263 percent of the current paid-up capital proposed for 81. This includes 10 percent bonus share and 0.5263 cash dividend for tax purposes.
Since the authorized, issued and paid-up capital of the company will increase after the issue of bonus shares, the assembly will pass a special proposal to amend the regulations and management accordingly. The Meeting will also approve another special proposal to delegate powers to the Board of Directors to make any changes in the company if the regulatory bodies suggest or direct them to make any changes while amending the regulations and management letters.
The meeting will elect one director on behalf of the founding shareholders and approve the appointment of directors appointed on behalf of the founding shareholders.
The meeting held the last fiscal year 2080. The annual report of 81 and the financial report of the auditor will be approved and the current fiscal year 2081. It will approve the proposal regarding the appointment of auditor and determination of his remuneration for 82.
