Kathmandu. Upper Syange Hydropower has convened its 9th Annual General Meeting( AGM).
A meeting of the board of directors of the company has decided to hold its annual general meeting on September 14. The meeting will begin at 10:00 am at Kundalini Durbar Banquet in Chappal Factory, Kathmandu.
The assembly will pass a special resolution to issue 1:1 ratio i.e. 100 percent shares of the existing paid-up capital. The assembly will also approve another special proposal to increase the authorized, issued and paid-up capital and amend the management letter accordingly.
The Assembly shall pass a resolution authorising the Board of Directors to carry out any changes, additions and amendments by the regulatory body while amending the Letter of Management and Rules.
The meeting will elect four directors representing the founding shareholders. The assembly last fiscal year 2081. The annual and auditor report of 82 and the current fiscal year 2082. It will pass a proposal to appoint an auditor for 83 and fix his remuneration.
The company has decided to close the book on September 15 for the purpose of its annual general meeting. This means that only the shareholders who have been in office till September 15 will be eligible to participate in the company’s general meeting.
