Kathmandu. The first annual general meeting (AGM) of Nepal Life Investment Company (NLIC) has been held in Kathmandu. The meeting was held under the chairmanship of Amit Kumar Kayal, Chairman of the Board of Directors of the company. The meeting discussed and approved the financial statements including balance sheet, profit and loss accounts and cash flow statement of the fiscal year 2081/82 presented by the Chairperson. Similarly, for the fiscal year 2082/83, the auditor P. L. Shrestha & Co. has been appointed.
Chairman Amit Kumar Kayal said that the company is working to make Nepal Life an exemplary company by adopting structural reforms, full adherence to corporate governance, strong internal control system, training and research, diversification of scientific investment and adoption of global investment practices.
Similarly, Chief Executive Officer Subhash Thapa informed the meeting about the progress of FY 2081/82 and strategic plans of FY 2082/83.
On the occasion, Director of the company Kamalesh Kumar Agrawal thanked the company for being able to hold the first AGM on time and urged the management to work seriously to get good return by making safe investment as the company is a wholly-owned company of Nepal Life Insurance.
Chief Executive Officer of the main company Prabin Raman Parajuli suggested the management to fully protect the original investment and get the right time, right place and right return while making the investment.
The AGM has approved 4 promoters (Kamlesh Kumar Agrawal, Krishna Raj Lamichhane, Pravin Raman Parajuli and Amit Kumar Kayal) for the post of Directors of Nepal Life Insurance Company.
The meeting of the Board of Directors held today elected Kamlesh Kumar Agrawal as the Chairman of the Board of Directors.
