Kathmandu. The 7th annual general meeting of CYC Nepal Laghubitta Bittiya Sanstha is scheduled to be held on August 14. The meeting will be held at 11:00 am at the meeting hall of Pokhara Deep Sagar Hotel. The meeting of the Board of Directors of the company held on July 24 fixed the date of the meeting.
The AGM will discuss and approve the annual report of the fiscal year 2081/82 to be presented by the Chairman on behalf of the Board of Directors. The auditor’s report along with the financial statements including balance sheet, profit, loss, cash flow and other financial statements of the fiscal year 2081/82 will be discussed and approved.
The meeting will appoint an auditor as per the recommendation of the audit committee of the organization and approve a proposal to fix the remuneration of the individual to carry out the external audit work. The meeting of the Board of Directors and other sub-committees held in the fiscal year 2081/82 will endorse the proposal to approve allowances and other expenses related to the committee.
The meeting will endorse the proposal of merger, merger and acquisition of any microfinance institution to identify suitable microfinance institutions for the purpose of entering into acquisition agreement, signing the memorandum of understanding and delegation of authority to the Board of Directors.
The meeting will endorse proposals including obtaining approval from the Nepal Rastra Bank, Office of the Company Registrar and other regulatory bodies, recording it and assigning full authority to the Board of Directors accordingly to amend and make any changes in the subject matter of the Management Regulations.
