Kathmandu. Swastik Laghubitta Bittiya Sanstha Limited has called its seventh annual general meeting.
A meeting of the Board of Directors of the Association has decided to hold the meeting on September 27. The assembly will begin at 11:00 am at the Bishal Hotel in Lahan.
The meeting will amend the Memorandum of Association and Articles of Association for increasing the capital of the Association and authorize the Board of Directors to carry out the suggestions and directives received from the regulatory bodies accordingly.
The meeting will also endorse another special proposal to issue 200 percent right shares in the ratio of 1:2 of the existing paid-up capital. The AGM shall pass a special resolution granting authority to the Board of Directors or a person designated by the Board of Directors to proceed with the entire process accordingly, if it deems appropriate to go for merger with other microfinance institutions.
The AGM shall elect two directors, including a woman, to the Board of Directors. The Fiscal Year 2081. Approved the annual and auditor’s report of the fiscal year 2082. 83. Approve the proposal regarding the appointment of the auditor and the determination of his/her remuneration.
The organization has decided to close the book on August 26 for the purpose of the meeting. This means that only shareholders will be eligible to participate in the AGM until August 10.
