Kathmandu. Nepal Insurance Company (NIC) has called its 77th Annual General Meeting.
The meeting of the Board of Directors of the company held on Friday decided to hold the meeting on January 29. The rally will begin at 11:00 am at the Tribhuvan Army Officers’ Club in Bhadrakali, Kathmandu.
The meeting held the last fiscal year 2081. The government will approve cash dividend (including tax) of 6.3158 percent of the current paid-up capital proposed for the fiscal year. As per the current paid-up capital, the company will distribute Rs 160,962,631.87 cash dividend out of the current paid-up capital of Rs 2,5485,75,005.
The meeting shall also pass a special resolution authorizing the Board of Directors to make any suggestions or directives from the body recording the Memorandum of Association and Articles of Association of the company. The meeting approved the annual and auditor’s report of the last fiscal year and the current fiscal year 2082. 83. Approve the proposal relating to the appointment of the auditor and the determination of his/her remuneration.
The company has decided to close the book on December 30 for the purpose of dividend and meeting. This means that only the shareholders who have been in the company before December 28 will be eligible to receive the dividend and participate in the meeting.
