Kathmandu. Asian Life Insurance Company is holding its 17th Annual General Meeting today. A meeting of the board of directors of the company held on Sunday decided to hold its annual general meeting on June 15. The meeting will begin at 1:00 pm at Hotel Ichchha, Simara, Bara.
Last fiscal year 2080. It will approve a total dividend of 5.3684 percent of the existing paid-up capital proposed for 81. This includes 5.10 per cent bonus shares and 0.2684 per cent cash dividend for tax purposes.
The assembly will pass a special resolution to increase the issuance and paid-up capital to the extent after the distribution of bonus shares. The Assembly will approve a proposal to authorise the Board of Directors to make any changes in the company’s management letter and regulations if it receives instructions from the regulatory body to make any changes in it accordingly.
The meeting will elect three directors from the founding group and two directors from the general group and nominate an independent director. The assembly will approve the annual and auditor’s report of the last fiscal year. The assembly will also approve the proposal regarding the appointment of auditors and determination of their remuneration for the current fiscal year.
The company had closed the book on July 10 for the annual general meeting and dividend purposes. This means that only the shareholders who have been in office before July 15 will be eligible to receive dividends and participate in the meeting.
