Kathmandu. Himalayan Reinsurance has concluded its fourth annual general meeting.
The meeting began at 11:00 am at The Nepal Academy at Kamaladi, Kathmandu. Last fiscal year 2080. The government has approved a total dividend of 4.74 per cent of the proposed paid-up capital of Rs 10.40 billion. This includes 4.5 per cent bonus shares and 0.24 per cent cash dividend for tax purposes.
The Assembly shall approve a special proposal to delegate to the Board of Directors all the authority to carry out any changes or modifications or improvements from the regulatory body regarding additions and amendments to the Management Letters and Regulations and recording thereof. The assembly will pass the amount of expenditure and other expenses provided under social responsibility in the last fiscal year.
The meeting also approved the annual and auditor’s report of the last fiscal year and approved the proposal to appoint auditors and fix their remuneration for the current fiscal year.
The company had decided to close the book on May 15 for dividend and annual general meeting purposes. This means that only the shareholders who have been in office till Friday, May 19 and Saturday, May 15, will be eligible to receive dividends and participate in the meeting.
