Kathmandu. Swarozgar Laghubitta Financial Institution has decided to close the book on April 15 for dividend and annual general meeting purposes. This means that only the shareholders who have been retained till April 15 will be eligible to receive dividends and participate in the meeting.
The organization has decided to organize its 16th day on May 16. The meeting will begin at 11:30 am at The Nepal Academy, Kamaladi, Kathmandu.
Last fiscal year 2080. It will approve a dividend of 14.21 percent of the total paid-up capital proposed for 81. This includes 13.50 per cent bonus shares and 0.71 per cent cash dividend for tax purposes.
Since the issued and paid-up capital will increase after the distribution of bonus shares, the assembly will pass a special proposal to amend the management letter and regulations accordingly. The Meeting will approve a proposal to authorise the Board of Directors to proceed with the entire process if it deems it appropriate to go for merger with other suitable microfinance institutions.
The Assembly shall pass a special resolution giving full authority to the Board of Directors to carry out any changes or additions by the regulatory bodies while amending the management letter and regulations of the organization.
The assembly will approve the annual and auditor’s report of the last fiscal year and approve the proposal regarding the appointment of auditors for the current financial year and determination of their remuneration.
