Kathmandu. IME Life Insurance Company has concluded its eighth annual general meeting. The company has stated that the meeting was held at Diyo Mahal, Dhumbarahi, Kathmandu.
The meeting discussed and passed the annual report for the fiscal year 2080/081 presented by the chairman on behalf of the board of directors. The financial statements including the balance sheet, profit and loss account, changes in equity and cash flow statement and related schedules for the financial year 2080/081 NFR, along with the auditor’s report, have been discussed and passed.
The meeting has passed a proposal to appoint the company’s external auditor for the financial year 2081/082 as recommended by the company’s audit committee and to determine his remuneration (the current auditor, Mr. SAR Associates Chartered Accountants, may be reappointed).
The meeting has approved a proposal to distribute 21.05264 percent of the company’s current paid-up capital from the distributable profit for the financial year 2080/081 as proposed by the board of directors. The meeting has passed various resolutions including authorizing the Board of Directors to make any changes in the company’s management (letters and regulations) if any instructions are received from the body that records the company’s management (letters and regulations), approving the expenses incurred by the company under corporate social responsibility in the financial year 2080/081 as per Section 105 (1) (c) of the Companies Act, 2063.
