Kathmandu. The 23rd Annual General Meeting (AGM) of Life Insurance Corporation has concluded today. The meeting was held at The Nepal Administrative Training Academy at Jawalakhel, Lalitpur.
Assembly for fiscal year 2080. It has approved a dividend of 10.5263 percent of the current paid-up capital proposed for 81. This includes 10 percent bonus share and 0.5263 cash dividend for tax purposes.
The assembly has passed a special proposal to amend the regulations and management letter accordingly as the authorized, issued and paid-up capital of the company will increase after the issue of bonus shares.
The meeting also approved another special proposal to delegate powers to the board of directors to make any changes in the company if the regulatory bodies suggest or direct them to make any changes while amending the regulations and management letters.
The meeting has elected one director on behalf of the founding shareholders and approved the appointment of directors appointed on behalf of the founding shareholders.
The meeting held the last fiscal year 2080. The annual report of 81 and the financial report of the auditor have been approved and the current fiscal year 2081. It has approved the proposal regarding appointment of auditor and determination of his remuneration for 82.
