Kathmandu. Nadep Laghubitta Financial Institution Limited is going to hold its 10th Annual General Meeting on June 15. The meeting will be held at Triple Crown Resort in Dhading at 10:30 am. A meeting of the board of directors of the company held on May 19 decided the date of the meeting.
On behalf of the Board of Directors, the Meeting will discuss and approve the annual report for the financial year 2080/81 to be submitted by the Chairman, the annual report of the auditor, the balance sheet and profit and loss account for the financial year 2080/81, the relevant schedules including cash flow statement and the annual financial report prepared according to the Nepal Financial Reporting Act NFRS.
The Assembly shall pass a resolution to appoint an auditor for the financial year 2081/82 and determine his remuneration as per the recommendation of the Audit Committee of the financial institution. The meeting will pass a resolution to discuss and pass the change in share structure as provided in Nepal Rastra Bank Directive 10/081 (13).
If there is an appropriate proposal regarding merger or acquisition of this financial institution, the meeting will give authority to the Board of Directors to sign a Memorandum of Understanding for the purpose, appoint an evaluator of property liability and transactions and to complete all other procedures including determination of his remuneration, transfer of the central office of this institution to Dhunibeshi Ward No. 6 Tharke Bazaar of Dhading district. ।
The Assembly shall pass various resolutions, including delegating powers to the Board of Directors to make necessary amendments and modifications in the company’s management letter and regulations subject to the prevailing laws, if there is any suggestion or direction from the regulatory body on the said proposal.
