Kathmandu. Nepal Insurance Company Limited is scheduled to hold its 76th Annual General Meeting tomorrow, Tuesday, Chaitra 19. The meeting will begin at 11 am at Nepal Pragya Pratishthan Kamaladi, Kathmandu.
The meeting will pass a special resolution to distribute bonus shares at the rate of 15 percent of the current paid-up capital and 0.79 percent cash dividend for tax purposes.
The meeting will discuss and pass the annual report of the Board of Directors for the fiscal year 2080/81, the balance sheet, profit and loss account and cash flow statement including the auditor’s report for the fiscal year 2080/81, and the related schedules.
The meeting will appoint an auditor as per the recommendation of the Audit Committee to audit the company for the fiscal year 2081/82 and approve his/her report. Determining remuneration. (The current auditor will be reappointed.
The special general meeting of the company held on 2081/02/04 decided that the percentage of right shares may be reviewed according to the paid-up capital after issuing 40 percent of the company’s current paid-up capital, i.e. 10 shares equal to 4 shares, and after issuing bonus shares for the fiscal year 2080/81, the issued and paid-up capital of the company will reach 2.94 billion rupees. Accordingly, the company will pass a proposal to amend the provisions related to issued and paid-up capital in Section 5 (b) and (c) of the company’s articles of association.
The meeting will approve the expenses incurred by the company under corporate social responsibility, make any changes to the revised articles of association and regulations or to the regulatory body If the instructions are received, a proposal will be made to authorize the Board of Directors to act accordingly.
The company closed its books on Chaitra 7 for the purpose of the general meeting and dividend distribution. Accordingly, shareholders who have traded on the NEPSE until Chaitra 6 will be able to participate in the general meeting of the insurance and receive the dividend distributed by the insurance.
