Kathmandu. Nepal Life Insurance Company (NLIC) has called its 26th Annual General Meeting (AGM).
The meeting of the Board of Directors of the company held on Friday decided to hold the AGM on January 19. The meeting will begin at 9:00 am at Hotel Bhishwa in Birgunj, Parsa.
The meeting held the last fiscal year 2081. The company will approve the dividend of 21.05 percent of the current paid-up capital proposed for the company. This includes 5% bonus shares and 16.05% cash dividend.
The AGM will endorse a special proposal to increase its paid-up capital after the distribution of bonus shares. The Board of Directors shall approve a special resolution to amend the Articles of Association and Memorandum of Association of the Company as proposed and other necessary from time to time.
The meeting shall approve a special proposal authorizing the Board of Directors to make any changes or directives from the regulatory body while amending the Memorandum of Association and Articles of Association. The AGM will elect 3 Directors to the Board of Directors on behalf of the promoter shareholders (Group A).
The meeting approved the annual and auditor’s financial statements of the last fiscal year and the current fiscal year 2082. 83. Approve the proposal regarding the appointment of the auditor and the determination of his/her remuneration.
The company has decided to close the book on December 23 for the purpose of dividend and AGM. This means that only the shareholders who have remained in the company before December 7 will be eligible to receive the dividend and participate in the meeting.
