Kathmandu. The 8th Annual General Meeting (AGM) of Prabhu Mahalaxmi Life Insurance Limited has concluded today. The meeting of the company was held under the chairmanship of the company’s chairman Shiksha Bhattachan on Monday.
The meeting discussed and approved the chairman’s speech and the annual report of the board of directors for the fiscal year 2080/81 BS. The meeting also passed the financial statements including balance sheet, profit and loss account, cash flow statement for the fiscal year 2080/81 along with the auditor’s report.
The meeting passed the bill regarding appointment of external auditors for the fiscal year 2081/82 bs in accordance with Section 111 (3) of the Companies Act, 2063 BS and determination of their remuneration (the existing auditors will be eligible for re-appointment).
The meeting has passed a resolution to approve the appointment of directors, give full authority to the board of directors to make changes or instructions to make changes or additions in the management letter and regulations, or if any linguistic changes are to be made.
The meeting also approved a proposal to distribute 8 percent bonus shares and 0.421 percent cash dividend (including tax on bonus shares) to the shareholders for the fiscal year 2080/81.
