Kathmandu. National Life Insurance Company (formerly National Insurance Corporation), the only state-owned life insurer, has finally approved the financial report of its financial transactions eight years ago.
This life insurer, which is going through poor institutional governance, last fiscal year 2080. The fiscal year 2069 has finally been completed after the completion of the 81st General Assembly. 70 to 2073. The 74th General Assembly has been held in one go. The annual financial reports for this period have been approved by the General Assembly.
The general meeting held at the company’s head office at Ramshah Path approved the plan to increase the paid-up capital proposed by the board of directors. The meeting also passed a special resolution authorising the board of directors to carry out and carry out timely amendments to the company’s management letter and regulations.
The meeting has approved the annual report of the chairman of the board of directors as well as the financial statements including profit and loss account, cash flow statement along with the auditor’s report.
General Assembly fiscal year 2076. 77 to 2078. The cabinet has approved the appointment and remuneration of external auditors Subash Poudel and Bijay Singh Parajuli, who were appointed by the Board of Directors in consultation with the Office of the Auditor General.
