Kathmandu. The seventh annual general meeting of Sanima GIC Insurance has been concluded. The meeting was held at Amritbhog in Kalikasthan, Kathmandu.
The meeting has approved a total dividend of 7.8947 percent of the current paid-up capital of Rs 2 billion proposed to be distributed for the last fiscal year 2080.81. This includes 7.5 percent bonus shares and 0.3947 cash dividend for tax purposes.
Since the paid-up capital will increase after the issue of bonus shares, the meeting has passed a special proposal to amend the memorandum of association and regulations accordingly. The assembly also approved another special resolution to amend the 25 percent right shares passed by the sixth annual general meeting and issue them at 17 percent.
The assembly approved the company’s expenses and approved the proposal to amend the allowances of the chairman and members of the board of directors.
The assembly approved a special resolution to fully authorize the board of directors to act accordingly if any suggestions or changes are received from the regulatory body while amending the memorandum of association and regulations.
The assembly will approve the annual report and auditor’s report for the previous fiscal year and has passed a resolution regarding the appointment of the auditor and determination of his remuneration for the current fiscal year.
