Kathmandu. Today is the last day to secure the dividend of Sanima Reliance Life Insurance. The company is closing its books for one day tomorrow, i.e. on Falgun 26, for the purpose of the general meeting and dividend distribution. Accordingly, shareholders who have traded on the NEPSE till today will be able to participate in the general meeting of the insurance and receive the dividend distributed by the insurance.
The insurance has called its eighth annual general meeting on Chaitra 8. The meeting will begin at 11 am at Anmol Banquet in New Baneshwor Shankhamul, Kathmandu.
The meeting will approve a total dividend of 9.2489 percent of the current paid-up capital proposed for the fiscal year 2080.81. Which includes 1.2489 percent bonus shares and 8 percent cash dividend (including tax).
The meeting will pass a special resolution to maintain the authorized capital of the company at 5.2 billion rupees. After the distribution of bonus shares, the company’s issued and paid-up capital will reach 5.1 billion rupees 49 million 24 thousand 56, and the meeting will also approve another special resolution to amend the memorandum of association and articles of association accordingly.
The meeting will pass a resolution to amend the memorandum of association and articles of association by changing the registered office of the company from New Baneshwor, Kathmandu, to Naxal. The assembly will approve the annual and auditor’s reports for the fiscal year 2080.81 and also approve the proposal regarding the appointment of the auditor and the determination of his remuneration for the current fiscal year 2081.82.
The assembly will pass a special resolution giving full authority to the board of directors to amend or change any matter if any instructions are received from the regulatory body during the presentation of the resolution passed in the assembly.
