Kathmandu. Nabil Bank has convened its 42nd Annual General Meeting. <\/p>\n
The meeting of the Board of Directors of the bank held on Tuesday decided to hold the AGM on October 8. The meeting will begin at 9:30 am at the Army Officers Club, Bhadrakali, Kathmandu. <\/p>\n
The meeting will approve a total dividend of 15.80 per cent of the current paid-up capital proposed for FY1982. The meeting will approve a total dividend of 15.80 per cent of the current paid-up capital proposed for FY83. It will also approve a proposal to distribute 5 per cent bonus shares and 10.80 per cent cash dividend (including tax). The meeting will also pass a resolution to distribute 8 per cent cash dividend (including tax) of the paid-up capital towards 8 per cent unreleased unsecured preference shares. <\/p>\n
The meeting will pass a special resolution to increase the existing officer capital of the bank to Rs 34 billion. The meeting will also approve a proposal to amend the Memorandum of Association and Articles of Association accordingly as the officer capital, issued capital and paid-up capital need to be increased. The meeting will pass a special resolution authorizing the Board of Directors to make any changes or amendments from the regulatory bodies while amending the Memorandum of Association and the Regulations. <\/p>\n
The meeting shall also pass a resolution authorizing the Board of Directors to proceed with the entire process of merger with other banks and financial institutions or if the bank deems it appropriate to acquire other banks and financial institutions. The meeting shall elect 3 directors to be represented on the board of directors on behalf of the promoter shareholders. <\/p>\n
The meeting will approve the annual report and auditor’s report for the last fiscal year and the current financial year 2083. The meeting will approve the proposal regarding the appointment of the auditor and the determination of his remuneration for the current financial year. The meeting will approve the integrated statement of the subsidiary Nabil Investment Banking and Nabil Stock Dealer with financial statements for the last financial year. <\/p>\n
The bank has decided to close the book on September 14 for the purpose of dividends and meetings. This means that only the shareholders who have remained in the bank as of September 13 will be eligible to receive the dividend and participate in the meeting. <\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
Kathmandu. Nabil Bank has convened its 42nd Annual General Meeting. The meeting of the Board of Directors of the bank held on Tuesday decided to hold the AGM on October 8. The meeting will begin at 9:30 am at the Army Officers Club, Bhadrakali, Kathmandu. The meeting will approve a total dividend of 15.80 per […]<\/p>\n","protected":false},"author":16,"featured_media":83023,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[45117,45159],"tags":[],"class_list":["post-315759","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bank-finance-en","category-news-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/315759","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/comments?post=315759"}],"version-history":[{"count":1,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/315759\/revisions"}],"predecessor-version":[{"id":315760,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/315759\/revisions\/315760"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/media\/83023"}],"wp:attachment":[{"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/media?parent=315759"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/categories?post=315759"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/tags?post=315759"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}