Kathmandu. LIC Nepal is going to hold its 24th Annual General Meeting (AGM) on Wednesday, January 15. The meeting will begin at 11:15 a.m. The assembly will be held at Nepal Administrative Training Academy, Jawalakhel, Lalitpur.
The company has decided to distribute 21.05 percent cash dividend on its current paid-up capital. The Assembly shall endorse the proposal.
The AGM will present and approve the annual report of the Board of Directors along with the auditor’s report along with the balance sheet up to Ashadh 2082 and the profit or loss account and cash flow statement of the FY 2081/82.
The meeting will appoint an auditor for the fiscal year 2082/83 as per the recommendation of the audit committee and fix his/her remuneration.
The AGM will approve the appointment of Directors and Independent Directors appointed on behalf of promoter shareholders. The meeting will endorse a proposal to increase the allowances of the Chairman and members of the Board of Directors.
The meeting shall approve the expenses incurred by the company under its corporate social responsibility in the fiscal year 2081/82 pursuant to Section 105 (1) (c) of the Companies Act, 2063 and endorse any other matters with the approval of the Chairperson.
The company is closing its book on January 1 for the purpose of meeting and dividend distribution. As per the agreement, the shareholders who have been traded in NEPSE till January 30 will be able to participate in the AGM and receive the dividend.
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