Kathmandu. United Ajod Insurance Limited has concluded its 32nd Annual General Meeting. The meeting was held at Amrapali Banquet in Bhatbhateni, Kathmandu.
The Fiscal Year 2081. The company has approved a total dividend of 4.5113 percent of the current paid-up capital proposed for the company. This includes 4.2857% bonus share and 0.2256 cash dividend for tax purposes.
The meeting also approved amendment in the Memorandum of Association and Articles of Association after the issuance of bonus shares to Rs 2.64 billion. The meeting also endorsed a special proposal granting full authority to the Board of Directors to amend the Memorandum of Association to make any suggestions received from the regulatory body.
The meeting also approved the annual report of the last fiscal year and the proposal regarding the appointment of auditor and determination of his/her remuneration for the current fiscal year.
As of mid-June 2083, the company has been providing insurance services through 104 branches and sub-branches, third party insurance counters and provincial offices including head office and provincial offices.
