Kathmandu: The annual general meeting of National Life Insurance has passed a the agenda to distribute 19 percent bonus share to the shareholders.
The 33rd AGM of the company has passed the agenda for 19 percent bonus share and cash dividend Rs. 33.9 million for tax against bonus and cash dividend. Three directors have been elected from the promoters group by the AGM. According to the company, Prema Rajyalakshmi Singh, Pawan Bahadur Pandey and Kushal Malli have been elected as member of BODs. Similarly, Bhawani Rana and Kuldeep Sharan Singh have been elected from the general shareholders group.
In FY 2076/77, the average annual return was 10.16 percent and the paid up capital of the company was also satisfactory. Including the current year’s bonus, the total capital will exceed Rs. 4.3 billion.