Kathmandu: Himalayan Reinsurance Limited (HRIL) has called the second annual general meeting. The company has called the AGM on 4th Kartik 2079 at 11 am at Hotel Loft, Thamel, Kathmandu.
The meeting will pass an agenda to make necessary amendments to the company’s articles of association and memorandum of association and to delegate all the necessary authorities to the board of directors for the same.
The assembly will also delegate authority to the BODs to make necessary amendments in the AoA and MoA following any instruction from the regulatory authorities.
In the same meeting, the annual report of the financial year 2078-79 will also be discussed and passed. The balance sheet with the auditor’s report, the profit and loss account, the cash flow statement and the financial statements with the related appendices too will be discussed and passed by the assembly.
The meeting will also discuss the appointment of the auditor for the financial year 2079-80 and the determination of remuneration and the remuneration, allowances and facilities of the members of BODs.
HRIL is the second re-insurance company of Nepal. It’s authorized capital is Rs. 20 billion while the promoters have made an initial investment of Rs. 7 billion as paid-up capital.