Kathmandu: The 6th Annual General Meeting (AGM) of IME Life Insurance Company concluded at Lanchaur Banquet today with the endorsement of the financial report for the financial year 2078-79.
The AGM discussed and approved the balance sheet, profit and loss account, cash flow statement, and related schedules and financial statement prepared on the NFRS system for the FY 2078-79 including the auditor’s report.
The AGM also passed a resolution to appoint and fix the remuneration of the financial auditor for the audit of the FY 2079-080. The AGM re-appointed PYC & Associates Chartered Accountants in accordance with section 111 of the Companies Act, 2063 for the third consecutive year.
The house passed a resolution to change the company’s capital structure and amend the articles of association and bylaws, and authorize the board of directors to make changes accordingly if any instructions are received from the government authority.
Chairman of BODs, Dr. Ramhari Aryal informed the house that the preparation for the issue of shares to the public to raise additional equity capital in order to meet the regulatory compliance.