Kathmandu: Nepal Life Insurance Company has announced the date for its 22nd Annual General Meeting. The AGM is scheduled be held on 8th Mangsir 2079 at Hotel Visuwa Birgunj. The meeting of the board of directors(BODs) of the company held on 4th of Kartik decided the date of the AGM.
In the meeting, the company will discuss and endorse the annual report for the financial year 2077-78 presented by the chairman on behalf of the BODs, discuss and pass the details including the auditor’s report on the profit and loss of the financial year 2077-78, accounting, cash flow, financial statement etc.
Likewise, the meeting will endorse the resolution to appoint an auditor for the FY 2078-79 and fix his remuneration according to the recommendation made by the audit committee of the company. The company has proposed 15.78 percent cash dividend to its shareholders from the current paid-up capital offered from the profit of the FY 2077-78.
The AGM will approve the appointment of independent directors appointed by the BODs. The company has decided to close the book on 18th Kartik for dividend distribution and AGM purposes. Therefore, shareholders who have ownership of the stock till 17 Kartik 2079 will be able to receive dividends and participate in the meeting.
