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Asian Life’s AGM Endorses Proposed Dividend

SPIL
Nepal Life

. KATHMANDU: The eighteenth annual general meeting of Asian Life Insurance Company (LIC) has been held at Hotel Classic Plaza in Simara of Bara district. The AGM approved the annual report of the fiscal year 2081/082 presented by the Chairman of the Board of Directors, Mr. Dipak Kumar Shrestha.

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Crest

The AGM unanimously endorsed a proposal of distributing 10.5263 percent dividend (including 5 percent bonus share) of the company’s paid up capital from the accumulated profit of the fiscal year 2081/082.TAG_OPEN_div_19 Come on. The AGM approved the proposal of distributing bonus shares equivalent to 5 percent of the paid-up capital of the company and cash dividend of Rs. 27,63,79,850.91 (including tax on dividend) for the year 2081/082.

Similarly, the balance sheet for the fiscal year 2081/82 (as per NFRS) up to the end of Ashadh, profit ÷loss, details of cash flow for the same period and the related schedules have been passed with discussion.TAG_OPEN_div_17

Resolution relating to the appointment of an auditor for the financial year 2082/083 from the General Meeting and determination of his/her remuneration

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has been passed.

The meeting also passed a resolution to amend the Memorandum of Association and Articles of Association of the Company to implement the decision of the AGM and to amend the Memorandum of Association and Articles of Association and to implement the directives to be received from the concerned body.

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