Kathmandu. Nerude Mirmire Laghubitta is going to hold its 19th Annual General Meeting (AGM) on July 16. The meeting will be held at 11:00 am at White Palace Banquet Madhyapur Thimi-3, Kaushaltar.
The AGM will endorse the annual report of the Board of Directors for the fiscal year 2081/082, the auditor’s audit report along with the balance sheet, profit or loss account, cash flow statement and related schedules for the fiscal year 2081/082.
The meeting will endorse a proposal to appoint an external auditor for the fiscal year 2082/086 as per the recommendation of the audit committee, fix his/her remuneration and inform about the appointment of an independent director.
The AGM shall appoint a director for the remaining term in the promoter group representing on the Board of Directors, and to issue the capital growth plan of the financial institution only after obtaining the approval of the regulatory body, as proposed by the Board of Directors, in the ratio of 1:0.25 of the current paid-up capital. The company will approve the issuance of 94,41068 units of right shares.
In addition, if directed to make any change or amendment by the concerned body for the said purpose, it shall pass a proposal to make changes or amendments accordingly, to amend the Memorandum of Association and Articles of Association and other amendments from time to time.
The meeting shall endorse a proposal to delegate authority to the Board of Directors or to the office bearers designated by the Board of Directors to make any changes, additions or amendments from the regulatory bodies in the course of approval of the Memorandum of Association or Articles of Association amendment.
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