Kathmandu. Asian Life Insurance Company has called its 18th Annual General Meeting (AGM) today.
The meeting of the Board of Directors of the company held on Sunday decided to hold the AGM on February 24. The meeting will begin at 1:00 pm at Hotel Classic in Simara, Bara.
In the last fiscal year 2081. The company will approve a total dividend of 10.5263 percent of the current paid-up capital proposed for the company. This includes 5 percent bonus shares and 5.5263 percent cash dividend.
The AGM will endorse a special proposal to approve the increase in the issued and paid-up capital to the extent after the distribution of bonus shares. The meeting shall adopt a proposal to add objectives and revise the memorandum of understanding as per the need of the time. The meeting will also endorse a proposal to authorize the Board of Directors to implement the suggestions and directives received from the regulatory body while amending the Memorandum of Association and Articles of Association.
The meeting approved the annual and auditor’s report of the last fiscal year and the current fiscal year 2082. 83. The meeting shall approve the proposal relating to the appointment of the auditor and the determination of his/her remuneration.
The company has decided to close the book on February 29 for the purpose of dividend and meeting. This means that only shareholders who have been held before February 29 will be eligible to receive dividends and attend meetings.
