IME Life Insurance Company Urges Promoter Shareholders to Deposit 100% Additional Share Payment
Wed, Oct 19, 2022 11:12 AM on Latest,
IME Life Insurance Company Limited (IMELICL) has published a notice urging its promoter shareholders to deposit the 100% additional share payment by the 5th Mangsir, 2079.
According to the decision of the 5th AGM held on Ashwin 26, 2079, the company decided to increase the paid-up capital by 100%. The approval have also been received from Beema Samiti in this regard and the meeting of the board of directors held on Ashwin 31, has requested all the promoter shareholders/dignitaries to make payment for the 100% additional share by filling the share investment form available on the company's website and submit the registered vouchers to the head office of the company located at Lainchaur, Kathmandu within Mangsir 05, 2079.
Since the Insurance Regulatory Authority Committee has set a minimum capital of Rs 5 Arba for life insurance companies stating that this limit should be reached by Chaitra 2079. Therefore, the company agreed to issue 100% additional shares in order to raise its paid-up capital, which is currently Rs. 1.4 Arba and will be Rs. 2.8 Arba following the issuance.
