General Insurance Company Nepal Limited (GIC) Calls its 4th AGM to Endorse 30% Right Shares; What are the other Agendas?

General Insurance Company Nepal Limited (GIC) has called its 4th AGM on 31st Jestha, 2079. The meeting will be held in Amritbhog, Kalikasthan, Dillibazar, Kathmandu, starting at 11 am that day.

Among other agendas, the AGM will endorse the decision to issue 30% right shares on its current Rs 1 arba paid up capital. The meeting of the board of directors held on Jestha 06 decided to issue 1: 30 right shares worth Rs. 30 crore on the paid-up capital of Rs. 1 Arba.

Additionally, the meeting will propose to provide the Board of Directors the authority to merge or purchase a suitable firm to handle non-life insurance business. There is also an agenda to discuss about raising the company's authorized capital, issue capital and paid-up capital. Also the management letter of the company should be amended after the increase in authorized capital, issue capital and paid-up capital. The shareholder registration book (book closure) is on Jestha 19. 

AGM Notice