Jyoti Life Insurance Company (JLI) Calls SGM on Shrawan 24 With These Agendas

Jyoti Life Insurance Company Limited (JLI) has called it's Special General Meeting (SGM) on 24th Shrawan, 2079. The meeting will be held in Waterfront Resort, Lakeside, Pokhara-18, Kaski, starting from 11 am that day.

These are the agendas:

1) To identify and select any suitable life insurance company for merger/ acquisition to increase its capital.
2) To approve and sign the Memorandum of Understanding (MoU) submitted by merger committee regarding the merger of Surya Life Insurance and Jyoti Life Insurance Company. Also, to approve the decision made by board of directors regarding filing an application to halt the trading of the company.
3) To appoint consultants, appraisers, and auditors to evaluate the assets and liabilities of the company and to appoint an assessor from board of directors to carry out Due Diligence Audit (DDA) of the company.
4) To convert the promoter to public shareholding ratio from 70:30 to 51:49.
5) Misc.

SGM Notice