Kumari Bank Limited (KBL) and Nepal Credit and Commerce Bank Limited (NCCB) has called its SGM on 25th Mangsir, 2078 respectively. The meeting of KBL will be held in its central office located at Naxal, Kathmandu whereas the meeting of NCCB will be held in Anmol Banquet, Sankhamul, Kathmandu. Both the meetings will start from 1 PM that day.
Among other agendas, both the AGM will pass a resolution regarding evaluating Due Diligence Audit and endorse share swap ratio of 1: 1 for the merger between Kumari Bank and Nepal Credit and Commerce Bank, and sign the final agreement for merger. As the bank's authorized capital, paid-up capital and issue capital will increase after the completion of merger, to pass the resolution to amend Section 5 (a), 5 (b) and 5 (c) of Articles of Association accordingly.
Furthermore, this SGM will endorse providing full authority to the board of directors to amend various merger-related proceedings accordingly if any instructions are received from the regulatory bodies.
Mangsir 15 is the book closure date for both the banks. Thus, the shareholders maintained before that day are eligible to attend the SGM.
SGM Notice of KBL
SGM Notice of NCCB