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LIC Nepal 14th AGM on Jestha 11; to approve 25% stock dividend

Tue, May 3, 2016 11:44 AM on Latest, Dividend, Bonus & Rights, Financial Analysis, Featured, AGM/Special AGM, Stock Market,
-ShareSansar
Life Insurance Corporation Nepal (LICN) will be convening its 14th Annual General Meeting (AGM) on Jestha 11, 2073. The AGM is going to be held at Nepal Academy Hall, Kamaladi Kathmandu at 8:30 AM. Main Agendas of the AGM are:
  • To endorse 25 percent bonus shares and 1.32 percent cash dividend for tax purpose from the net profit it earned from the fiscal year 2071/72.
  • To increase Authorized, Issued and paid up capital from Rs 85.55 crore to Rs 1.06 arba and amend article of association accordingly.
  • To approve the expenses of FY 2071/72 under ‘donation amount’.
Other agendas of the AGM include endorsement of financial highlights of 2070/71, appointment of auditor, to elect 1 BOD members from public shareholder group Only those shareholders owning shares till Baisakh 29 will be entitled to the dividend of the company. The register of their shareholders will remain close from Baisakh 30, 2073 till Jestha 11, 2073 for the purpose of its upcoming AGM.  
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