National Life Insurance announced its FY 2073/74 AGM; to endorse 13.5% bonus shares
Thu, Mar 7, 2019 7:58 AM on AGM/Special AGM, Book Closure, Latest, Stock Market,
National Life Insurance Company Limited (NLICL) is convening its 30th Annual General Meeting (AGM) on Chaitra 15, 2075. The AGM is going to be held at National Life Building, Central office, Lazimpat, Kathmandu at 10: 30 AM.
Main agendas of the AGM are:
- To endorse 13.5 percent bonus share and Rs 1.88 cr worth cash dividend for tax purpose for the fiscal year 2073/74 and the fraction shares will be adjusted next years dividend.
- To amend article of association and memorandum of association as per directed by registrar officer or insurance Board.
- To increase the issued capital to Rs 4 arba.
- To merged existing 2 promoters group viz. Group A Promoter – Promoter Group and Group B Promoter-Foreign Investors Group into single promoter group.
- Other main agendas of the AGM include financial highlights of 2073/74, appointment of auditor for FY 2074/75, to amend the allowance of BOD members.
Only those shareholders owning shares till Falgun 30, 2075 were entitled to the bonus share of the company. The register of their shareholders remained closed from Chaitra 1, 2075 till Chaitra 15, 2075 for the purpose of its 30th AGM.
With the adjustment of the bonus shares, the paid-up capital of the company will reach Rs 3 arba.
