NCC Bank 16th & 17th AGM to endorse 38% stock dividend
Wed, Jul 15, 2015 12:00 AM on AGM/Special AGM,
ShareSansar, July 15:
NCC Bank Limited (NCCB) is holding its 16th and 17th Annual General Meeting (AGM) today (Ashad 30, 2072). The AGM will be held at Nirvana Hotel, Siddhartha Nagar, Rupandehi at 10 AM.
The main agenda of the AGM is to endorse 38 percent bonus share and 2 percent cash dividend (for tax purpose) to its shareholders from the net profit earned in the last two fiscal years 2069/70 and 2070/71.
After the issuance of bonus share, NCC Bank will meet the requirement of paid up capital i.e. 2 arba set by NRB. At present it’s paid up capital stands at Rs 1.47 arba.
Nepal Rastra Bank (NRB) will hand over the management to NCC Bank after the AGM. NCC Bank has been under the control of NRB since 2070.
The others agendas of the meeting are to approve financial highlights of 2069/70 and 2070/71, appointment of auditor, amend article of association and merger.
NCCB had reported net profit of Rs 33.19 crore in its Q3 financial report of the fiscal year 2071/72.
