NCC Bank to convene AGM on Bhadra 23; 15.89% bonus shares and BOD's election major agendas

Nepal Credit and Commerce Bank Limited will be convening its 20^th and 21^st AGM on Bhadra 23, 2076. The meeting will be convened in the premises of Rastriya Sabha Griha, Brikutimandap, Kathmandu at 11:00 AM.

 The main agendas of the meeting include

• To endorse 15.89% bonus share (of existing capital of Rs 7.01 arba) worth Rs 1.11 arba from the FY 2074/75 net profit and 0.83% cash dividend worth Rs 5.86 crore (for tax purpose) for the shareholders.
• The fractional stock dividend will be adjusted in future. After the distribution of bonus share, issued and paid up capital will rise to Rs. 8.13 arba and to amend MOA and AOA accordingly.
• To conduct election for 6 directors including 3 representing from promoter shareholders group and 3 representing from public shareholders group including 1 female.
• To amend MOA and AOA for issuing FPO, work as depository participants and to establish subsidiary company to work as securities business.
• To give authority to BOD’s for merger and acquisition with appropriate partners.
• Other agendas of the meeting include endorsement of audited financial report for the FY 2073/74 and FY 2074/75, appointment of statutory auditor for the FY 2075/76.

For the purpose of the meeting the shareholders register book of the bank will remain closed on Shrawan 26, 2076 i.e the shareholders holding the shares of the bank till Shrawan 23, 2076 (last trading day before book closure) can claim for dividend and participate on AGM.