Nepal Community Development Bank conducting 8th AGM today; Shareholders to receive 8.61% bonus shares
Fri, Jun 1, 2018 2:41 AM on AGM/Special AGM, Stock Market, Latest,
Nepal Community Development Bank Limited (NCDB) is convening its 8th AGM today i.e. Jestha 18, 2075. The meeting is going to be held in Durbar Lawn, Rupandehi at 9:00 AM.
The main agendas of the meeting include:
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To distribute the proposed 8.61% bonus shares for the shareholders worth Rs 4,17,46,120.
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Revise the address of the central office of the development bank.
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Revision of MOA and AOA with regard to expansion of working areas and increment of authorized & issued capital.
Other agendas to be discussed in the meeting are endorsing the audited financial report of fiscal year 2073/74, appointment of statutory auditor for the fiscal year 2074/75 and appointment of 2 directors from the ordinary shareholders group.
For the purpose of the AGM, the shareholders register book remained closed from Baisakh 28, 2075 till Jestha 18, 2075 i.e. the shareholders holding the shares of the development bank till Baisakh 27 will be able to attend the meeting and receive the bonus shares.
Nepal Community Development Bank has earned net profit of Rs 2.16 crore till the end of third quarter of FY 2074/75. Its current paid-up capital remains at Rs 48.46 crore, and after capitalization of the 8.61% bonus shares, the capital will increase to Rs 52.63 crore.
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