Nepal Investment’s FPO of 90 lakh units after the issuance of bonus share; paid up capital to reach Rs 7.25 arba
Fri, Oct 9, 2015 1:53 PM on Latest, Dividend, Bonus & Rights, Featured, AGM/Special AGM, Book Closure, Stock Market,
Nepal Investment Bank Limited (NIB) is going to conduct its 29th AGM on Kartik 30, 2072. The AGM will be held at Nepal Academy Hall, Kamaladi, Kathmandu, 10 am.
The main agendas of the meeting are:
- To endorse 33% bonus share from the net profit of fiscal year 2071/72. As the issuance of bonus share capital will increase paid up capital, the AGM will also amend the article of the association to increase authorized capital, issued capital and paid up capital.
- To amend clause 5 (d) and 5 (e) of the memorandum of the association.
- To amend the articles 8 (2), 8 (2) (a), 8 (2) (b) and 8 (3) of the association.
- To add article 19 (6) after 19 (5)
- To amend the article 31 (1) (b) of the association.
- To maintain 30% stake of the public shareholders as per the directive of Nepal Rastra Bank, the bank will issue additional shares to the public shareholders to increase the paid up capital after the issuance of bonus share.
- Authorize BOD to initiate merger or acquisition process with other bank and financial institutions.