NMB Laghubitta Calls AGM On Ashad 32; When's the Book Closure Date?

NMB Laghubitta Bittiya Sanstha Limited (NMBMF) has called its 12th AGM on 32nd Ashad, 2082, 2082. The meeting will be held in Hotel City Square Pvt. Ltd., Pokhara, starting at 9 am that day.

These are the agendas of the AGM:

1. To discuss and approve the Annual Report for the fiscal year 2080/81 presented by the Chairman on behalf of the Board of Directors.
2. To discuss and approve the Balance Sheet as of Ashad-end 2081, Profit & Loss Account, Cash Flow Statement, and related schedules for FY 2080/81 along with the Auditor’s Report.
3. To appoint an Auditor for FY 2081/82 as per Section 111 of the Companies Act, 2063, and Section 63 of the BAFIA, 2073, and to determine their remuneration.
4. To approve amendments to Article 6(g) of the Memorandum to fix promoter shareholding at 51% and Article 6(ch) to fix public shareholding at 49%, and to amend Article 31(a) regarding the number of directors nominated/elected from the promoter group.
5. To amend Article 27(2) of the company’s bylaws regarding the structure, number, and tenure of the Board of Directors.
6. To authorize the Board of Directors or its designated official to proceed with a potential merger/acquisition with other licensed “D” class microfinance institutions, including the formation of a committee, the appointment of a valuer, signing of agreements, and all related actions.
7. To authorize the Board of Directors or its designated official to carry out any required changes to the Articles of Association or Bylaws as directed by the regulatory authorities.
8. Misc.

Ashad 24 is the book closure date. Thus, the shareholders maintained before that day are entitled to attend the AGM.

AGM Notice