Sunrise Bank & Narayani National Finance separate SGM on Jestha 20; Sunrise Bank to endorse acquisition with Narayani National Finance
Wed, May 18, 2016 11:06 AM on Latest, Featured, AGM/Special AGM,
Sunrise Bank Limited (SRBL) will be convening its Special General Meeting (SGM) on Jestha 20, 2073. The AGM is going to be held at Amritbhoj Caters, Kalikasthan, Dillibazar, Kathmandu at 11:00 AM.
Main agendas of the SGM are:
- Authorized BOD to initiate acquisition process with Narayani National Finance by Sunrise Bank Limited.
- To appoint auditor to do Due Diligence Audit for the purpose of acquisition process.
- To approve the aquisition of the BFIs by endorsing Due Diligence Audit (DDA) and Share Swap Ratio.
- To endorse scheme of arrangement and memorandum of understanding (MOU) for the acquisition process.
- After the completion of acquisition process to amend article of association and memorandum of association as per directed by registrar officer or Nepal Rastra Bank.
- After the acquisition with NarayaniFinance,issued capital and paid up capital will increase also the share structure will be changed and to amend the article of association accordingly.
- To authorize BOD to complete necessary procedure required for acquisition of National Finance by Sunrise Bank.
- Authorized BOD to initiate acquisition process with Narayani National Finance by Sunrise Bank Limited.
- To appoint auditor to do Due Diligence Audit and Share Swap Ratio for the purpose of acquisition process.
- To endorse scheme of arrangement and memorandum of understanding (MOU) for the acquisition process.
- To authorize BOD to complete necessary procedure required for acquisition of National Finance by Sunrise Bank.
