United Insurance 22nd AGM  today; To endorse 20% stock dividend

United Insurance Company (Nepal) Limited (UIC) is convening its 22nd Annual General Meeting (AGM) today (Ashad 20, 2073). The AGM is going to be held at Trade Tower, Third Floor, Thapathali, Kathmandu at 9: 00 AM. . Main agendas of the AGM are:

• To endorse 20 percent bonus shares and cash dividend (for tax purpose) worth Rs 14, 43,532 from the net profit it earned from the fiscal year 2071/72.
• After issuance of bonus share its paid up capital will increase and to amend the article of association accordingly.
• Authorized BOD to amend article of association.

Other agendas of the AGM include financial highlights of 2071/72 and appointment of auditor. Only those shareholders owning shares till Ashad 2, 2073 is entitled to the bonus of the company. The register of their shareholders has been closed from Ashad 3, 2073 till today for the purpose of its AGM.