Kathmandu. The 18th Annual General Meeting of Himalayan Life Insurance Limited (Tuesday) has passed an 8 percent cash dividend. The meeting has approved the distribution of a cash dividend of 8 percent of the paid-up capital (including tax on dividends) from the company’s distributable accumulated profit.
Similarly, the meeting approved the annual report of the Board of Directors for the financial year 2080/81, the auditor’s report prepared in accordance with the law for the period of the company’s financial year 2080/81, the balance sheet and profit/loss account and cash flow statement and related schedules.
Similarly, the meeting approved the annual report of the company’s subsidiary Himalayan Investment Banker Limited for the financial year 2080/81. The financial statements for the year 2080/81 have been approved and as per the recommendation of the Board of Directors, Auditor S.C. Lal Associates Chartered Accountants has been appointed as the external auditor for the year 2081/82.
Similarly, if the regulatory bodies give any instructions for any changes, amendments and revisions on the proposed subject of the company, the Board of Directors is authorized to do so and in accordance with Section 105 (1) (c) of the Companies Act, the Board of Directors is authorized to do so. The expenses incurred in 2080.81 have also been approved.
The program, chaired by the company’s chairman, Shulav Agarwal, was attended by Board of Directors member Pramila K.C., who delivered the welcome address, Director Sarab Dugad delivered the vote of thanks, and Chief Executive Officer Manoj Kumar Lal Karna answered the queries of the shareholders.
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