Kathmandu. Today is the last day to secure the dividend of National Life Insurance Company. As the company is scheduled to close the book on June 15, only the shareholders of NEPSE till date will be able to participate in the company’s meeting and receive the approved dividend.
As per the decision of the board of directors of the company held on May 17, the meeting has called for the 37th Annual General Meeting at 10:30 pm on June 15.
The meeting also decided to pay 10 per cent cash dividend and 5 per cent bonus shares of the existing paid-up capital of Rs 5.21 billion. It will pass a proposal to adjust the cash dividend of 789473 percent.
The meeting will pass the financial statements including the annual report of the last fiscal year, auditor’s report and appoint an auditor for the current fiscal year and determine his remuneration. The meeting will also pass a proposal to approve the expenses incurred by the company in the last fiscal year and empower the board of directors to make necessary amendments to the company’s management letter and regulations.
The meeting will also elect three directors from the founding group ‘A’ category and two directors from the general investor ‘group ‘B’.
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