Kathmandu. Nepal Insurance Company (NIC) has called its 77th Annual General Meeting.

The meeting of the Board of Directors of the company held on Friday decided to hold the meeting on January 29. The rally will begin at 11:00 am at the Tribhuvan Army Officers’ Club in Bhadrakali, Kathmandu.

The meeting held the last fiscal year 2081. The government will approve cash dividend (including tax) of 6.3158 percent of the current paid-up capital proposed for the fiscal year. As per the current paid-up capital, the company will distribute Rs 160,962,631.87 cash dividend out of the current paid-up capital of Rs 2,5485,75,005.

The meeting shall also pass a special resolution authorizing the Board of Directors to make any suggestions or directives from the body recording the Memorandum of Association and Articles of Association of the company. The meeting approved the annual and auditor’s report of the last fiscal year and the current fiscal year 2082. 83. Approve the proposal relating to the appointment of the auditor and the determination of his/her remuneration.

The company has decided to close the book on December 30 for the purpose of dividend and meeting. This means that only the shareholders who have been in the company before December 28 will be eligible to receive the dividend and participate in the meeting.

Kathmandu. Siddhartha Premier Insurance has called its 32nd Annual General Meeting (AGM).

The meeting of the Board of Directors of the company has decided to hold the AGM on January 29. The meeting will begin at 11:00 am at the Rani Mahal Banquet in Gyaneshwor, Kathmandu.

The meeting held the last fiscal year 2081. The company will approve a cash dividend of 25 percent of the current paid-up capital (including tax). As per the current paid-up capital of Rs 2,80,65,49,900, the company will distribute a total dividend of Rs 70,16,37,475.

The meeting shall also pass a special resolution authorizing the Board of Directors to record the Memorandum of Association or any suggestion or direction received from the approving body. The meeting will pass a proposal to add the provision of ‘(g) to operate or cause to be operated by a collective investment fund scheme’ under the objectives of Section 3 of the Memorandum of Association of the company.

The meeting approved the annual and auditor’s report of the last fiscal year and the current fiscal year 2082. 83. Approve the proposal relating to the appointment of the auditor and the determination of his/her remuneration.

The company has decided to close the book on January 18 for the purpose of dividend and meeting. This means that only the shareholders who have been held before January 18 will be eligible to receive the dividend and participate in the meeting.

Kathmandu. Shikhar Insurance Company has called its 21st Annual General Meeting (AGM).

The meeting of the Board of Directors of the company held on Friday decided to hold the meeting on January 29. The meeting will begin at 11:00 am at the company’s central office located at Shikhar Biz Centre, Thapathali, Kathmandu.

The meeting held the last fiscal year 2081. The company will approve a total dividend of 6.3158% of the current paid-up capital proposed for the company. This includes 6 percent bonus shares and 0.3158 percent cash dividend for tax purposes.

The meeting shall also pass a special resolution authorizing the Board of Directors to make any suggestions or directives from the regulatory body while amending the Articles of Association and Memorandum of Association of the Company. The meeting will elect 2 directors from the general public. The AGM will endorse the decision of the AGM to appoint Ashmank Karki to the post of director following the resignation of Dinesh Braj Bajracharya from the general public.

The meeting approved the annual and auditor’s report of the last fiscal year and the current fiscal year 2082. 83. Approve the proposal relating to the appointment of the auditor and the determination of his/her remuneration.

The company has decided to close the book from December 28 till the conclusion of the AGM. This means that only the shareholders who have been in the company before December 28 will be eligible to receive the dividend and participate in the meeting.