Lumbini General Insurance Company Limited 15th AGM Notice:
Lumbini General Insurance Company Limited
Notice of the 15th Annual General Meeting
As per the decision of the Board of Directors meeting No. 206 held on 2077-02-32, the following date, place, and time of the annual general meeting of Lumbini General Insurance Company Limited is to be held.
Date, place and time of the general meeting
Date: Wednesday, Ashad 24, 2077 (Accordingly, July 05, 2020)
Location: Company Office, Gyaneshwar, Kathmandu.
Time: 11 a.m.
Topics for discussion:
A) To pass the 15th Annual Report 2075/076 of the Board of Directors.
B) With the report of the auditor in the month of Ashadh 2076 BS, AB 2075/076. To pass the profit and loss account and cash flow details and schedules.
C) 0.406% of the paid-up capital for the tax purposes of the bonus shares provided from the profits of the fiscal year 2075/076. 42.90 million / - cash dividend to be sanctioned.
D) To appoint the auditor for the fiscal year 2076/077 as per the recommendation of the audit committee and to fix his / her remuneration.
E) Special offer:
1) The current issued and paid-up capital of the company has been increased from Rs. 1,05,60,00,000 / - (Rs. 1.5 billion) to Rs. 1,14,18,00,000 / - [one billion fourteen crore eighteen lakhs) and for that purpose, as proposed by the Board of Directors, out of the profits of the fiscal year 2075/076, Rs. To issue a 5.125% bonus share of the paid-up capital equal to Rs. 55,500,000 / - (Rs. 58 million).
E) To amend Article 5 (b) and 5 / c) of the management letter as per the provision of No. (1).
F) To reduce the number of operators and for that purpose to amend the rules 52).
G)To give authority to the Board of Directors to make necessary adjustments in the proposed amendment of the management letter as per the direction of the concerned body. To elect 2 directors from group "B" of general shareholders.
2) Miscellaneous.
General meeting information:
- For the purpose of the general meeting, the shareholder registration book will be closed for one day on the 6th of Ashadh, 2077 BS. Date of Closing of Shareholder Donor Book: Until the day before 2077-03-08, Nepal Stock Exchange Ltd. Only existing shareholders can participate in the Annual General Meeting on the basis of the details submitted to the Registrar of NIBIL Ace Capital Ltd., Lazimpat, Kathmandu along with the required documents for the transfer of shares and rejection of filings by the date of closing of the Shareholder Registration Book. Are
- Arrangements will be made to view the report of the Board of Directors and financial statements including the report of the auditor from the company's website www.lgic.com.np and also from the office of the company, Gyaneshwar or Share Registrar NIBIL Ace Capital Ltd., Lazimpat, Kathmandu.
- The general shareholders participating in the meeting will have to submit the Demat account number and gross identity card on the day of the meeting. In the case of shareholder dignitaries who have not dematerialized their shares, they are requested to bring a certificate of share or a copy of it or a certificate of citizenship with the shareholder's identification number.
- The shareholders who want to appoint a representative (proxy) must appoint one of the shareholders of the company as their representative. Capital Ltd.,
- A person who is listed as a custodian in the company's share logbook on behalf of a minor or intoxicated shareholder may attend the meeting, vote, or appoint a representative.
- If the proxy is duplicated, the previously registered proxy will be recognized. If the shareholder withdrawing the proxy signs in the meeting, the proxy will be automatically canceled.
- Shareholders wishing to discuss various topics under discussion should submit the subject of discussion in writing to the Chairman of the Board of Directors through the Company Secretary 7 days before the meeting.
- Due to the global spread of coronavirus (Covid-19), attendance and seating arrangements should be maintained at a distance of at least 1 meter while attending the meeting.
- If any shareholders want to express their views through video conference at the meeting, they will have to write their name to the company secretary two days before the meeting. Arrangements will be made for the shareholders to attend the meeting by providing a meeting ID/password through a video conference.
- Date of the election of 2 directors representing Group B of general shareholders; It will be published in the head office of the company by the election official on 2077-03-21. The qualification of the candidate will be as per the Companies Act, 2063 BS, and the Directive on Institutional Good Governance, 2075 BS. The head office of the company can be contacted for election-related issues and other information.
- The attendance book will be open from 10:00 a.m.
