Asian Life Insurance Annual, General Meeting has been completed

Kathmandu : Asian Life Insurance Company Limited has completed its 16th annual general meeting. The general meeting passed a resolution regarding the distribution of 7.75 percent bonus shares of the company’s current paid-up capital and 0.4078 percent cash dividend required for tax purposes.

Similarly, it has also passed a proposal to issue right shares in the ratio of 91:0.420 of 42% of the paid-up capital that will be retained after the distribution of 7.75% bonus shares. The meeting approved the agenda for the approval of bonus shares and rights issue to the extent of issue and paid-up capital.

In order to change the structure of the board of directors after the change in the share structure, the board of directors will have 3 members from the founding group, 2 members from the general group and one independent director, on the proposal to make necessary amendments and regulations has also been passed.