Kathmandu. Sun Nepal Life Insurance Company (LIC) has concluded its eighth and ninth annual general meeting. The meeting of the Board of Directors of the company held on Thursday decided to hold the AGM of the two fiscal years at the same time. The meeting will begin at 10:30 am at Amritbhog Caterers in Kalikasthan, Kathmandu.

The AGM will approve 20.2632 percent dividend of the current paid-up capital proposed for the fiscal year 2081÷82. This includes 5% bonus shares and 15.2632% cash dividend (inclusive of taxes).

The meeting will also approve a proposal to increase the authorized capital of the company. While amending the Memorandum of Association and Articles of Association, the meeting shall approve the special proposal provided to the Board of Directors with the authority to carry out the directives and suggestions received from the regulatory body.

The meeting will approve the annual and auditor’s reports for fiscal years 2080÷82 and 2081÷82. The meeting will endorse the proposal regarding appointment of auditor and determination of his/her remuneration for the current fiscal year 2082÷83.