The meeting of the board of directors held on 6 Jestha, 2079 at 5:30 p.m of General Insurance Company Nepal Limited (GIC) has decided to issue 30% right shares upon getting approval from the Beema Samiti(Insurance Board). 

The Insurance Regulatory Authority Committee issued a directive to increase the capital within a year. In fact, the committee has set a minimum capital of Rs 2.5 Arba for non-life insurance companies. Further stating that this limit should be reached by Chaitra 2079. The insurance committee has also instructed not to give priority to the issue of right shares for capital increase. It is visible that the committee has attempted to lessen the range by forcing the Insurance companies to head for…


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