General Insurance Company Nepal Limited (GIC) has called its 4th AGM on 31st Jestha, 2079. The meeting will be held in Amritbhog, Kalikasthan, Dillibazar, Kathmandu, starting at 11 am that day.
Among other agendas, the AGM will endorse the decision to issue 30% right shares on its current Rs 1 arba paid up capital. The meeting of the board of directors held on Jestha 06 decided to issue 1: 30 right shares worth Rs. 30 crore on the paid-up capital of Rs. 1 Arba.
Additionally, the meeting will propose to provide the Board of Directors the authority to merge or purchase a suitable firm to handle non-life insurance business. There is also an agenda to discuss about raising the company’s authorized capital, issue…
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