When is the general meeting of United Insurance taking place ?

United Insurance has called a general meeting on June 23 The meeting will start at 11 am at Company Shankhamul, Kathmandu.

Saba Company is presenting a special agenda to give the authority of the entire work to the Board of Directors in case of merger or acquisition process with any other non-life insurance company to increase the paid up capital. The Insurance Committee has decided to increase the paid up capital of the insurance company.

As per the directive of the committee, the minimum paid-up capital of non-life insurance companies should be Rs 2.5 billion and the minimum capital of life insurers should be Rs 5 billion.

Similarly, annual report, audit report, balance sheet, profit and loss will also be discussed. There is also an agenda to determine the remuneration by appointing an auditor for the fiscal year 2078-79.

The company has stated that it will not distribute any dividend to the shareholders. This time the hands of the company’s shareholders will be empty. For the purpose of the meeting, the company has closed the book on onday, May 9. The existing shareholders will be able to participate in the meeting till May 8