Investors with shares of women’s microfinance are getting richer,
Women’s Microfinance Financial Institution Limited is holding its annual general meeting today. As per the decision made by the meeting of the Board of Directors held on Saturday, November 13, the fourth annual general meeting of the organization will start at 10:30 am today at the Himalayan View Resort, Dhulikhel-3, Kavre.
As per the decision of the meeting of the Board of Directors of the organization, a proposal will be passed to distribute 47.50 percent bonus share of the paid up capital and 2.50 percent cash for tax purposes to the shareholders of the organization from the profits of the last fiscal year 2077/78.
After discussing and passing the report of the Fiscal Year 2077/78 submitted by the Chairperson on behalf of the Board of Directors in the meeting, the report of the auditor including the balance sheet till mid-August 2078 and the profit and loss account and cash flow statement of the Fiscal Year 2077/78 will be discussed and passed.
As per the recommendation of the Audit Committee for the Fiscal Year 2078/79, an external auditor will be appointed and his / her remuneration and facilities will be determined.
To authorize the Board of Directors to take forward the process of merger / acquisition, acquisition and purchase of other MFIs, to appoint a recognized appraiser to evaluate the movable and immovable property and liabilities of the organization and to fix its remuneration and merger, merger, acquisition and acquisition. And purchase agreement will be formulated.
Proposals will be passed to give authority to the Board of Directors to complete all the necessary procedures, to give necessary instructions to the Board of Directors to amend and modify the management letter and rules accordingly if necessary instructions are given by the concerned bodies to amend the management letter and rules of the financial institution.
Similarly, the organization had decided to close the book for one day on November 29 for the purpose of general meeting and dividend distribution. Therefore, only the shareholders who have remained in Nepse till December 31 will be able to participate in the meeting and receive dividends. Arthasansara has written.