BOD Election of Upper Tamakoshi Gets Postponed for 2nd time

Jul 16, 2019 02:00 PM Merolagani

The board of directors meeting of Upper Tamakoshi Hydropower has postponed for the second time following the order of Patan High Court.

Previously, in the AGM conducted on June 26, 13 shareholders filed nomination for the election of 4 directors. Among 13 candidates, the nomination of Goshai KC was canceled.

Then after, Goshai KC filed a writ petition against the company in Patan High Court on the ground of absence of female seat in the board of director.

Now, the election will be postponed until the article of association of the company designates a seat for a female director in its BOD.

comments powered by Disqus

NRB to Invest 1.48 Billion in Fixed Deposit

Dec 05, 2019 12:00 PM

Nepal Rastra Bank (NRB) is investing Rs 1.48 billion on 'A' listed commercial banks, 'B' listed national level development banks and 'C' listed national level finance companies.