Muktinath Bikas Bank to conduct 13th AGM on December 16

Nov 19, 2019 09:45 AM Merolagani

Muktinath Bikas Bank (MNBBL) has called out its 13th annual general meeting (AGM) on December 16 in Hotel Grand Pokhara, Pokhara at 11 AM.

In the AGM, the bank is scheduled to endorse a proposal of distributing 17.60 percent stock and 0.93 percent cash dividend (for tax purpose)of the paid-up capital maintained after 20 percent right issue.

Moreover, the AGM will endorse proposal regarding raise in authorized, issued and paid-up capital and amendment in the memorandum of association (MOA) and articles of association (AOA). Moreover, the meeting will delegate authority to BOD to forward merger/acquisition procedure.

The bank is closing its book from December 9 for the AGM, thus, the shareholders registered in the book till December 8 will be eligible to participate in the AGM and obtain the announced dividend.  

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