Citizen Life Calls Out SGM

Jul 04, 2022 11:50 AM Merolagani

Citizen Life Insurance (CLICL) has called out special general meeting (SGM). The company has called out SGM on July 22 in Hotel Himalaya Kupondole, Lalitpur at 3:00 PM.

The meeting will delegate authority to BOD to forward merger/acquisition with suitable partners and sign the merger agreement.

The meeting will also approve a proposal of amending its article and memorandum of association and increase authorized and issued capital as directed by IB.

The company is required to increase its capital to Rs 5 billion as per IB direction.

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