Aarambha Chautari Laghubitta Bittiya Sanstha Limited (ACLBSL) has scheduled its 9th Annual General Meeting (AGM) for 14th Magh 2081 (27th January 2025), as per the decision made during the 157th meeting of the Board of Directors held on 21st Poush 2081.
Details of the AGM
- Date: 14th Magh 2081 (January 27, 2025, Monday)
- Time: 10:00 AM onwards
- Venue: Banepa Party Venue, Banepa-8, Kavrepalanchok
Key Agendas of the AGM:
1. General Proposals
(a) Discussion and approval of the Annual Report for Fiscal Year 2080/81 presented by the Chairperson
(b) Discuss and approve the Audited Financial Statements for FY 2080/081, including the balance sheet, profit and loss statement, cash flow, and other schedules as per regulatory requirements.
(c) Appoint an auditor for FY 2081/082 as recommended by the Audit Committee, and determine their remuneration.
- Current auditor: CA Durga Prasad Gyawali, FCA (M/s NVSM & Associates, Chartered Accountants), is eligible for reappointment.
(d) Conduct elections for:
- 4 directors from the Promoter Shareholder Group (Group A)
- 2 directors from the Public Shareholder Group (Group B)
2. Special Proposals
(a) Authorize the Board of Directors to initiate and execute processes for mergers or acquisitions with other financial institutions, as necessary.
(b) Authorize the Board or designated officials to amend the Memorandum and Articles of Association following regulatory instructions or suggestions during the approval process.
3. Miscellaneous:
Shareholders can raise additional discussion topics by submitting written notice to the company at least seven days before the meeting.
Important Information Regarding AGM
- Book Closure Date: The shareholder register will be closed for one day on 2nd Magh 2081. Only shareholders who have completed transactions by 29th Poush 2081 and whose shares are registered with the company’s registrar, Muktinath Capital Limited, will be eligible to attend the AGM.
- Registration at the Venue: Shareholder registration will begin at 9:00 AM at the AGM venue.
- Required Documents for Entry:
- Authorized identity card (e.g., citizenship certificate or share certificate copy).
- Entry pass issued for the AGM.
- Participation by Minor Shareholders: Guardians registered in the shareholder register can attend, discuss, and vote on behalf of minor shareholders.
- Joint Shareholders: The shareholder whose name appears first in the register will represent the group unless another individual is unanimously nominated by all joint shareholders.
- Proxy Representation: Shareholders can appoint another shareholder from the same group as a proxy by submitting a proxy form at the institution’s central office 48 hours before the AGM. forms can be found on the company’s website.
- Replacing Proxy: A submitted proxy can be canceled or replaced by notifying the institution 48 hours before the AGM.
- Discussion on Miscellaneous Agenda: Shareholders wishing to discuss specific topics under “Miscellaneous” must submit written proposals to the central office 7 days before the AGM.
- Contact Information: For further details or to request the annual report, shareholders can contact the office at 011-664579, 661008, or visit the office during working hours.
Shareholders are kindly requested to be present at the venue at least one hour before the AGM begins. Your participation is highly appreciated.
Notice: Aarambha Chautari Laghubitta Bittiya Sanstha Announces 9th AGM
