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IME Life Insurance holds AGM

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January 11: IME Life Insurance Company has decided to issue Initial Public Offering (IPO) in order to raise its paid-up capital to Rs 2 billion by the end of the current fiscal year.  As per the decision of the Insurance Board, all the insurance companies need to meet the paid-up capital requirement within the set deadline within this year. The first annual general meeting (AGM) of IME Life Insurance held on Wednesday, January 10, endorsed the proposal to issue the IPO.

The AGM also decided to implement ten new insurance policies. The meeting also approved the company’s annual audit report.

Likewise, the meeting appointed Dr Ram Hari Aryal, Iswor Kumar Karki, Deep Chandra Regmi and Sanjay Adhikari as the company’s board members representing the establishment faction of the company. Similarly, an independent expert, Aswini Kumar Thakur, has also been appointed a board member of the company.

A meeting of the Board of Directors of the company unanimously elected Dr Ram Hari Aryal as the company’s chairman.

 

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