General Insurance Company (GIC) Proposes To Issue 30% Right Shares

General Insurance Company (GIC) Proposes To Issue 30% Right Shares

The meeting of the board of directors held on 6 Jestha, 2079 at 5:30 p.m of General Insurance Company Nepal Limited (GIC) has decided to issue 30% right shares upon getting approval from the Beema Samiti(Insurance Board).

The Insurance Regulatory Authority Committee issued a directive to increase the capital within a year. In fact, the committee has set a minimum capital of Rs 2.5 Arba for non-life insurance companies. Further stating that this limit should be reached by Chaitra 2079. The insurance committee has also instructed not to give priority to the issue of right shares for capital increase. It is visible that the committee has attempted to lessen the range by forcing the Insurance companies to head for the merger, directing them to elevate the desired capital without issuing the right shares.

Due to this notice of the Insurance Board (IB), many insurance companies have started merging up. Previously, Everest and Himalayan General Life Insurance Company had merged and another three life insurance companies; Union Life, Gurans Life, and Prime Life Insurance sign a historic merger deal.

Keeping in view the provision made by the IB in this matter, the meeting of the board of directors held of General Insurance Company Nepal Limited decided to issue 30% right shares. The current paid-up capital of the company based on its 3rd Quarterly Report for FY 2078/79 is Rs. 1 Arba.

General Insurance Company (GIC) Proposes To Issue 30% Right Shares
News 3 days 2 Person

General Insurance Company (GIC) Proposes To Issue 30% Right...

The meeting of the board of directors held on 6 Jestha, 2079 at 5:30 p.m of General Insurance Company Nepal Limited (GIC) has decided to iss...

Apple iPhone 13 Pro
Phones & Tablets 3 days 2 Person

Apple iPhone 13 Pro

Now iPhone can shoot with shallow depth of field and automatically add elegant focus transitions between subjects. Cinematic mode can also a...

Book Keeper App Complete Accounting Solution
Software 3 days 2 Person

Book Keeper App Complete Accounting Solution

Complete Accounting Solution No complex accounting terms, maintain accounting books with ease, no accounting/bookkeeping knowledge required...

Apple MacBook Pro 14″
Laptops & Computers 3 days 2 Person

Apple MacBook Pro 14″

The most powerful MacBook Pro ever is here. With the blazing-fast M1 Pro or M1 Max chip — the first Apple silicon designed for pros — you ge...

Shikhar Insurance Company Limited (SICL) Auctioning 77,720.88 Unclaimed Right Shares
News 3 days 2 Person

Shikhar Insurance Company Limited (SICL) Auctioning 77,720.8...

Shikhar Insurance Company Limited (SICL) is auctioning its ordinary shares. This is the unclaimed portion of the rights offering. The auctio...

Apple MacBook Pro (14-inch, Apple M1 Pro chip with 8‑core CPU and 14‑core GPU, 16GB RAM, 512GB SSD) - Silver
Laptops & Computers 3 days 2 Person

Apple MacBook Pro (14-inch, Apple M1 Pro chip with 8‑core CP...

Apple M1 Pro or M1 Max chip for a massive leap in CPU, GPU, and machine learning performance Up to 10-core CPU delivers up to 3.7x faster p...

Eligibility For Bachelor of Computer Application
Education & Training 3 days 2 Person

Eligibility For Bachelor of Computer Application

Students who have passed grade 11 and are waiting for the results of the supplementary exam (Purak Pariksha) of grade 12 can also apply. How...

Senior UI/UX Engineer (Web & mobile)
Jobs 3 days 2 Person

Senior UI/UX Engineer (Web & mobile)

We are currently looking for a Senior UI/UX Engineer. As a Senior UI/UX Engineer, you will work solving complex UI/UX issues on world-class...

Complete SEO Training Course for Professionals
Education & Training 3 days 2 Person

Complete SEO Training Course for Professionals

SEO (Search Engine Optimization) is a technique used to improve the visibility of a website in search engines. SEO training is essential for...

ISO 22301 Business Continuity Management System Trainings
Education & Training 3 days 2 Person

ISO 22301 Business Continuity Management System Trainings

As an international standard for Business Continuity Management System, the ISO 22301 is designed to protect, reduce the likelihood of occur...

Nepal Finance Limited (NFS) Opening 1: 0.70 Right Share Issue
News 3 days 2 Person

Nepal Finance Limited (NFS) Opening 1: 0.70 Right Share Issu...

Nepal Finance Limited (NFS) has published an offer letter to issue its rights offering to shareholders. The issue will open today, i.e. on J...

iPhone 12 Mini
Phones & Tablets 3 days 2 Person

iPhone 12 Mini

Display: 5.4‑inch (diagonal), Super Retina XDR display, 2532 x 1170 pixels resolution Chip: A14 Bionic chip, Hexa Core processor, 5nm proce...

iPhone 13 Pro Max
Phones & Tablets 3 days 2 Person

iPhone 13 Pro Max

6.7 inches Super Retina XDR OLED, Dolby Vision, HDR10, 1284 x 2778 pixels Ceramic Shield, Glass front, Glass back, Aluminum frame Chipset:...

ISO/IEC 27002 Training Courses and Certification
Education & Training 3 days 2 Person

ISO/IEC 27002 Training Courses and Certification

ISO/IEC 27002 is an international standard that provides guidelines for selecting and implementing information security controls and for imp...

Building Sustainable, Responsible and Inclusive Tourism Post COVID-19
Education & Training 3 days 2 Person

Building Sustainable, Responsible and Inclusive Tourism Post...

2020 has been the most difficult year in the history of tourism. International arrivals fell by 72% in the first ten months of 2020, with tr...

Kathmandu & Pokhara Tour - 5 nights/ 6 days
Tourism and Travel Services 3 days 2 Person

Kathmandu & Pokhara Tour - 5 nights/ 6 days

On arrival at Tribhuvan Intl. airport Kathmandu for Scenic tour of Kathmandu & Pokhara pass through custom & immigration and later meet our...

Nepal School Mela Facebook Live Quiz 2022
Local Events 3 days 2 Person

Nepal School Mela Facebook Live Quiz 2022

It is known that Nepal School Mela-2022 which has been running in association with PABSON and various organizations including N-PABSON is Ne...

Mid Level ASP .NET Developer
Jobs 3 days 2 Person

Mid Level ASP .NET Developer

JOB DESCRIPTION / ROLES No of Vacancies : 3 Location : Pulchwok, Lalitpur

iPhone 12 Pro
Phones & Tablets 3 days 2 Person

iPhone 12 Pro

Display: 6.1-inch Super Retina XDR OLED, 1170 x 2532 pixels resolution, 1200 nits max brightness, 60Hz refresh rate Chip: A14 Bionic chip,...

PHP with Laravel Training
Education & Training 3 days 2 Person

PHP with Laravel Training

PHP is a server-side scripting language having several frameworks, for instance, Laravel, Symfony, Phalcon and CakePHP etc. The fundamental...

Trending