Guardian Micro Life Insurance Limited held its second annual general meeting today at Hotel Airport in Biratnagar. During the meeting, the company approved a special proposal to move forward with a merger with a suitable insurance company and increase its capital. The board of directors has been given the authority to carry out this process.
Additionally, the company decided to amend its memorandum and articles of association. The meeting also discussed and approved the annual report and financial statements for the previous fiscal year. Other key decisions included the appointment of an auditor for the current fiscal year, determination of their remuneration, election of two directors, approval of director allowances and benefits, and approval of company expenditures.
