The AGM also elected Pabitra Kumar Karki, Sarvottam Lal Shrestha, Madhusudan Acharya, Achyut Guragain and CN Pandey as 1st vice chairman, 2nd vice chairman, general secretary, treasurer and secretary respectively. [break]
Likewise, DK Sharma, Nabaraj Sapkota, Amanraj Timilsina, Sudhir Upadhyay, Jiswan Tuladhar and Vivek Vijayanand were elected as members in the executive committee.
Speaking after being elected, Sharma said a campaign should be started together with other tourism associations to protest bandas and chakka jams which have been portraying negative image of Nepal in international tourism market.
Laxmi Bank to issue bonus shares
KATHMANDU, Jan 10: The 9th annual general meeting of Laxmi Bank has passed a proposal to issue 5 percent bonus shares and provide cash dividend equivalent to tax imposed on bonus shares to its shareholders.
Issuing a press statement on Sunday, the bank said the meeting also endorsed the special proposal to raise authorized capital to Rs 2 billion. With the issues of rights and bonus shares, the bank´s paid-up capital will reach Rs 1.61 billion.
The bank´s net profit has increased by 57.46 percent to Rs 188.9 million during the fiscal year 2008/09 as compared to the previous fiscal year. Similarly, the bank´s deposit collection, loan disbursement and investment also rose by 47.03 percent, 37.46 percent and 92.89 percent respectively as compared to previous year.
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