NOTICE OF 41st ANNUAL GENERAL MEETING OF RICB

NOTICE IS HEREBY GIVEN that the 41st Annual General Meeting of the Shareholders of Royal Insurance Corporation of Bhutan Limited (RICB) will be held in the Conference Hall of the Hotel Druk, Thimphu on Monday, April 4, 2016 at 2:00 PM to transact the following business:

1. Adoption of the Directors’ Report and Audited Financial Statements of RICB and RICB Securities Ltd. for the financial year ended December 31, 2015 and Auditors’ Report thereon.
2. Declaration of dividend, if any, for the year ended December 31, 2015.
3. Consideration of retirement and appointment of Board Directors of RICB and RICB Securities Ltd. 
4. Appointment of Statutory Auditors of RICB for the financial year 2016.
5. Ratification of Directors’ remuneration and benefits for the year 2015.
6. Approval for merger of RICB Securities Limited with RICBL
7. Any other matters.

All the Shareholders are earnestly requested to make it convenient to attend the meeting in person or by proxy. The forms for proxy and nomination of directors are available from RICB’s office on demand or can be downloaded from our website www.ricb.com.bt. Nomination of candidate for board of directors shall be filed as prescribed, and the same (in original) should reach the company SEVEN (7) days before the Annual General Meeting addressed to the Company Secretary, Royal Insurance Corporation of Bhutan Limited, P.O.Box 315, Norzin Lam, Thimphu.

In order to facilitate the Management to make arrangement for the meeting, it would be appreciated if written confirmation of the Shareholders participation at the meeting is conveyed to the Company Secretary latest by March 25, 2016 at Fax No. 02323677 or through e-mail: phdorji@gmail.com. For further information, please contact Phub Dorji, Company Secretary, RICB at 328307 or 17671648.

By Order of the Board

Management