: (1) A general meeting (hereafter referred to as annual general meeting) will be held by the company at the head office within 2 months from the date of closing of the annual accounts of the company every year after the sale of 5% of the shares worth 5% of the share capital issued by the company to the general public. . If at least fifty young shareholders make a written request with their signatures or if the committee deems it necessary, a special general meeting of the company will be held at any other time.
(2) The quorum of the general meeting shall not be considered complete unless at least 100 shareholders are present for the first time. If the quorum is not met and called for the second time, if 50 shareholders are present, the quorum will be considered to have been reached. However, if it is not reached as written for the second time as well, the same procedure will be submitted to the Government of Nepal and disposed of.
(3) The shareholders present at the annual general meeting will discuss the company's annual account and profit and loss account, the auditor's report on that and the committee's report on the company's work throughout the year. Until the annual general meeting can be arranged, those matters will be submitted to the Government of Nepal.
(4) In terms of one vote for each one percent share of the total capital of the company, the shareholder of the company will be entitled to vote in the same number as the percentage of shares purchased. But,
(a) He will not be allowed to vote for the purchase of shares less than one percent of the total capital of the company (b) If the share percentage is more than one unit, only the vote equal to the lower unit can be given until the upper unit is reached.
(4a) The shareholder shall not be allowed to vote at the Annual General Meeting without attending the meeting himself or without sending a representative.
(5) The decision of the meeting shall be taken by a simple majority of the shareholders present.