Joint Stock Company – Tarlan Avukatlık Bürosu Bloğu

21 Mar 202329 Mar 2023

POSTPONEMENT OF GENERAL ASSEMBLY MEETINGS IN JOINT STOCK COMPANIES

According to Turkish Commercial Code (“Code”) joint stock companies must convene the annual general assembly meetings at least once in a year. In these meetings the resolutions about financial statements, activity reports, election and release of board members, dividend distribution and other related issues are taken. Although the general assembly meetings must be held within 3 months after the fiscal year ends, the Code and the Regulation on the Procedures and Principles of General Assembly Meetings of Joint Stock Companies and Representatives of the Ministry of Customs and Trade to be Present at These Meetings (“Regulation”) regulate specific conditions in which the general assembly meetings may be postponed. In this article, we would like to mention about these conditions.

17 Jan 202317 Jan 2023

THE COMPARISON OF JOINT STOCK AND LIMITED LIABILITY COMPANIES IN TÜRKİYE

In Turkish law, although there are many types of companies, the most familiar ones are joint stock and limited liability companies. Numerous Turkish and foreign business people are in need of learning about the characteristics of these companies, the differences between them, and their advantages and disadvantages compared to the business they will do before establishing a company or investing in a company. Due to the nature of each business, of course, a detailed analysis cannot be made in the legal frame without examining the business and the desired partnership structure, but we would like to point out a few basis differences between these companies in 10 points that are at least be guiding.

26 Apr 20222 Jun 2022

THINGS TO DO IN JOINT STOCK AND LIMITED COMPANIES AFTER THE FISCAL YEAR ENDS

Turkish Commercial Code (“Code”) regulates some obligations for joint stock companies and limited companies that need to be fulfilled after the fiscal year is over. In addition, the Code regulates sanctions for some of those obligations if they are not fulfilled in due time. In this article, we would like to point out the important obligations of joint stock and limited companies after the financial year ends.