The capital of the limited company is a value determined in the company’s articles of association and registered and announced in the trade registry. The capital refers to the total of the capital shares subscribed to be invested in the company by the partner or partners. The capital refers to a specific and fixed amount....
General Meetings in limited companies are held in two ways: ordinary and extraordinary General Mmeetings. Ordinary General Meetings must be held every year within 3 months following the end of the accounting period and at least once a year. In this bulletin, we have explained the ordinary General Meeting in limited companies and the resolutions...
The fact that company management is in the hands of majority shareholders in joint-stock and limited companies and that the majority is effective in taking decisions leads to the protection of the shareholders who are the minority. Since the principle indicating that the shareholders shall benefit from the partnership rights at the rate of their...
Limited company shareholders have certain rights and obligations arising from the title of partnership. Partnership rights in a limited company are examined in two categories in the doctrine. These are the rights of partners regarding their assets and the rights of partners to participate. You can access detailed explanations about the partnership rights listed below,...
How to Refund the in the Limited Company Capital Share Transfer Cost? The transfer of capital shares (share transfer) in Limited Companies is made on the basis of the conditions stipulated in Article 595 of the Turkish Commercial Code. These conditions constitute the validity of the share transfer. If even one of the mandatory elements...
In limited companies, the management authority belongs to a single person holding the title of director or to more than one person. The director or directors can be chosen from among the partners of the company, and it is legally possible to elect a completely foreign person to the company as a manager. As the...
In limited companies, it is possible for the partners of the company to withdraw from the partnership under certain conditions. One of the personal rights of the partner in limited companies is the right to exit the partnership. The right to withdraw includes the partner’s free will to withdraw from the partnership. All rights and...
A Limited Company is established by one or more real or legal persons under a trading name, and its basic capital is determined and this capital consists of the sum of basic capital shares. A limited company can be established by a single person or the company can have more than one partner. In this...
The General Board in a limited company is the decision-making body formed by the presence of all the partners. It convenes once or more than once a year and takes decisions with the quorum of meetings and resolutions stipulated in the Law or in the Articles of Association on the matters to which it is...
As in every Article of Association, Articles of Association of limited companies regulates important issues such as the basic structure and functioning of the company, its capital, rights, obligations and management of the partnership. For a company, the Articles of Association is almost like its constitution. For this reason, the Articles of Association of the...