A limited companies is managed by the person or persons holding the title of director. As the managing body of the company, the directors hold the authority to manage the legal entity of the company, to take the actions binding the company on behalf of the company, to conduct the company’s affairs and represent the...
In limited companies, after the General Board resolution, the will of the company in important matters related to the company is subject to certain conditions in terms of form and procedures. If a General Meeting has been held in violation of the provisions of the Law (Turkish Commercial Code and the Turkish Code of Obligations...
In limited companies, the General Board is the decision-making body of the company, which can convene at certain times of the year or whenever necessary. During the Meeting very important decisions about the company are taken by the votes of the partners and the manner of how to convene and how to take resolutions in...
The assignment of the claim is a kind of contract in which the assignor transfers its right to claim to another. In the transfer of the claim, a legal relationship is established between the old and the new assignor and the person who is the assignee of this claim. People need to transfer their claims...
In some cases, limited companies may wish to reduce the amount of capital specified in the company’s Articles of Association. This method is used when the company has capital above the company’s needs or in order to distribute profit share to the shareholders. Reducing the basic capital amount numerically is subject to a special procedure...
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....
Banks demand from people who request a loan from them to provide a collateral in return for the loan they will give. In practice, these guarantees are usually mortgages or sureties. However, another alternative for those who do not have a real estate that they can provide to the bank as collateral or a relative...
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,...
