General Amendments to the Articles of Association Although the articles of association of a joint-stock company reflect the founding will of the company at the moment of establishment, over time, due to the company’s growth, changing market conditions, updates in legal regulations, or transformations in the shareholder structure, it becomes necessary to revise the provisions […]
Auditing in Joint Stock Companies Auditing, in its broadest definition, is the process of independently and professionally examining, verifying, and reporting whether an institution’s activities, financial data, and managerial decisions comply with predetermined standards, legal regulations, the articles of association, and the principle of good faith. In the law of joint stock companies, auditing is […]
Powers of the General Assembly In joint-stock company law, the General Assembly is the supreme corporate body where shareholders come together to express their ultimate will regarding the company’s destiny, strategic direction, and fundamental existential matters. While the Board of Directors serves as the executive body responsible for the company’s day-to-day operations, the General Assembly […]
Incorporation Procedures: Articles of Association, Incorporation Process, and Capital Contributions The incorporation of a joint stock company is a serious legal process governed by Articles 335 et seq. of the Turkish Commercial Code (TCC), requiring strict compliance with a prescribed procedure. This process constitutes a chain of legal acts beginning with the preparation of the […]
General Principles and the Concept of Incorporation of Joint Stock Companies Within the systematic framework of the Turkish Commercial Code (TCC), joint stock companies are regarded as the most developed and widely used type of capital company. As an indispensable component of the economic world, joint stock companies are legal structures that enable large amounts […]