1- WHICH INFORMATION SHOULD BE INCLUDED IN A JOINT COMPANY’S MINUTES OF GENERAL MEETING?
1.1- Minutes of the proceedings includes the shareholders or their representatives, the shares they have, the numbers, nominal values, the questions asked in the general meeting, the answers that were given, the decisions that were made, the number of yes and no votes for each decision. Minutes of the proceedings is signed by the chairman/chairwoman; it is otherwise invalid.
1.2- The General Assembly must give a notarized copy of the minutes of proceedings to the Trade Registry Office immediately register and announce the issues related to registration and announcement; minutes of the proceedings is also published on the company website.
2- FOR WHOM THE COMPANY GENERAL ASSEMBLY DECISIONS ARE VALID?
The decisions made by General Assembly are valid for shareholders who have not been present in the meeting or used negative votes.
3- WHAT KIND OF CONSEQUENCES DO THE GENERAL ASSEMBLY DECISIONS RELATED TO BALANCE SHEET APPROVAL CAUSE?
General Assembly Decision related to the balance sheet approval, unless otherwise stated, causes the acquittal of general assembly members, directors and auditors. In addition, some issues have not been stated or as stated as necessary or if the balance sheet includes some issues that prevent the real situation to be opbserved and it has been purposeful, it has no consequence of acquittal.
Source: Turkish Commercial Law
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