1- HOW RIGHT TO VOTE IS GAINED IN CORPORATES?
1.1- Shareholders use their right to vote in accordance with their shares. (Turkish Trade Law, article number 1527 is reserved.
1.2- Even though every shareholder has a certain amount, they have one right to vote. In main agreement, shareholder’s right who has more than one amount can be restricted.
1.3- During company’ financial situation is fixed, if the value of these amounts are deceased, right to vote can be protected.
1.4- The Ministry of Customs and Trade can issue a declaration regarding accumulated vote.
2- HOW RIGHT TO VOTE BEGOTTEN?
Right to vote is begotten with the paid least specific amount.
3- IN WHICH CASES PARTNERS OF CORPORATES CANNOT USE THEIR RIGHT TO VOTE?
3.1- Shareholder is not able to use his right to vote in the companies or corporates of his kin, wife or children.
3.2- The members of the board with the people, who are in charge of management, are not able to use their right to vote in discharge of the board.
Source: Turkish Trade Law
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.
