directors – Muhasebe News https://www.muhasebenews.com Muhasebe News Thu, 28 Mar 2019 15:22:18 +0000 en-US hourly 1 https://wordpress.org/?v=6.3.5 Can we increase the attendance fee with the decision of board of directors of a joint stock company? https://www.muhasebenews.com/en/can-we-increase-the-attendance-fee-with-the-decision-of-board-of-directors-of-a-joint-stock-company/ https://www.muhasebenews.com/en/can-we-increase-the-attendance-fee-with-the-decision-of-board-of-directors-of-a-joint-stock-company/#respond Thu, 28 Mar 2019 15:22:18 +0000 https://www.muhasebenews.com/?p=52923 We are paying attendance fee to our board members with the decision of the general assembly. We want to increase the amount. Can we increase the attendance fee with the decision of he board of directors?

The general assembly is entitled to pay and decide on the attendance fee of the board members of a joint stock company. Therefore, it is only under the authorization of the general assembly to pay, designate and increase the attendance fee. The Board of Directors of the joint stock company is not authorized to pay, increase on decrease the attendance fee.

 

 

 

Source: İSMMMO
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.

]]> https://www.muhasebenews.com/en/can-we-increase-the-attendance-fee-with-the-decision-of-board-of-directors-of-a-joint-stock-company/feed/ 0 Is It Compulsory For Board of Directors To Keep Minute Book In Limited Companies? https://www.muhasebenews.com/en/is-it-compulsory-for-board-of-directors-to-keep-minute-book-in-limited-companies/ https://www.muhasebenews.com/en/is-it-compulsory-for-board-of-directors-to-keep-minute-book-in-limited-companies/#respond Fri, 02 Nov 2018 08:00:19 +0000 http://www.muhasebenews.com/?p=9333 In Limited Companies, it is not compulsory for Board of Directors to keep Minute Book. On the other hand, those who wouldn’t like to keep this book are compulsory to write the decisions taken in Limited Companies in general meeting and negotiation book. The decisions taken by the Directors or the Board of Directors with regard to corporate management can be written in general meeting and negotiation book as well as in minute book of Board of Directors.

In the event of keeping Minute Book of Board of Directors, the judgements concerning to the minute book of Board of Directors including approval of opening and closing should be applied. In case of writing the decisions in general meeting and negotiation book, it is compulsory to write the issues stated in the second clause of article 10 of Account Books Communique. In process of keeping a separate minute book of Board of Directors, the decision of the Director or the Board of Directors will not be written in general meeting and negotiation book.

Source: Turkish Trade Law
Date: 1 March 2017

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.

]]> https://www.muhasebenews.com/en/is-it-compulsory-for-board-of-directors-to-keep-minute-book-in-limited-companies/feed/ 0 Which Information Should Be Included In A Joint Company’s Minutes of General Meeting? https://www.muhasebenews.com/en/which-information-should-be-included-in-a-joint-companys-minutes-of-general-meeting/ https://www.muhasebenews.com/en/which-information-should-be-included-in-a-joint-companys-minutes-of-general-meeting/#respond Fri, 17 Aug 2018 10:00:05 +0000 https://www.muhasebenews.com/?p=23673 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

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.

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