Home TTK Where And When Are The Joint Company Meetings Are Made?

Where And When Are The Joint Company Meetings Are Made?

1428
0

1- WHERE AND WHEN ARE THE JOINT COMPANY MEETINGS ARE MADE?
1.1-
 General Assemblies have stated meetings and emergency meetings. Stated meetings are done in 3 months since the end of operating cycles. In these meetings, negotiations and decisions are made for the choice of members, financial tables, the yearly reports of executive board, the usage of profit, determination of the profit and earning shares that will be distributed, all the issues related to operating cycles and other necessary matters.
1.2- General Assembly is called for emergency meeting when necessary.
1.3- General Assembly meets in the headquarters of the company, unless there’s a provision against it in the prime contract.

2- WHO CAN CALL THE GENERAL ASSEMBLY FOR MEETING?
2.1-
 General Assembly, can be called for meeting by the executive board even if it’s out of date. Liquidating agents can also call the general assembly for meeting related to their responsibilities.
2.2- In case the General Assembly can’t meet frequently and there is no opportunity fort he meeting quorum or the meeting quorum isn’t present, with a permission from the court, a single shareholder can call the general assembly to meeting. Court’s decision is final.

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.

Previous articleDo you know what happens when you does not pay your tax?
Next articleWhat Are Your Tax Liabilities When You Buy a Real Estate in Turkey?

LEAVE A REPLY

Please enter your comment!
Please enter your name here