Home Tax Who is Responsible for the public debts of Industry Trade Limited Companies?

Who is Responsible for the public debts of Industry Trade Limited Companies?

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1- Who is Responsible for the public debts of Industry Trade Limited Companies?

1.1- Partners of limited companies will be responsible for the public debts which cannot be collected totally o partially, and will be held responsible by law number 6183.
1.2- In the case that one of the partners transfers his share, the ones who take over the share or the one who transfers his share will be held responsible for paying the debt according to the related law article number 1.

1.3- When public debt has to be paid, if the people in charge are different, they would be held responsible for paying it according to the related law article number 1.

2- WHAT ARE THE RESPOSIBILITIES OF LEGAL REPRESENTATIVES IN PUBLIC DEBTS?

2.1- Public debts which cannot be collected totally or partially from the legal entities, and non-legal entities such as foundations and communities, will be collected from the people in charge according to the relate law number 6183.

2.2- This provision of law is executed for the representatives in Tukey of the companies established in abroad.

2.3- The fact that legal entities are liquidated or being in the process of liquidation, will not affect the responsibility of the legal representatives.

2.4- Representatives or people in charge are able to recede.

Source:Law Number 6183
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