Categories: General

Exclusion From The Partnership Based on The Reasons Stipulated In The Articles Of Association

It is possible for a partner to be excluded from the partnership based on the reasons provided for in the articles of Association of a limited liability company. For this purpose, the company must first take a decision of the General Assembly. Following the decision of the General Assembly, the limited company shall remove the relevant partner from the partnership.
it will apply to the Commercial Court of First Instance where it is located.We would like to note that in the articles of Association of a Limited liability company, the rules on the circumstances in which a partner will be removed from the partnership can be put into the articles of association at the stage of the establishment of the partnership, as well as later amendments to the articles of association
can be added with. If the legal way to apply for the decision of the General Assembly taken against the partner who has been removed from the partnership on the basis of a provision specified in the articles of Association of the Limited liability company, the said Partner shall be entitled to the relevant General Assembly
within three months from the date of notification of its decision to him through a notary, the company requests the cancellation of the decision of the General Assembly in the Commercial Court of First Instance, where it is located.

Aşıkoğlu Law Office

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