WHAT IS A JOINT STOCK COMPANY, WHAT ARE ITS GENERAL PRINCIPLES AND OBLIGATIONS? - AŞIKOĞLU LAW OFFİCE
Aşıkoğlu started his position as the Alanya Public Prosecutor in 2009 and continued until 2013 when he quit his position to initiate his career as an attorney at law.
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WHAT IS A JOINT STOCK COMPANY, WHAT ARE ITS GENERAL PRINCIPLES AND OBLIGATIONS?

29 Apr WHAT IS A JOINT STOCK COMPANY, WHAT ARE ITS GENERAL PRINCIPLES AND OBLIGATIONS?

Posted at 13:34h in INFORMATION by
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A joint stock company is a company whose capital is divided into certain shares and is responsible only for its assets due to debts.

What are its purposes: A joint stock company can be established for any economic purposes and issues that are not prohibited by law.

Partnership structure: A joint stock company with one partner can be established. The responsibilities of the partners to the company’s creditors are limited to the capital they put in.

Capital structure: Capital of at least 50,000.- It should be TL. The initial capital cannot be less than one hundred thousand Turkish liras (100,000 TL) in non-public joint stock companies that have adopted the registered capital system, which shows the recognized authority ceiling to the board of directors in increasing the capital.

At least 1⁄4 of the nominal value of the shares pledged in cash must be paid before registration, and the remaining part must be paid within twenty-four months after the registration of the company.

Elements of assets, including intellectual property rights and virtual environments that can be assessed and transferred in cash, which do not have limited real rights, liens and measures on them, can be placed as the same capital. Service activities, personal labor, commercial reputation and overdue receivables cannot be capital. Joint stock companies can make their shares public.

Management: The joint stock company is managed and represented by the board of directors. Appointed by the articles of association or elected by the general assembly, one or more
there is a board of directors consisting of people. Board members to three-year term elected. If there is no contrary provision in the articles of association, the same person may be re-elected.

Members of the board of directors may be paid the right to peace of mind, wages, bonuses, bonuses and a share of annual profit, provided that the amount is determined by the articles of association or by the decision of the general assembly.

 

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