Liability in Joint-Stock Companies-1: Shareholders’ Liability

Rule: Sole Liability Principle According to the Article 329/2 of Turkish Commercial Code (“TCC”), shareholders of joint-stock companies are only responsible for the capital shares they have committed to the company. As per Article 480/1 of TCC, no debt can be imposed on the shareholder by the articles of association other than the payment of […]

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Amendments to the Law on Consumer Protection No. 6502

Within the scope of the “Law on Amendments to the Law on Consumer Protection and Certain Laws” No. 7529 dated 24.10.2024, certain amendments have been made to the Law on Consumer Protection No. 6502 regarding consumer credit agreements, housing finance agreements, contracts established outside the workplace and the direct sales system. In this study, you

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Any payment exceeding TRY 7,000 shall only be made through banks or intermediary financial institutions.

Regulation Pursuant to the “Tax Procedure Law General Communiqué (Sequence No: 572)” published in the Official Gazette dated 18.10.2024 and numbered 32696, it has become obligatory for those who are within the scope of the obligation to certify (except for transactions between non-taxpayers) to make all kinds of collections and payments exceeding TRY 7,000 through

Any payment exceeding TRY 7,000 shall only be made through banks or intermediary financial institutions. Read More »

Residential and workplace rent payments shall only be made through banks or PTT.

Regulation Pursuant to the “Income Tax General Communiqué (Serial No: 328)” published in the Official Gazette dated 17.10.2024 and numbered 32695, it has become obligatory for those who rent out their residences and workplaces, and those who rent them out, to certify their rent collections and payments with documents issued by banks or Post and

Residential and workplace rent payments shall only be made through banks or PTT. Read More »

The Competition Authority Share can now be paid through MERSIS during the incorporation and capital increases of joint stock and limited liability companies,

What is the Competition Authority Share? Pursuant to Article 39/1(c) of the Law No. 4054 on the Protection of Competition, all newly incorporated joint stock and limited liability companies are required to make a payment to the Competition Authority in proportion to four per ten thousand of their capital and, in the event of a

The Competition Authority Share can now be paid through MERSIS during the incorporation and capital increases of joint stock and limited liability companies, Read More »

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