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Audit to Banks” and by the institutions authorized to perform independent
audit to banks.
Furthermore, this second sub-paragraph is added to article 26 of the
Regulation.
“The independent audit institutions shall give opinions in
their independent audit reports, stating that the financial
statements and statistical data of the companies are
scheduled in accordance with the form and scope of
article 24/2 of this Regulation and in compliance with the
company records. In case there are differences between
the financial statements attached to the independent audit
reports and financial statements reported to the Agency
in accordance with article 24/2 of the Regulation, such
differences will be explained by the independent audit
institutions under a separate title.”
Article 29/6 of the Regulation will be amended as follows:
(6) Those having their operating licenses cancelled
cannot engage in operations indicated by this Regulation
and neither can they use any words, phrases, or signs in
their commercial titles, notices, and advertising materials
or their work places which would suggest or imply their
engagement in such work.”
By this amendment, the phrase “
those who do not have a valid
operating license”
is excluded from the article.
The sub-paragraph below is added to temporary article 2 of the
Regulation.
“(2) The companies shall comply with article 4/1 (b) and
article 23/3 of this Regulation until the date of 31.12.2011.
Pursuant to this article, the companies are to increase their paid-up
capital from five million Turkish Liras to seven million five hundred
thousand Turkish Liras and increase their minimum equity amounts to the
minimum paid-up capital amounts no later than 31 December 2011.