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Procedures and Principles of General Assembly Meetings of
Joint Stock Companies
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Att. Naciye Yilmaz
The Regulation pertaining to the Procedures and Principles of
General Assembly Meetings of Joint Stock Companies and the
Representatives of the Ministry of Customs and Trade (the
“Regulation”) was published in the Official Gazette dated 28.11.2012
and numbered 28481.
Scope
Pursuant to article 2 of the Regulation, the scope of the regulation
is set as
“the determination of the general assembly meetings of joint
stock companies to which the representative of the Ministry (of
Customs and Trade) shall attend, the procedures and principles applic-
able to general assembly meetings of joint stock companies, the duties,
authorities and qualifications of the Ministry representative which will
be present at the meetings and payments to be made to them, the min-
imum content of the internal regulation which comprises the rules gov-
erning the principles and procedures of the functions of the general
assembly of the companies, participation in the general assembly, per-
sons who have deposited shares or share certificates who shall exer-
cise their voting rights and the principles and procedures such deposit-
ed persons are bound by and the content of the representation certifi-
cate”
.
This newsletter article shall assess the procedures and principles
applicable to the realization of the general assembly meetings.
Types of Meetings
The Regulation lays out the details governing the general assem-
bly meetings which are regulated in general under the Turkish
Commercial Code No. 6102 (“TCC”). Accordingly, ordinary and
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NEWSLETTER 2012
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Article of December 2012