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In cases where the circumstances explained above in Article 6/1 of
the Communiqué arises, board of directors carries out the actions
regarding the repayment of the advance dividends paid in extra by col-
lecting them from the shareholders to the company.
For the companies distributing advance dividend regarding the
accounting period of 2012, the calculation of the amount of advance
dividend is based on the balance sheets prepared pursuant to Turkish
Commercial Code numbered 6762. In the report prepared by the board
of directors pursuant to Article 9 of the Communiqué, it is clarified that
the interim balance sheet forming the basis of advance dividend distri-
bution is prepared in compliance with real situation.
Conclusion
As is explained in detail hereinabove, advance dividend distribu-
tion is possible within the scope of rules stated in the Communiqué and
with the resolution of the general assembly.
COMMERCIAL LAW
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