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THE CRIME OF SEAL BREAKING ON UTILITY COUNTERS

The crime of seal breaking has been regulated under the provisions of Article 203 of the Turkish Criminal Code Numbered 5237, as the following: “Any person who removes, or acts contrary to the aim of, a seal designed to secure the protection of an object in its original form or to maintain its secrecy, as required by law or order of the authorities, shall be sentenced to a penalty of imprisonment for a term of six months to three years or a judicial fine.”

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DETERMINATION OF EXIT SHARE VALUE IN TERMINATION OF PARTNERSHIP LAWSUITS  UNDER TURKISH COMMERCIAL CODE

Pursuant to Article 531 of the Turkish Commercial Code ("TCC") numbered 6102, the owners of the shares representing at least one tenth of the capital and one twentieth in public companies have been given the right to request the termination of the company in the presence of justifiable reasons.

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CHANGES IN THE PROCESS OF ACQUIRING CITIZENSHIP IN TURKEY THROUGH THE ACQUISITION OF REAL ESTATE BY FOREIGNERS

A meeting was held on 20.01.2021 by the commission, which was convened with the participation of representatives from the General Directorate of Population and Citizenship Affairs, The General Directorate of Land Registry and Cadastre, and the Ministry of Treasury and Finance. At this meeting, some amendments were made regarding the acquisition of citizenship by the acquisition of the real estate process by foreigners.

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AMENDMENT OF THE ARTICLES OF ASSOCIATION IN JOINT-STOCK COMPANIES UNDER TURKISH COMMERCIAL CODE

The procedures and principles of amendments at Articles of Association of the Company have regulated in articles 452 et seq. of the Turkish Commercial Code numbered 6102. In addition to that, under Regulation on the “Procedures and Principles of the General Assembly Meetings of Joint Stock Companies and the Representatives of the Ministry to Attend These Meetings”; amendments to be brought at the articles of association are among the inalienable duties and powers of the General Assembly.

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Registration and Announcement Obligation of “Group of Companies” Under Article 198 of Turkish Commercial Code

Information Note on Notification, Registration and Announcement Obligation of “Group of Companies” Under Article 198 of Turkish Commercial Code

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