{"id":25802,"date":"2021-10-29T03:17:39","date_gmt":"2021-10-29T03:17:39","guid":{"rendered":"https:\/\/www.eminoglugroup.com\/?page_id=25802"},"modified":"2022-05-08T11:01:53","modified_gmt":"2022-05-08T11:01:53","slug":"%d8%a7%d9%84%d8%b4%d8%b1%d9%83%d8%a9-%d8%a7%d9%84%d9%85%d8%b3%d8%a7%d9%87%d9%85%d8%a9","status":"publish","type":"page","link":"https:\/\/www.eminoglugroup.com\/en\/%d8%a7%d9%84%d8%b4%d8%b1%d9%83%d8%a9-%d8%a7%d9%84%d9%85%d8%b3%d8%a7%d9%87%d9%85%d8%a9\/","title":{"rendered":"joint stock company"},"content":{"rendered":"
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joint stock companies<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\u00a0A joint stock company is a company in which the capital is divided into shares and distributed to the shareholders, and the responsibility of the partners is each shareholder according to the percentage of his share in the capital, and this company is only responsible for its debts. The money is 50,000 Turkish liras. As for non-public joint stock companies that accept the registered capital system, the required initial capital varies as it may be at least 100,000 Turkish liras.<\/span><\/span><\/p>

According to the law, a quarter of the nominal value of the shares pledged by the company must be paid in cash before registration, and the rest of the amount is to be paid within 24 months after the company's registration.<\/span><\/span><\/p>

As for the payment schedule, it is determined by either the company or the board of directors
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Turkish law allows joint-stock companies to be established for all kinds of economic purposes and commercial matters, provided that they are not in violation of the law <\/span><\/p>

As for shares, joint stock companies have the right to issue registered shares and bearer shares (with the aim of representing these shares) through the written statute and registered in the commercial register located at the company\u2019s head office. The company also has the right to issue similar bonds and debt instruments.
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Legally it is also possible to establish a joint stock company with one share.<\/span><\/p>

Joint stock companies that carry out certain areas of activity and joint stock companies that exceed the threshold values of the criteria determined by the total number of assets, annual net sales revenue and the number of employees are subject to independent review.<\/span><\/p>

The approval of the General Assembly is not required in most cases to transfer shares, and shareholders may freely transfer their shares to other parties<\/span><\/p>

Finally, joint stock companies are the only type of companies whose shares are offered to the people and whose shares are traded on the stock exchange<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Joint stock companies are divided into two structures<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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Board of Directors<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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It is the body officially responsible for managing and representing the company, and the board of directors may consist of only one member. <\/span><\/p>

It is not a requirement that the members of the board of directors have Turkish citizenship or be Turkish citizens, and there is no requirement that the board member reside in Turkey <\/span><\/p>

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General Assembly<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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It is the body that has full powers to take some important decisions about the company, (such as amending the articles of association, electing the board of directors, electing the auditor, closing the company, etc. <\/span><\/p>

In which all shareholders are represented<\/span><\/p>

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Advantages and disadvantages of joint stock companies<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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