Post by account_disabled on Mar 14, 2024 1:13:35 GMT -8
The Call You ANNOUNCEMENT . Request of the Ministry of Commerce to Add an Article to the General Assembly Meeting Agendas to Limit Profit Distribution in order to Protect the Equity of Capital Companies With the letter sent by the Union of Chambers and Commodity Exchanges of Turkey TOBB to the chambers of commerce on . referring to the letter of the Ministry of Commerce dated . the importance of capital companies protecting their equity due to the Covid virus was pointed out and published in the Official Gazette dated . Based on Article of the Regulation on the Procedures and Principles of the General Assembly Meetings of JointStock.
Companies and the Representatives of the Ministry of Commerce to be Attended at These Meetings published in the general assembly agenda item regarding the limitation of profit distribution of the Ministry of Commerce is valid for all companies B TO B Database except for companies that are public subsidiaries. It was stated that it was requested to be announced to the companies . In the said letter of the Ministry of Commerce it is stated that in the cash dividend distribution decisions of capital companies to be put on the agenda at the general assembly meetings.
To be held this year regarding the accounting period Prior Year Profits should not be subject to distribution Distribution of a maximum of of the net period profit of Not authorizing the board of directors to distribute advance dividends in request is included. EVALUATION OF THE REQUEST OF THE MINISTRY OF TRADE IN LEGAL FRAMEWORK In accordance with Article and subsequent articles of the Turkish Commercial Code TTK dividend distribution can be freely decided by the articles of association or by the decision of the general assembly. As a matter of fact in paragraph d of Article of the Turkish Commercial Code it is stated that taking decisions.
Companies and the Representatives of the Ministry of Commerce to be Attended at These Meetings published in the general assembly agenda item regarding the limitation of profit distribution of the Ministry of Commerce is valid for all companies B TO B Database except for companies that are public subsidiaries. It was stated that it was requested to be announced to the companies . In the said letter of the Ministry of Commerce it is stated that in the cash dividend distribution decisions of capital companies to be put on the agenda at the general assembly meetings.
To be held this year regarding the accounting period Prior Year Profits should not be subject to distribution Distribution of a maximum of of the net period profit of Not authorizing the board of directors to distribute advance dividends in request is included. EVALUATION OF THE REQUEST OF THE MINISTRY OF TRADE IN LEGAL FRAMEWORK In accordance with Article and subsequent articles of the Turkish Commercial Code TTK dividend distribution can be freely decided by the articles of association or by the decision of the general assembly. As a matter of fact in paragraph d of Article of the Turkish Commercial Code it is stated that taking decisions.