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NOTIFICATION PROCESS TO THE CENTRAL SECURITIES DEPOSITORY & TRADE REPOSITORY OF TÜRKIYE FOR BEARER SHARE CERTIFICATES AND LEGAL CONSEQUENCES

1. Issuance and Notification of Bearer Share Certificates Pursuant to Article 484 of the Turkish Commercial Code ("TCC"), joint stock companies have two types of share certificates: registered shares and bearer shares. While the transfer of registered shares is completed through delivery, certain conditions have been introduced under the Communiqué on the Notification and Registration of Bearer Share Certificates with the Central Securities Depository ("Communiqué") for the transfer of bearer shares. Within the scope of the Communiqué, the registration of bearer shares with the Central Securities Depository & Trade Reposıtory of Türkiye ("MKK"), the adoption of a board resolution, and the registration and announcement of this resolution before the relevant trade registry directorate and in the Turkish Trade Registry Gazette are required.

 

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Egemenoğlu; provide legal service specifically to its clients with its team of specialists who works 360 degree service principle, has academic and professional experience in their areas.

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PARTNERS7
TOTAL75

 

 

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