In Limited Companies, it is not compulsory for Board of Directors to keep Minute Book. On the other hand, those who wouldn’t like to keep this book are compulsory to write the decisions taken in Limited Companies in general meeting and negotiation book. The decisions taken by the Directors or the Board of Directors with regard to corporate management can be written in general meeting and negotiation book as well as in minute book of Board of Directors.
In the event of keeping Minute Book of Board of Directors, the judgements concerning to the minute book of Board of Directors including approval of opening and closing should be applied. In case of writing the decisions in general meeting and negotiation book, it is compulsory to write the issues stated in the second clause of article 10 of Account Books Communique. In process of keeping a separate minute book of Board of Directors, the decision of the Director or the Board of Directors will not be written in general meeting and negotiation book.
Source: Turkish Trade Law
Date: 1 March 2017
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