Authorizations of general assemblies that cannot be transferred incorporates are as follows;
1.1- Changing company’s charter,
1.2- Appointment  and  making redundant of directors,
1.3- Appointment  and  making redundant of  overseers,
1.4- Confirming  year and financial report and annual activity report,
1.5– Making decision regarding dividend and detecting         dividend share,
1.6- Deciding directors wages and discharges,
1.7- Confirming join stock shares,
1.8- Applying to court to dismiss one of the shareholder from employment,
1.9- Giving authority to directors regarding  acquisition of property ,
1.10- Dissolution of the company,
1.11-  Making decisions regarding the subjects proposed by the directors or giving authorities to general assembly by law or company’s agreement.

2- WHAT ARE THE AUTHORIZATIONS OF GENERAL ASSEMBLIES THAT CANNOT BE TRANSFERRED DESPITE OF FORESEEN IN COMPANY’S CHARTER?

Below articles are the nontransferable authorizations of general assembly if foreseen in company’s charter.
2,1-  Confirming director’s operations despite of corporate charter’s necessity,
2,2- Deciding on preemption, reuptake, and using the right to purchase,
2,3-  Deciding on right to mortgage over capital share,
2,4-  Publishing internal directive regarding deeds
2,5- Allowing to the transactions of the shareholders or directors which are incompatible with dependence on company and / or with the prohibition of competition according to Turkish Trade Law, article number 4.
2.6- Making redundant to a shareholder because of the foreseen reasons in the corporate’s charter.

Source: Turkish Trade Law
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.

***It is not possible to extend the application period, because there is no authorization related to extending the application period of Law numbered 7020.

It is crucial for debtors to apply to it until 30 June 2017 in order to take advantage of the opportunities provided by the law numbered 7020.

In order to take advantage of the Amnesty Law;
1- The application should be done by going to tax office (in person or with proxy).
2- By post (If the application is done with certified mail or APS, posting date and if it is done with surface mail, the date when the post arrives to tax office will be taken into consideration.)
3- It can be done via internet (www.gib.gov.tr).

****Furthermore, debt inquiry can be done through www.gib.gov.tr .

Source: Revenue Administration

Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.