code – Muhasebe News https://www.muhasebenews.com Muhasebe News Thu, 10 Jan 2019 07:43:23 +0000 en-US hourly 1 https://wordpress.org/?v=6.3.3 Article 367 of Turkish Commercial Code showing the necessary steps for companies who go into debt due to capital loss https://www.muhasebenews.com/en/article-367-of-turkish-commercial-code-showing-the-necessary-steps-for-companies-who-go-into-debt-due-to-capital-loss/ https://www.muhasebenews.com/en/article-367-of-turkish-commercial-code-showing-the-necessary-steps-for-companies-who-go-into-debt-due-to-capital-loss/#respond Wed, 09 Jan 2019 15:06:44 +0000 https://www.muhasebenews.com/?p=43751 Article 367 of Turkish Commercial Code showing the necessary steps for companies who go into debt due to capital loss is as follows.

3. Capital loss, going into debt

a) Obligations of appeal and notification

Article 376- If it is understood that half of total of legal reserves and capital in the last yearly balance are unreturned because of damage, the board of directors call a meeting of the general assembly and presents them the remedial measures that they find suitable.

 (2) According to the balance of last 2 years, if it is understood that two thirds of the total of legal reserves and capital are unreturned because of damage, the company ends by itself unless the general assembly which is called for a meeting immediately decides to make do with one third of the capital or the completion of the capital.

 (3) If there are signs showing that the company has göne into debt, the board of directors makes up an interim balance sheet of assets both on the basis of going concern concept and the possible sale prices.

If it is understood from this balance sheet that the actives are not enough to meet the receivables of company’s suppliers, the board of directors notifies the Commercial Court of First Instance located near the company’s headqusters and declares bankruptcy.

Unless it is decided on written form by suppliers of company debts in the amount that may close company’s deficit and recover it from being deep in debt, to be placed after all the suppliers on the list, and the legitimacy, authenticity and validity of this statement or agreement is confirmed by experts assigned by court to which the board of directors will declare bankruptcy, before the decree of bankruptcy. Otherwise, the application to the court for expert review is as declaration of bankruptcy. [*]

 


Source: Turkish Commercial Code – Article 376
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.


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How Many Days Do Shipmen have Holidays? https://www.muhasebenews.com/en/how-many-days-do-shipmen-have-holidays/ https://www.muhasebenews.com/en/how-many-days-do-shipmen-have-holidays/#respond Mon, 03 Dec 2018 09:00:18 +0000 https://www.muhasebenews.com/?p=27905 How Many Days Do Shipmen have Holidays?
Shipmen having completed their weekly working hours are able to have holidays for the rest of the week. On the harbor services and city line ships, shipmen are not worked more than six days in a week. If a shipman is worked on his off day, he will be given permission on one of the days of the week in turns.

Is shipman not working on his off day, got paid?
Shipman, not working on his off day will be paid as much as a day wage.

How much higher is Shipmen working on weekend holiday, got paid?
Shipmen, working on the weekend holiday, will be paid as %25 raised pay additional to his regular wage.


Source: Maritime Code
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.

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