Election – Muhasebe News

HOW VOTING POWER IS CALCULATED IN LIMITED COMPANIES?

MuhasebeNews — Wed, 10 Oct 2018 11:00:17 +0000

HOW VOTING POWER IS CALCULATED IN LIMITED COMPANIES?

1- HOW VOTING POWER IS CALCULATED IN LIMITED COMPANIES?
1.1- Voting power of limited companies is calculated according to join stock’s nominal par.
1.2- If higher amounts were not decided on corporate charters, each 25 Turkish lira gives righting vote.
1.3- However, corporate charters can restrict shareholders having more than one voting right.
1.4- Shareholder has at least one voting right.
1.5- If it is decided on corporate charter, written vote can be given.
1.6- Corporate charter can also issue voting right as voting right to each shareholder without depending on nominal par. In that case Shareholder’s minimum voting right cannot be less than the total voting right of the other shareholders.

2- IN WHICH CASES COMPANY’S PROVISIONS ARE NOT IMPLEMETED?
Company contract provisions are not implemented on the below mentioned conditions;
2.1- Auditors’ elections
2.2- Special Auditor elections for company’s management or auditing some departments of the company.
2.3- Making decision regarding opening a case

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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.

Italy’s election: How the economy is performing

MuhasebeNews — Wed, 01 Nov 2017 09:00:44 +0000

Italy’s election: How the economy is performing

Italy goes to the polls on Sunday in one of its most contentious votes in years.

The economy has become a key battleground for the main parties’ campaigns.

Italy’s economy has started to expand once again, but is still one of the worst performers of the countries in the eurozone.

The parties are battling to prove they can take Italy’s economy, industry and job market back to pre-crisis levels.

However, despite all the pre-election rhetoric, few Italians can really see what has improved since the economic crisis. The road to full recovery has been much harder than many expected.

High debt

Italian debt is now the second worst in Europe after Greece and has reached 132% of GDP.

‘Made in Italy’

In the field of fashion, food and cars, Italy has had a reputation for excellence and it has exported these all over the world. The “Made in Italy” brand has been rejuvenated thanks to an increase in exports and international interest.

Unemployment

The level of part-time work means much lower job security compared with other European countries.

In Italy, this seems to have deepened the problem of unemployment – particularly in the southern regions where jobless rates are as high as 29%.

Increasing poverty

Although Italy presents itself as one of the top three European economies, high rates of unemployment have caused a steep rise in poverty.

The number of Italians at risk of poverty rose from three million in 2006 to 18 million – nearly a third of the entire population – in 2016.

Battle against taxes

The top rate of income tax in Italy is one of the highest in Europe, well above the 39% average for top rates across the 28-members of the Union.

That’s why Silvio Berlusconi has started his own personal battle against high taxation levels and has promised to create a 23% “Flat Tax” for everyone

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Source: BBC
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.

Election Announcement Has Taken Pound by Surprise!

MuhasebeNews — Thu, 20 Apr 2017 08:54:09 +0000

Investors have been already worried about the Europe’s Stock Market Indices with the political uncertainty in the region and that slid further on the UK election announcement.

Global market strategist at JP Morgan Asset Management David Stubbs has asserted that if it is looked on the bright side, there might be more stable government for the UK.

Mining and energy sector had been big losers due to lower metals and crude-oil prices even before May’s announcement.

Source: Euronews

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.