resolution – Muhasebe News https://www.muhasebenews.com Muhasebe News Thu, 29 Jun 2017 11:42:12 +0000 en-US hourly 1 https://wordpress.org/?v=6.3.3 What is the Liquidation Process in Corporations? https://www.muhasebenews.com/en/what-is-the-liquidation-process-in-corporations/ https://www.muhasebenews.com/en/what-is-the-liquidation-process-in-corporations/#respond Thu, 29 Jun 2017 11:42:12 +0000 https://www.muhasebenews.com/?p=18413 If the following conditions are fulfilled, Corporations will go into liquidation.
1- Despite of expiry, unless Corporation virtually stays in business and the business hasn’t been turned into indefinite period and anticipated period of time in articles of incorporation expires.
2- If the field of operation actualizes or the actualization becomes impossible.
3- If one of sunset clauses stated in articles of association takes place.
4- With the general assembly resolution in accordance with 3rd and 4th clauses of article 421.
5- If there is a decision to go into liquidation.
6- Conditions anticipated by laws.

Source: Turkish Code of Commerce

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