Important Duties and Authorities for Trade Registry Offices ...

Important Duties and Authorities for Trade Registry Offices ...

Haldan Baştürkmen, Chairman of Buldan Chamber of Commerce said, düzenleme The regulation that the book certifications that the joint-stock companies and limited liability companies and cooperatives had to have done during the establishment phase will be made by the Trade Registry Directorates on March 15, and the other articles of the Law entered into force as of March 10, 2018. Description; Kanun The Law No. 7099 on the Amendment of Certain Laws for the Improvement of the Investment Environment was published in the Official Gazette dated March 10, 2018 and numbered 30356, and new regulations were made in this Law regarding capital companies and cooperatives.

Joint stock and limited companies and cooperatives have to have the book approval at the establishment stage, Trade Registry Directorates will be made.

The operations of the cooperatives due to the establishment, share transfer, capital increase, merger, transfer, division and changes of the type will also be exempted from the charges in the Fees Law.

When the cooperative is established, the mandatory notary approval of the signatures in the articles of association is removed. The articles of association will be approved only at the Trade Registry Offices. Cooperative Board of Directors, authorized to represent the names of the cooperative, the signature of the notary public without the need to have the notarised to notify the trade registry.

Traders will use the trade name and the signature to be put under it, only by making a written statement in the Trade Registry Directorates. If the merchant is a legal person, the signatures of the persons authorized to sign on his behalf will be given to the registry office.

As it is known, the part corresponding to 1/4 of the capital promised in cash in the corporations of capital companies was paid to the bank before the registration and the blockage letter was taken and the bank block was removed after the company was registered in the trade registry. With this amendment, this application will no longer be applied to “Limited Liability Companies..

The facilities provided to the company types in the establishment were also introduced for cooperatives. The application of the notarization of the signatures of the founders of the limited company in the contract is removed. The founders or representatives of the limited company will be able to sign the contract in any trade registry office.

The regulation stating that the book certifications that the joint-stock and limited liability companies and cooperatives had to have done during the establishment phase will be made by the Trade Registry Directorates and the other articles of the Law came into force as of March 10, 2018. 201