Maintenance And Preservation Of Commercial Books

Introduction

Almost every legal system in the world provides obligations to keep company books and documents. Company books, in general, consist of records of a company that reflect its structure, history and current status. This is why, company books, by and large, are the sole indicators for companies to which private and official institutions can refer. Moreover, even some commercial documents which are not in the form of a company book can play a crucial role in determining the status of a company in many respects. Therefore failure to keep them properly, up to date, and reachable if and when needed is subject to various legal sanctions.

Likewise, Turkish law considers maintenance of company books essential in terms of the order and nature of commercial life and a significant tool for the governments to manage business life in general and collect taxes properly, fully, and in a timely manner. Therefore, the rules relating to maintenance and preservation