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ARTICLE · 12 JUNE 2024

Amendments To Turkish Commercial Code

Sadik& Çapan
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The Law No. 7511 on the Amendment of the Turkish Commercial Code and Some Other Laws ("Law") was published in the Official Gazette dated 29 May 2024, and numbered 32560.

TurkeyCorporate/Commercial Law
Nazlı Tönük Çapan
Nazlı Tönük Çapan
Seda Köprülü
Seda Köprülü
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The Law No. 7511 on the Amendment of the Turkish Commercial Code and Some Other Laws ("Law") was published in the Official Gazette dated 29 May 2024, and numbered 32560. In this context, various articles of the Turkish Commercial Code numbered 6102 ("TCC") have been amended. These amendments are summarized below:

  • Presidential Decision on Increasing the Minimum Capital Amount for Joint-Stock and Limited Liability Companies numbered 7887 and dated 24 November 2023 specified the minimum capital amount for joint stock companies as 250,000 (two hundred and fifty thousand) Turkish Liras, 100,000 (one hundred thousand) Turkish Liras for limited liability companies and the minimum capital amount of non-public joint-stock companies for the registered capital system as 500,000 (five hundred thousand) Turkish Liras. With the Amendment Law, joint-stock companies and limited liability companies that fail to meet the minimum capital amount are required to increase their

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