Developments On Signature Specimen And Signature Circular

Amendments Related to Signature Specimen

The Amending Law Related to the Technology Development Zones and Certain Other Laws (the "Law No. 7263") was published in the Official Gazette on February 3, 2021 and entered into force on the same date. Article 22 of the Law No. 7263 amended Article 40 of the Turkish Commercial Code with respect to issue of signature specimen.

In this regard, the amendment provides that signature samples of real person merchants and authorized signatories of companies, which are previously obtained and exist in the databases of public institutions and organizations, will also be recorded to the registry file in the centralized common database. Therefore, obligation to issue signature specimen is abrogated for cases where signature samples are available in the databases of public institutions and organizations. It has been emphasized that signature specimen will still be requested when there is no signature record in the respective