Capital increase within Turkish equity companies is considered
as a straight forward process, which is actually a complete
misperception.
The basic procedures are followed in accordance with the
provisions of the Turkish Commercial Code. In other words, as a
part of these basic procedures, the general assembly meeting of
shareholders should convene and resolve to amend the articles of
association of the company. Solely the registered capital system
embraced companies may increase capital through adopting a board
resolution.
Such resolutions are subject to registration before the trade
registry office where the headquarters of the company is located.
At the time of this registration application, a report certifying
the full payment of the previous capital and prepared by a
certified public accountant or independent accountant or auditor
for companies subject to independent audit should also be
submitted.
