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ARTICLE · 08 APRIL 2021

New Communiqué On Bearer Share Certificates

Dikici Law Firm
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The Turkish Ministry of Trade has regulated the procedures and principles of notification and registration of bearer share certificates to the Central Registry Agency (the "Agency")...

TurkeyCorporate/Commercial Law
Dikici Law Office
Dikici Law Office

The Turkish Ministry of Trade has regulated the procedures and principles of notification and registration of bearer share certificates to the Central Registry Agency (the "Agency") by issuing the Communiqué on Notification and Registration of Bearer Share Certificates to the Central Registry Agency (the "Communiqué") which was published in the Official Gazette on 6 April 2021. The Communiqué further determines the procedures and principles for issuing the shareholders' chart that are to be provided by the Agency.

The highlights of the Communiqué are as follows:

  • Bearer share certificates can be printed based on a board decision once all share prices are totally paid.
  • The board decision and details of the bearer shareholders to whom each certificate will be distributed should be notified to the Agency by the persons authorized to represent the company. This notification should also include the company's contact information.

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