Share on LinkedInShare on LinkedIn

ARTICLE · 27 OCTOBER 2014

Omnibus Bill Dated 11.09.2014

A new clause has been added to Article 371 of the TCC which regulates the scope and limits of the authority to represent and bind of the board of directors.

TurkeyCorporate/Commercial Law
Gur Law Firm
Gur Law Firm

Certain provisions of the Turkish Commercial Code "(TCC)" have been amended with the adoption of the Omnibus Bill numbered 6552 published in the Official Gazette on 11 th of September 2014. The Omnibus Bill has introduced four amendments regarding joint stock and limited liability companies.

A new clause has been added to Article 371 of the TCC which regulates the scope and limits of the authority to represent and bind of the board of directors. As per paragraph 7, board of directors can appoint members of board of directors who do not have authority to represent or bind or employees that are bound by labor contract other than the abovementioned representatives as trade agent or other merchant assistants with limited power.

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

See more popular content from