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ARTICLE · 18 SEPTEMBER 2013

The Rights Of Minority Share Holders

The New Turkish Commercial Code no: 6102 came into force on the first of July 2012.

TurkeyCorporate/Commercial Law
Elmadag Hukuk
Elmadag Hukuk

The New Turkish Commercial Code (New TCC) no: 6102 came into force on the first of July 2012. The present code is significantly amended and renewed by it .The rights of minority are one of these issues which are considered by the New Turkish Commercial Code. Although, the rights of minority were already stipulated in the previous code, these rights have been significantly improved by the New Turkish Commercial Code.

The meaning of the Minority shareholders is stipulated in the New Turkish Commercial Code Article 411/1 that the shareholders holding at least 10% percent of the share capital for closely held companies and 20% for publicly held companies are considered as "minority". In order to protect the minority shareholders against the negative influence of majority's power and balance the interest of the both shareholders on the serious matters, some rights are given to these minority shareholders according to The New Turkish Commercial Code. These rights have been

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