Joint Stock Company Single Shareholder Transactions

SINGLE SHAREHOLDING ENTRY PROCEDURES:

1-) MERSIS Application

2-) Petition

- It must be signed by the authorized person with the company stamp, if signed by proxy, the original or approved copy of the proxy must be attached).

3-) Decision of the Board of Directors (1 notarized copy)

- The resolution shall state that the company is reduced to a single shareholder, and shall also state the name, surname, place of residence, citizenship, Turkish ID Number, and if the shareholder is a foreign national, his/her tax number or foreigner ID number.

SINGLE SHAREHOLDING CHANGE PROCEDURES:

1-) MERSIS Application

2-) Petition

-It must be signed by the authorized person with the company stamp, if signed by proxy, the original or approved copy of the proxy must be attached).

3-) In case of a change in the sole shareholder of the company, this issue must be registered and announced by taking a decision of the board of directors.

Attention:  In the event that the joint stock company, which is reduced to a single shareholder, wishes to change the number of the board of directors, the board of directors must be elected by amending the article of the articles of association regarding the board of directors in accordance with the new legal regulation.

PROCEDURES FOR TERMINATION OF SINGLE SHAREHOLDING:

1-) MERSIS Application

2-) Petition

- It must be signed by the authorized person with the company stamp, and if signed by proxy, the original or certified copy of the proxy must be attached).

3-) In the event that the company switches to multiple share ownership, this issue must be registered and announced by taking a decision of the board of directors.