Limited Company Liquidation Procedures

1-) MERSIS Application

2-) Petition

Must be signed by the authorized person with the company stamp, if signed by proxy, the original or certified copy of the power of attorney must be attached, and must include the attached document list

3-) General Assembly Decision (notary-certified - 1 copy) Attendance list. If the Partners' Assembly decision is submitted instead of the general assembly minutes, there is no need for an attendance list.

4-) After the registration of the liquidation, an announcement regarding the call to creditors must be made in the Turkish Trade Registry Gazette. If this is not done, the liquidation period will be extended. The Call to Creditors Notice must be submitted with the company stamp and the signature of the liquidator.

- Invitation procedure in cases where all partners do not attend the meeting: The general assembly is invited to the meeting by the directors at least fifteen days (excluding the announcement and meeting days) before the meeting date. The company's articles of association may extend this period or shorten it to ten days. The general assembly is invited to the meeting in the manner specified in the articles of association, - if necessary, on the company's website - and definitely with an announcement published in the Turkish Trade Registry Gazette. The shareholders listed in the share ledger and the shareholders who have previously provided the company with a share certificate or a document proving their share ownership and notified their addresses are notified by registered letter of the meeting date, agenda and the newspapers in which the announcement was or will be published.

Accordingly, in cases where all partners do not attend the meeting, the registration application must be accompanied by the Trade Registry Gazette copy of the invitation announcement and the documents pertaining to the registered notification. In addition, if there is a special invitation procedure in the articles of association, the documents pertaining to this procedure must also be attached.

4-) If the liquidator is appointed from outside the partners, a document with signatures of the externally appointed officers accepting the duty, approved by a notary public

5-) A signature declaration of the liquidator, prepared under the company title starting with the phrase “In Liquidation”

6-) If the mother and father of the minor company partner or either of the mother/father is a partner in the company, a court decision to appoint a trustee for the minor partner