The "Communiqué on the Extension of the Period for Increasing the Capital of Joint-Stock and Limited Liability Companies to New Minimum Amounts," prepared by the Ministry of Trade, has been published in the Official Gazette.
With this regulation, the period granted for capital increases to joint-stock and limited liability companies whose capital remains below the new minimum amounts determined under the Turkish Commercial Code has been extended. Companies falling within the scope will be able to complete the process of increasing their capital to the new minimum amounts until December 31, 2027.
The extension covers not only joint-stock and limited liability companies but also non-public joint-stock companies that have adopted the registered capital system. The same date will also apply for these companies to increase their initial capital and issued capital to the relevant minimum amounts.
The communiqué entered into force as of the date of its publication. The provisions of the regulation will be executed by the Minister of Trade.
News Source: 12punto
