A) Joint Stock Companies
A share is the part of the main capital divided to a specific number of unit value. In accordance with the current Turkish Commercial Code (hereinafter shall be referred to as”the TTC”) it is not mandatory for a Joint Stock Company (hereinafter shall be referred to as “JSC”) to issue shares. JSC reserves two types of shares. These are registered share and bearer share. A JSC may issue shares following the official registration of the company.
In line with the present legislation related to corporate law and the Turkish Commercial Code numbered 6762, dated July 9, 1956, published at the Official Gazette numbered 9353 (hereinafter shall be referred to as “the TCC”), joint stock company (hereinafter shall be referred to as “JSC”) and limited liability company (hereinafter shall be referred to as “LLC”) are the two most common company types.
You may find a chart below that designates the fundamental characteristics of a JSC and its differences from a LLC.
As is known, there have been numerous situations where audio and video recordings are taken in secret. Therefore, legal aspect of taking audio and video recordings in secret shall be examined.
In accordance with the Article 12 of the Universal Declaration of Human Rights; “No one shall be subjected to arbitrary interference with his privacy, family, home or correspondence, nor to attacks upon his honor and reputation. Everyone has the right to the protection of the law against such interference or attacks.”
As per Turkish Law, foreign or domestic companies may establish a branch office in order to execute their activities. A branch office shall have no legal entity and shall be registered with the Trade Registry and represented by one or more representative/branch manager. There is no requirement for branch offices to have a separate capital whereas The Turkish Supreme Court requires a separate capital for branch offices and in practice a capital is allocated for branch offices.
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