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.