Limited Liability Company Capital Decrease

Limited Liability Company Capital Decrease

 

REQUIRED PHASES

A- If the capital increase is not made simultaneously with the reduction of the basic capital, the following documents are given to the directorate in the registration application (TSY-96):

1) Petition

2) Notarized General Assembly Meeting Minutes (1 original) containing a text on capital reduction, in which the report of the company directors regarding the reduction of the capital is approved and the method of capital reduction is shown.

2) List of Attendants (1 original)

3) The report on the reduction of the capital prepared by the company director or managers and approved by the general assembly, showing the reasons for the capital reduction and the purpose of the reduction and how the reduction will be done (1 original) (registered and announced.)

6) YMM or SMMM report regarding the determination of the fact that there is an amount of active in the company that will fully meet the rights of the creditors of the company despite the capital decrease, and the activity certificate of the consultant or the auditor's report on these determinations in the companies subject to audit. (1how)

7) Samples of the Registry Gazette stating that three calls were made to the creditors of the company, seven days apart

8) Documents showing that the receivables are paid or secured,

 After the 2-month period given to the creditors expires and the declared receivables are paid or secured, the registration of the reduction can be requested with the documents listed above.

In a limited company, each partner must have 25.-TL capital and its multiples.

When issuing the capital clause of the articles of association, the nominal value of the capital shares and the number of shares belonging to the partner must also be specified.

 

B- If the capital is reduced in order to close a deficit in the balance sheet as a result of losses and in proportion to these deficits;

1) A document showing that the additional payment obligations stipulated in the articles of association have been paid in full is given to the directorate in addition to the documents specified in the first paragraph of this article.

2) If the directors of the company refuse to call the creditors and pay their rights or receive guarantees and the decision of the board of directors regarding this is submitted to the directorate, the documents specified in the subparagraphs (d) and (e) of the first paragraph are not required.

IN THE FIRST STAGE, ONLY ANNOUNCEMENT FOR RECEIVABLES IS SENT TO THE NEWSPAPER TO BE PUBLISHED 3 TIMES. TWO MONTHS AFTER THE 3RD ANNOUNCEMENT, THE CAPITAL REDUCTION IS REGISTERED AND ANNOUNCED.

Detail Information

* Turkey Trade Registry Gazette with 3 to made in declaring claimants within 2 months from the announcement did not want to pay or deposit are reported after the decision.

* In order to implement and finalize the decision to decrease the capital, the receivables must be paid or provided.

NOTE: You need to apply online at https://mersis.gtb.gov.tr/.