T\u00fcrk Ticaret Kanunu (TTK), T\u00fcrk \u015firketlerinde hisse devir k\u0131s\u0131tlamalar\u0131n\u0131 y\u00f6netir. \u00c7er\u00e7eve, \u00f6nemli \u00f6l\u00e7\u00fcde farkl\u0131 varsay\u0131lan hisse devir kurallar\u0131 ile anonim \u015firketler (A\u015e\u2014Madde 339 vd.) ve limited \u015firketler (L\u015e\u2014Madde 573 vd.) aras\u0131nda ayr\u0131m yapar. TTK devir k\u0131s\u0131tlamalar\u0131n\u0131 anlamak T\u00fcrk varl\u0131klar\u0131 i\u00e7eren herhangi bir M&A veya yat\u0131r\u0131m i\u00e7in esast\u0131r.<\/p>\n
Anonim \u015firket<\/a> hisseleri i\u00e7in TTK nama (registered) ve hamiline (bearer) hisseleri ay\u0131r\u0131r: hamiline yaz\u0131l\u0131 pay senetleri tipik olarak fiziksel sertifikan\u0131n teslimi ile serbest\u00e7e devredilebilir (s\u0131n\u0131rl\u0131 yasal k\u0131s\u0131tlamalara tabi olarak); nama yaz\u0131l\u0131 pay senetleri devrin \u015firkete kar\u015f\u0131 ge\u00e7erli olmas\u0131 i\u00e7in pay defterine giri\u015fi gerektirir. TTK Madde 491 esas s\u00f6zle\u015fmenin nama yaz\u0131l\u0131 pay devirlerine ek k\u0131s\u0131tlamalar dayatmas\u0131na izin verir (devri reddetmek i\u00e7in s\u0131n\u0131rl\u0131 ko\u015fullar\u2014\u00f6rn. belirtilen al\u0131c\u0131 iyi niyetli de\u011fil veya di\u011fer tan\u0131mlanm\u0131\u015f gerek\u00e7eler). TTK’n\u0131n 2018 de\u011fi\u015fiklikleri pay defteri gereksinimlerini g\u00fc\u00e7lendirdi ve hamiline hisseler i\u00e7in merkezi kay\u0131t getirdi (MASAK\/UBO<\/a> a\u00e7\u0131klama y\u00fck\u00fcml\u00fcl\u00fckleriyle).<\/p>\n Limited \u015firket devirlerinin daha s\u0131k\u0131 varsay\u0131lan kurallar\u0131 vard\u0131r. TTK Madde 595 \u015funlar\u0131 gerektirir: hisse devir anla\u015fmas\u0131 i\u00e7in yaz\u0131l\u0131 form, imzalar\u0131n noter onay\u0131 ve ortaklar genel kurulunun onay\u0131 (varsay\u0131lan kural\u2014farkl\u0131 \u00e7o\u011funluk gerektiren veya gereksinimi ortadan kald\u0131ran esas s\u00f6zle\u015fmeyle de\u011fi\u015ftirilebilir). S\u0131k\u0131 varsay\u0131lan, ortakl\u0131k benzeri LLC yap\u0131s\u0131 \u00fczerinde ortak kontrol\u00fcn\u00fc korur. Esas s\u00f6zle\u015fme de\u011fi\u015fiklikleri yasal s\u0131n\u0131rlar dahilinde bu gereksinimleri kolayla\u015ft\u0131rabilir veya g\u00fc\u00e7lendirebilir. Uygulay\u0131c\u0131lar genellikle ortak kontrol\u00fcn\u00fcn esas oldu\u011fu yak\u0131n tutulan i\u015fletmeler i\u00e7in limited \u015firket yap\u0131lar\u0131n\u0131 kullan\u0131r, daha geni\u015f yat\u0131r\u0131m veya nihai halka arz beklenen i\u015fletmeler i\u00e7in anonim \u015firket se\u00e7er.<\/p>\n Hisse devir k\u0131s\u0131tlamalar\u0131 \u00e7ok say\u0131da yat\u0131r\u0131m hukuku ba\u011flam\u0131n\u0131 etkiler: TTK varsay\u0131lanlar\u0131n\u0131 ROFR<\/a>, tag-along ve drag-along h\u00fck\u00fcmleriyle tamamlayan pay sahipleri anla\u015fmalar\u0131; uygun pay defteri bak\u0131m\u0131n\u0131 ve \u00f6nceki devir yetkisini do\u011frulayan durum tespiti<\/a>; M&A yap\u0131land\u0131rmas\u0131 (varl\u0131k sat\u0131n al\u0131m\u0131 vs. hisse sat\u0131n al\u0131m\u0131 kararlar\u0131 devir k\u0131s\u0131tlamas\u0131 pratik etkilerini dikkate al\u0131r); ve yat\u0131r\u0131mc\u0131lar\u0131n tipik olarak tercih ettikleri hisseler i\u00e7in devir k\u0131s\u0131tlamas\u0131 gev\u015fetmesini m\u00fczakere etti\u011fi risk sermayesi<\/a> finansman\u0131. 2018 TTK de\u011fi\u015fiklikleri ve devam eden reform \u00f6nerileri T\u00fcrk \u015firket hukuku uygulamas\u0131n\u0131 \u015fekillendirmeye devam ediyor. T\u00fcrk \u015firketlerin yabanc\u0131 al\u0131c\u0131lar\u0131 temiz m\u00fclkiyet zincirini sa\u011flamak i\u00e7in dikkatli pay defteri durum tespiti yapmal\u0131d\u0131r.<\/p>\n","protected":false},"excerpt":{"rendered":" TLDR: T\u00fcrk Ticaret Kanunu (TTK), T\u00fcrk \u015firketlerinde hisse devir k\u0131s\u0131tlamalar\u0131n\u0131 y\u00f6netir. \u00c7er\u00e7eve, \u00f6nemli \u00f6l\u00e7\u00fcde farkl\u0131 varsay\u0131lan hisse devir kurallar\u0131 ile anonim \u015firketler (A\u015e\u2014Madde 339 vd.) ve limited \u015firketler (L\u015e\u2014Madde 573 vd.) aras\u0131nda ayr\u0131m yapar. TTK devir k\u0131s\u0131tlamalar\u0131n\u0131 anlamak T\u00fcrk varl\u0131klar\u0131 i\u00e7eren herhangi bir M&A veya yat\u0131r\u0131m i\u00e7in esast\u0131r. Anonim \u015eirket Devir Kurallar\u0131 Anonim \u015firket hisseleri […]<\/p>\n","protected":false},"author":4,"featured_media":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","format":"standard","meta":{"footnotes":""},"categories":[],"class_list":["post-12640","term","type-term","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/virconlegal.com\/tr\/wp-json\/wp\/v2\/term\/12640","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/virconlegal.com\/tr\/wp-json\/wp\/v2\/term"}],"about":[{"href":"https:\/\/virconlegal.com\/tr\/wp-json\/wp\/v2\/types\/term"}],"author":[{"embeddable":true,"href":"https:\/\/virconlegal.com\/tr\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/virconlegal.com\/tr\/wp-json\/wp\/v2\/comments?post=12640"}],"version-history":[{"count":1,"href":"https:\/\/virconlegal.com\/tr\/wp-json\/wp\/v2\/term\/12640\/revisions"}],"predecessor-version":[{"id":12880,"href":"https:\/\/virconlegal.com\/tr\/wp-json\/wp\/v2\/term\/12640\/revisions\/12880"}],"wp:attachment":[{"href":"https:\/\/virconlegal.com\/tr\/wp-json\/wp\/v2\/media?parent=12640"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/virconlegal.com\/tr\/wp-json\/wp\/v2\/categories?post=12640"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Limited \u015eirket Devir Kurallar\u0131<\/h3>\n
Pratik D\u00fc\u015f\u00fcnceler<\/h3>\n