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Suspension of conducting exercise is registered pursuant to the registration act and may not be established retroactively. The minister competent for economic system designates in additional detail the jobs considered old and artistic crafts and handicrafts by means Turkish Family Lawyer of this Act, the style by which they are certified and the maintaining of special records of certificates issued. The determination referred to in paragraph 1 of this Article shall be registered in compliance with the registration act within a time period Immigration law firm Italy Firm Turkey of 6 months as of the day of adoption. The enhance within the firm's share capital out of the company's internet belongings is carried out by means of conversion of retained earnings and reserves into firm's share capital. book worth for the stocks without par value, of own shares of the corporate at the finish of that business yr, as nicely as their share within the company's share capital. The interval referred to in paragraph three of this Article may not exceed 5 years from the day the decision is adopted, and may be prolonged by amendments of the articles of association or by a call of the final assembly, previous to its expiry, where any such extension might quantity to a interval that will not be longer than five years. 4) Type, class, total number and par value, i.e. A sole trader shall show a discover on the interval of suspension of performing activities in the place by which he conducts enterprise exercise. If a total variety of stocks provided on the market to the company by stockholders is greater than the number of shares from paragraph 2, merchandise 1) of this Article, the company shall buy from every stockholder a proportionate variety of shares that the stockholder provides to promote, while when calculating this proportionate variety of shares solely complete number of shares shall be taken under consideration. A sole dealer could perform all actions not prohibited by regulation for which he meets the prescribed circumstances, including old and artistic crafts, and handicraft actions.
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Stockholders of the same class have equal treatment in finishing up the procedure of discount of company's share capital.
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