Minimum capital compliance period for joint-stock and limited liability companies extended
With a regulation by the Ministry of Trade, the deadline for joint-stock and limited liability companies to increase their capital to the new minimum amounts has been extended to December 31, 2027.
The communiqué prepared by the Ministry of Trade has entered into force after being published in the Official Gazette. With this regulation, the compliance period granted for capital increases of companies whose capital falls below the new minimum amounts determined within the scope of the Turkish Commercial Code has been extended.
Within the scope of the "Communiqué on the Extension of the Period for Raising the Capital of Joint-Stock and Limited Liability Companies to New Minimum Amounts" published in the Official Gazette, companies within the scope will be able to complete the procedures for raising their capital to the new minimum amounts until December 31, 2027.
The time extension covers non-public joint-stock companies adopting the registered capital system, as well as joint-stock and limited liability companies. For these companies to raise their initial and issued capital to the relevant minimum amounts, December 31, 2027, will likewise be taken as the basis. While the communiqué entered into force as of the publication date, its provisions will be executed by the Minister of Trade.