Transfers of Share Certificates
It is necessary to know that not all share certificates are printed in joint-stock companies in general and in most cases. However, it is important to know that all negotiable certificates of title can be issued. At the same time, if there is no certificate of title, it means being in great risk. According to the Turkish Commercial Code, for bearer share certificates whose full payment has been made, it is obligatory for the board of directors to print the share certificates and distribute them to the shareholders within approximately 3 months from the date of full payment. At the same time, bearer share certificates cannot be issued for shares whose payments have not been fully made. Those issued in violation of this provision will be considered invalid. The process of signing all share certificates by at least two authorized representatives of the company, including the company's title, capital amounts, establishment dates, and other necessary information, is among the essential procedures.
Forms of Share Certificates
In private companies and corporations that are not publicly traded, the signatures must be perforated, or other security systems and necessary measures to prevent counterfeiting must be taken in the areas of share certificate printing. In these cases, all prepared share certificates must not be in the form of computer printouts but must be printed by a printing house with perforations for signatures or with one of the security measures such as holograms. Which of these will be applied is clarified when consulting with the printing house and obtaining the necessary information. In the transfers of bearer shares, which are effectively used today, the transfer of possession is effective. Transfer of all share certificates is carried out without the need for the procedure for registered shares, simply by delivery. In registered shares, the transfer is made by the transfer of possession of the registered share certificates to the transferee, and there are also sequential methods in all necessary applications related to these. The printing of share certificates and all other necessary information and services must be obtained from qualified and experienced professionals in the field.
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