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Internal Directive for General Assembly

The persons authorised to call the general assembly of the Bank are regulated in Article 12 of the Bank's articles of association. According to the article; the general assembly may be called to a meeting by the board of directors or those authorised by the legislation.

The provisions of the legislation regarding the determination of the persons authorised to call the general assembly for a meeting are set out in Articles 410, 411 and 412 of the Turkish Commercial Code No. 6102 and Article 9 of the Regulation on the Procedures and Principles of the General Assembly Meetings of Joint Stock Companies and the Ministry Representatives to be present at these Meetings, published in the Official Gazette dated 28.11.2012 and numbered 28481.

In accordance with the provisions of the aforementioned legislation;

  • Even if the board’s term of ofice has already expired, the board may call a general assembly meeting.
  • For the matters concerning the duties of the liqudators, the liqudators may call a general assembly meeting.
  • In case the board fails to convene on a regular basis or in case of absence or impossibility of the quorum for meeting, any shareholder may call a general assembly meeting with court permission.
  • Shareholder, who hold at least one-tenth of the capital, (in publicly held companies, one-twentieth of the capital) may request the board to call a general assembly meeting by specifying in wirting, the reasoning and agenda thereof. If the board agrees to call a meeting, the general assembly shall be called on to hold meeting no later than forty-five days; otherwise, the requesting shareholders call a general assembly meeting.
Internal Directive for General Assembly
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