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If the status change implies acquisition of a public joint stock company by a company which is not a public joint stock firm, or if it merges with it to form a new company which is not a public joint inventory firm, that firm must fulfill the situations for termination of the status of a public firm which are prescribed by the legislation governing capital market. The joint inventory company referred to in paragraph 1 of this Article appoints an auditor for the purpose of audit of the plan of change, who attracts up the report on the change of legal form, no later than a month before the day of holding of the session of the final assembly at which the decision on changing the authorized type is made. Special or extraordinary audit report is served on the board of directors, i.e. If the competent body of the company does not appoint the auditor, a competent court docket in non-contentious process, on the request of the corporate, appoints an auditor who draws up the audit report on the change of the legal form. The provisions of this Article don't apply when own shares are acquired in instances underneath Article 282, paragraph four, item 1) and Article 284, gadgets 1) to 5) of this Act. the chief board and the supervisory board if the company has a two-tier administration system, to stockholders who've filed the motion for it to be performed, and to the court if particular or extraordinary audit was performed on the grounds of a court docket choice.<br>Search Kind <br>The Central Registry adopts a bylaw whereby it regulates the form of the request referred to in paragraph 1 of this Article and documentation hooked up to that request. The price at which the company might dispose of personal shares is set by mutatis mutandis software of Article 260 of this Act. 6) Copy of the contract concluded between the corporate and the Central Registry member with respect to services regarding such capital improve. The subscription of stocks on the premise of the decision referred to in paragraph 1 of this Article might not commence earlier citizenship law firm than its registration as prescribed in paragraph 2 of this Article.<br><br>In this case, investor needs to present a death certificate of her/his partner . The amount of those prices depend upon the nationality, age and the size of the residence period. Ercüment Erdem, is a professor of economic regulation and contracts, and has lectured in leading universities in Turkey and Switzerland. 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