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Her ne kadar önemli miktarda malvarlığının satışına ilişkin karar, genel kurulun takdir yetkisine bırakılmışsa da şirket için önem teşkil eden malvarlığının ne olduğu, ne kadarlık bir miktara denk geldiği veya toptan satışın ne ifade ettiğine ilişkin açık bir düzenlemeye yer verilmemiştir. Çalışmada önce
Diğer taraftan Türk Ticaret Kanunu’nun anonim şirketin tasfiyesine ilişkin hususlara ilişkin “Aktifleri Satma Yetkisi” başlıklı 538. maddesinde önemli miktarda aktiflerin toptan satılabilmesi için genel kurul kararına ihtiyaç duyulduğu ve aynı maddenin TTK m. 421/3-4’e yaptığı yollama ile bu genel kurul kararının şirket sermayesinin en az yüzde yetmiş beşini oluşturan pay sahiplerinin veya temsilcilerinin olumlu oyları ile alınacağı belirtilmiştir. Ancak bu düzenleme, TTK m. 408 hükmü ile beraber değerlendirildiğinde yapısal değişiklikler veya konkordato projesi kapsamında mal satışları örneğinde olduğu gibi aktifin toptan satışını gerektirebilecek diğer hallerde de aynı düzenlemenin uygulama alanı bulup bulamayacağı sorunu akla gelmektedir. Çalışmada bu ve benzeri somut durumlarda da hükmün nasıl uygulama alanı bulabileceği tartışılacaktır.…
ABSTRACT…
According to Article 408 of the Turkish Commercial Code (“TCC”), where general board’s duties and authorities in joint-stock companies are regulated, decisions about wholesale of substantial part of company’s assets are under the general assembly’s irrevocable and untransferable competency. This regulation does not pertain to Turkish Law solely. Indeed, pf. 179a of the German Stock Companies Act regulates that the agreements as to the transfer of the company’s complete asset, unless such transfer falls in scope of the regulations of the Transformation Act (UmwG), shall require an approval of the general assembly even if the subject act does not affect or change the company’s field of activity. It is without a doubt that the main purpose of this provision is its’ effect of substantial sales over the company’s purposes and potential effect of intensive change of the economic benefits that shareholders may gain from the company. It is explicit that this significant competency recognized to the general assembly is a limitation to the board of directors’ representation and direction powers.…
Although the decision power regarding the sale of a significant amount of assets is left to the discretion of the general assembly, there is no clear regulation as to what the asset is, which amount it corresponds to, or what wholesale means. Within this work, first of all, meaning of significant asset and which assets sale should be evaluated in the scope of art. 408 of TCC will be discussed. In this respect, it is necessary to examine the decisions of the Court of Cassation as a guideline and also Article 23 of the Capital Market Code and its relevant legislations, which regulate important transactions in public companies. Also, the provisions of German law and related German doctrine is also considered to be guiding. Even though it is stated in text of German Stock Companies Act pf. 179a that the general assembly decision will be needed in case of transfer of all assets of the company, it is argued that this provision should be applied if the remaining assets of the company after the transfer is reduced to a negligable amount. The criterion of importance should be whether the company can continue to operate in the field with the remaining assets. According to the Turkish Commercial Code art. 421/3-a, the decision about changing the company’s field of operation completely is a decision which needs to be taken by general assembly. The discretion in this regard has not been left to the board of directors.…
