scholarly journals Joint-Stock Corporation under Turkish Commercial Law and the Doctrine of Increasing Shareholder Commitments

2015 ◽  
Vol 5 (2) ◽  
pp. 79-89
Author(s):  
Berna Tepe
Keyword(s):  
Equity Capital ◽  
Joint Stock Company ◽  
Stock Company ◽  
Commercial Law ◽  
Unanimous Vote ◽  
Commercial Code ◽  
Turkish Commercial Code ◽  
Unanimous Consent ◽  
Stock Corporation ◽  
As If

 ABSTRACT The principle that the shareholder of a joint-stock company is under the single obligation of paying in his contribution to the equity-capital is in force within the framework of the 2011 Turkish Commercial Code. It appears as if the reinforced principle of “single obligation” critically challenges the relevance of the formerly settled norm of subjecting increase in shareholders’ commitments to unanimous consent of all shareholders.  That being said, since the Turkish Commercial Code also contains deviations to the single obligation principle in addition to the fact that the notion of increase is shareholders’ commitments was not made entirely obsolete from the Turkish Commercial Code, the doctrine for subjecting increases in shareholders’ commitments to the general assembly’s unanimous vote is - to an extent - still relevant within the context of the 2011 Turkish Commercial Code.

scholarly journals A NUMBER OF FINANCIAL FACTORS AFFECT THE EFFICIENCY OF USING CAPITAL OF VIETNAM DAIRY PRODUCTS JOINT STOCK CORPORATION (VNM-VINAMILK)

2020 ◽  
Vol 42 (06) ◽  
Author(s):  
NGUYỄN TRUNG TRỰC
Keyword(s):  
Dairy Products ◽  
Quantitative Research ◽  
Market Value ◽  
Financial Statements ◽  
Joint Stock Company ◽  
Stock Company ◽  
State Management ◽  
Financial Factors ◽  
Data Source ◽  
Stock Corporation

Determining a number of financial factors which affect the efficiency of using capital of a corporation in general is very important. Due to the size of the company, it becomes a matter in Vietnam Dairy Products Joint Stock Corporation (VNM-Vinamilk) in particular. Because analizing these not only increases the profit, and the earnings of stock, but also its market value, as well as shareholders’ wealth, will be grown. Quantitative research method, using Eviews software, is being used in this research. The data source is the quarterly financial statements of Vietnam Dairy Corporation from 2006 to 2018. The research results are references for not only investors, credit institutions to consider investing in Vietnam Dairy Products Joint Stock Company (VNM- Vinamilk) but also business for managers, and state management agencies who have proposed effective economic and financial solutions and policies……..

scholarly journals Classification of financial security functions of joint-stock companies

2017 ◽  
pp. 63-71
Author(s):  
Olena Stashchuk
Keyword(s):  
Financial Management ◽  
Equity Capital ◽  
Joint Stock Company ◽  
Financial Security ◽  
Economic Activities ◽  
Stock Company ◽  
Satisfactory Level ◽  
Business Entities ◽  
Legal Forms

The article proves that financial security functions are one of the fundamental categories, which makes it possible to more thoroughly describe the concept of financial security of jointstock companies. The purpose of the paper is to systematize the current approaches of scholars to determining financial security functions of business entities, as well as to improve financial security of joint-stock companies. The existing theoretical studies of financial security do not take into account peculiar features of doing business, institutional-legal forms and sectors of economic activities. A critical analysis of scholars’ approaches to identifying functions of financial security of business entities allows us to conclude that the classical functions of financial security of enterprises are as follows: establishing a framework for managing financial security of enterprises, assessing the level of financial security of enterprises, planning and forecasting the level of financial security of entities, exercising control over measures taken to achieve a satisfactory level of financial security of joint-stock companies. The role of joint-stock companies in the development of the financial system of the state is identified. Based on the major features of joint stock companies’ operations and typological characteristics of their financial security, it is proposed to distinguish general and specific functions of financial security of joint-stock companies. It is pointed out, that general functions include: extended reproduction, informational, organizational, planning, analytical, and stimulating. Accordingly, it is found that specific functions of financial security of joint-stock companies are as follows: protective, investment, anti-crisis financial management, financing business operations, equity capital management, and corporate governance. The proposed classification of functions might be useful in the process of establishing a framework for managing financial security of a joint-stock company, as well as enhance further research on the issue of providing a satisfactory level of financial security of corporate units. The described functions are found to possess the following characteristic properties: system approach, completeness, universality and comprehensiveness. At the same time, it is claimed that the division of the whole range of functions into general and specific ones will contribute to increasing the efficiency of financial security management of joint-stock companies.

scholarly journals The role and function of the e-signature, time stamp, and e-evidence in the context of Turkish commercial law

2020 ◽  
pp. 71-82
Author(s):  
Leyla Keser Berber
Keyword(s):  
Legal Framework ◽  
Digital Transformation ◽  
Time Stamp ◽  
Commercial Law ◽  
Commercial Code ◽  
Turkish Commercial Code ◽  
And Function ◽  
Role And Function

One of the aims of the Turkish Commercial Code (TCC) is to enable digital companies to promote digital transformation. To achieve this aim, it has brought many novelties to Turkish Law. This paper explains the roles and functions of the e-signature, time stamp and e-evidence in the context of the TCC, and concludes that although the TCC promotes digital companies, further changes to the legal framework are necessary to keep up with the technological advancements. Index words: Turkish Commercial Code; digital transformation; e-signature; time stamp; e-evidence

scholarly journals The Effect of Regulations Related to the Modifications of Union, Division and Type Alteration in Turkish Commercial Law to Business Life

2014 ◽  
Author(s):  
Semih Büyükipekçi ◽  
Naim Ata Atabey
Keyword(s):  
Foreign Market ◽  
World Market ◽  
Legal Regulations ◽  
Commercial Law ◽  
Competition Advantage ◽  
Commercial Code ◽  
Turkish Commercial Code ◽  
Balkan States ◽  
Commercial Relationships ◽  
Made In

Businesses nowadays need restructuring in which economy becomes global to create new values, to be efficient in world market and to reach strategic priorities in business life. Being restructured provides some advantages such as the increase of the company’s value, reorganization of the structure and management of the company and the increase of competition advantage. The importance of union, division and type alteration has increased to advance competition strength of Turkish companies both in domestic market and foreign market. There were some insufficiencies in legal regulations of union, division and type alteration in Turkey for many years. In this context, the draft was completed in 2005, was passed in parliament in 2011 and with Law No: 6102 it came into force in July, 2012. The purpose of this chapter is by presenting the modifications of union, division and type alteration after Law No: 6102 Turkish Commercial Code, revealing the innovations brought in Commercial Life/ Business Life. With these legislative regulations made in Turkey the improvement of commercial relationships with Macedonia and Balkan States is expected.

Studying Demand for Institutes of Corporate Governance: Legal Aspects

2003 ◽  
pp. 50-61 ◽  
Author(s):  
T. Medvedeva ◽  
A. Timofeev
Keyword(s):  
Corporate Governance ◽  
Legal Aspects ◽  
Joint Stock Company ◽  
Federal Law ◽  
Stock Company ◽  
Open Joint Stock Company ◽  
Open Joint ◽  
Market Relations ◽  
Corporate Legislation

The article analyzes legal aspects of institutes of corporate governance. Different draft laws "On Joint-Stock Companies" are considered which reflected interests of separate groups of participants of market relations. Stages of property redistribution are outlined. The advantages of the model of the open joint-stock company are formulated. Special attention is paid to the demand for legal institutes of corporate governance as well as to the process of accepting the Federal Law "On Entering Amendments to the Federal Law "On Joint-Stock Companies"" which was enacted in 2002. The article contains proposals directed at improvement of corporate legislation.

Assessment of professional risk of health of workers of the enterprise for repair of railway carriage

2020 ◽  
pp. 9-19
Author(s):  
O. Klepikov ◽  
A. Boreyko ◽  
G. Kurenkova
Keyword(s):  
Relative Risk ◽  
Working Conditions ◽  
Light Level ◽  
Occupational Risk ◽  
Rolling Stock ◽  
Joint Stock Company ◽  
Stock Company ◽  
Production Factors ◽  
Object Of Study ◽  
High Level

The aim of the study was to assess the professional risk of developing diseases in workers of the railway car repair enterprise. The Voronezh Car Repair Plant, a branch of Vagonremmash Joint-Stock Company, was chosen as the object of study. Methods: «The methodology for calculating individual occupational risk depending on the working conditions and the health status of the employee», developed by the Klin Institute for Protection and Working Conditions in conjunction with the Research Institute of Occupational Medicine (2013), the main professions; cohort study with the calculation of the relative risk of morbidity with temporary disability, the odds ratio, the etiological share of factors in the formation of morbidity (group size: 250 people, experimental group — workers of the main specialties, 95 people — comparison group). Results. According to the research results, the priority factors of occupational health risk include: chemical, noise, heating microclimate, low light level. For certain professions, the share of the contribution of priority factors to the risk profile (PV) reaches 40 %. The indicator of individual occupational risk is 0.12 to 0.26 units. The high level of professional risk (0.22 ÷ 0.26) is characterized by the working conditions of the mechanics for the repair of rolling stock, machine tools (woodworking), casters (metal), thermists, plastic casters. In professional groups with medium and high risk, the indicator of the relative risk of morbidity with temporary disability is higher than 1 (RR = 1.75 and 1.39, respectively), and the etiological share of production factors in the formation of diseases is from 27.95 (subgroup with secondary professional risk) up to 42.88 % (a subgroup with high professional risk), which indicates the professional condition of the disease. Discussion. In general, our data are consistent with the results of similar studies conducted earlier at the car building and car repair enterprises. In order to ensure hygienically safe working conditions and preserve the health of workers, it is necessary to reduce the level of exposure to production factors, including through the introduction of modern equipment and improvement of technological processes.

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