Examples of Registered Capital in a sentence
Conversion of assets other than the share capital into Registered Capital The Company may increase the share capital by transferring all or part of its assets other than the share capital, if, according to the balance sheet of the financial statements for the previous financial year or the interim balance sheet of the current year there are sufficient additional funds available for the capital increase, and if the Company’s share capital will not exceed its adjusted equity capital.
Conversion of Capital Reserves into Registered Capital The Company may increase its registered capital with its assets above the registered capital or a part thereof if according to the previous year’s report under the Act of Accounting or the interim balance the sufficient coverage of the capital increase is available and subsequent to the capital increase the amount of registered capital does not exceed its own capital, adjusted according to the Act of Accounting.
The application dated December 27, 2016 for the extension of the Registered Capital Ceiling to the Capital Markets Board was approved on January 10, 2017 and the registered capital ceiling was determined as TL 2.500.000 to be valid until December 31, 2021.
Account for the Deposit of Monetary Contributions for Payment of Registered Capital: the Bank opens such Account on the basis of a deed of partnership or deed of incorporation, or company articles of association; these documents must be notarised.
The Account Agreement for the Deposit of Monetary Contributions for Payment of Registered Capital is concluded for a fixed period, until the company’s incorporation.