THE RELATIONSHIP BETWEEN SUIT FOR ANNULMENT IN ESTABLISHMENT OF CORPORATION AND INVALIDITY OF THE CAPITAL INCREASE
Abstract
Capital increase in corporations is a special prime contract change. Capital increase is possible either via resolution of general assembly or by board decision. The invalidity of capital increase acquires currency by nullity or by the claim of cancel sanction. However the case of claiming permanent nullity of capital increase verdict is expected to have serious prejudices in terms of process security. Turkish Code of Commerce no. 6102 refers to annulment in establishment of corporation and the terms of registered incorporation. Accordingly, the resolutions in establishment will be executed in terms of all types of capital increases. Thereby, the conflict of nullity and annulment, which are completely dissimilar, gains currency. In the case of invalidity of capital increase, it is significant to determine which case will be opened, the circumstances under which the case will be opened, by whom and how it will result. This article handles a comparative study of cancel of general assembly resolution and action for voidance asserted by everybody together with capital increase quashing. At the same time the point of view of the old Turkish Code of Commerce no. 6762 and the doctrine views are compared with the present arrangement.
Keywords
Suit for annulment,capital increase,invalidation,nullity,annulment
Kaynakça
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