Published in the 27352 numbered Official Gazette at the date of 17 September 2009 the 2009/6 numbered ‘‘Declaration about making changes on the Declaration Concerning the Maximum Interest Rates which will be applied to credit card procedures’’ will become valid starting from the date of 1.10.2009.
With the mentioned declaration, changes have been made to the first and second paragraphs of the third article of the 2006/1 numbered declaration regarding the maximum interest rates which will be applied to credit card procedures which was published at the date of 2.4.2006 in the 26127 numbered Official Gazette.
According to this alteration the monthly maximum contractual interest rate for Turkish Lira is
3.26 %, for USA Dollar it is 2.54% and for Euro it is 2.30%; as for the monthly maximum default interest rates for Turkish Lira it is 4,01%, for USA Dollar it is 3,11% and for Euro it is 2.82%.
THE DESIGN COUNSELLING COMMITTEE HAS BEEN ESTABLISHED
Published in 3.09.2009 dated 27338 numbered Official Gazette it has been decided that coming into effect from the day it is published the Turkish Design Counselling Committee shall be established. The purpose behind the establishment of this council is to increase the competition power of Turkey on an international basis, to help Turkish designers and their designs become favoured in the world market and provide collaboration between the designer and the industrialist.
Among the duties of the mentioned Council there are; creating design policies, make decisions and do exercises in order to show the importance of the economy of design and increase the quality of the designs, take the necessary precautions in order for the collaboration of the designer’s and the industrialist’s, make decisions and do exercises in order to create high value added products. Give advice on this subject in order to create collaboration between international establishments and provide legal opinions relating to the designs. The Council meets at least twice a year with majority at the place and time the president determines and decisions are made with the majority of the votes from the members who have participated.
THE DECLARATION ON GATHERING PARTNERSHIP SHARES BY MEANS OF ANNOUNCEMENT HAS BEEN PUBLISHED
In the 2.09.2009 dated 27337 numbered Official Gazette that the serial no 4 and 44 numbered ‘‘Declaration on Gathering Partnership Shares by Means of Announcement’’ has been published and will be effective from this day. This declaration aims to; clarify the principles and basis of the announcement which will be done either compulsory or optionally to the shareholders of the open joint stock company.
In the declaration it is indicated that during the announcement, the shares belonging to the same group of the partnership will be subjected to equal treatment. In the announcement the price which will be paid may only be indicated in the form of Turkish Lira as cash, security or partially cash partially security.
The mentioned declaration has defined that when 50% or more of the companies’ capital or voting rights is acquired either directly or indirectly by a person alone or along with the people who act together it is called control of management. It is obligatory to apply to the Capital Market Board in order to make an announcement in six days following the acquirement of the shares and voting rights which led to the controlling of management.
According to the related declaration the partners or third persons, may make an announcement for all or a part of the shares belonging to the company.
With the mentioned declaration the serial 4 and 8 numbered declarations 14, 15, 16 and 17th articles have been abolished with the temporary article 1 and appendix 4.
Since the date this declaration has come into effect the announcements decided by the Capital Market Board or the applications to be exempted from being announced as well as applications which will be made by real or legal entity’s in where the liability of announcing has been born but has not been announced or has not been applied to the Capital Market Board yet are also subjected to this declaration.
