Rüçhan hakkının kullanımında artan payların akıbeti
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Tarih
2022
Yazarlar
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
İstanbul Ticaret Üniversitesi
Erişim Hakkı
info:eu-repo/semantics/openAccess
Özet
6102 Sayılı Türk Ticaret Kanunu’nun m. 461 hükmü ile düzenlenen rüçhan hakkı, anonim şirket pay sahibinin, sermaye artırımı sonucu ihraç edilen payları, belli bir oran dahilinde satın almasını sağlar. Böylece pay sahibi, şirket içerisindeki oransal konumunu muhafaza eder. Rüçhan hakkının kullanılması için, her sermaye artırımı kararı sonrasında kural olarak, hakkın kullanım süreci de gerçekleşecektir. Ancak rüçhan hakkı, her zaman tüm pay sahiplerince kullanılmamaktadır. Bazen de rüçhan hakkına kısıtlama getirilir ve kısıtlama kararına rağmen ortaya çıkan paylar satın alınmaz. Bu durumda, artan payların akıbetinin ne olacağı sorusunun cevaplanması gerekir. Amaç: Bu makalede, rüçhan hakkıyla ilgili genel bilgiler verildikten sonra, artan payların akıbeti hakkındaki sorun incelenmeye çalışılacaktır. Yöntem: Literatür araştırmasına dayanan bu çalışmada, rüçhan hakkına yönelik yasal düzenlemeler ve öğreti görüşleri incelenmiştir. Bulgular: Türk Ticaret Kanunu rüçhan hakkını tek bir madde ile düzenlemiştir. Bunun yanında rüçhan hakkı ile doğrudan doğruya bağlantılı hususlarda da rüçhan hakkına yönelik atıflar bulunmaktadır. Ancak rüçhan hakkının kullanımı sonucunda artan payların akıbetine ilişkin açık bir düzenleme bulunmamaktadır. Özgünlük: Bu çalışmada rüçhan hakkının kanuni kullanımı ve hakkın kullanımının kısıtlanması ihtimalleri ayrı ayrı incelenmiştir. Ayrıca esas sözleşme, genel kurul ve yönetim kurulunun olası yetkilerine değinilmiştir.
The pre-emptive right, regulated by the provision of article 461 of the Turkish Commercial Code No. 6102, allows the shareholder of the joint stock company to purchase the shares issued as a result of the capital remain within a certain rate. Thus, the shareholder maintains its proportional position within the company. In order to exercise the pre-emptive right, as a rule, the process of exercise of the right will take place after each capital remain decision. However, the pre-emptive right is not always exercised by all shareholders. Sometimes the pre-emptive right is restricted, and the resulting shares are not purchased despite the restraining order. Case, the question of what the fate of the remained shares will need to be answered. Purpose: In this article, after giving general information about the pre-emptive right, the problem of the fate of the remained shares will be examined. Method: In this study, which is based on literature research, legal regulations and doctrine regarding the preemptive right were examined. Findings: The Turkish Commercial Code regulates the pre-emptive right with a single article. In addition, there are references to the pre-emptive right in matters directly related to the pre-emptive right. However, there is no clear regulation on the fate of the remained shares as a result of the exercise of the pre-emptive right. Originality: In this study, the legal use of the pre-emptive right and the possibility of restricting the exercise of the right are examined separately. In addition, the articles of association, the general assembly and the possible powers of the board of directors are mentioned.
The pre-emptive right, regulated by the provision of article 461 of the Turkish Commercial Code No. 6102, allows the shareholder of the joint stock company to purchase the shares issued as a result of the capital remain within a certain rate. Thus, the shareholder maintains its proportional position within the company. In order to exercise the pre-emptive right, as a rule, the process of exercise of the right will take place after each capital remain decision. However, the pre-emptive right is not always exercised by all shareholders. Sometimes the pre-emptive right is restricted, and the resulting shares are not purchased despite the restraining order. Case, the question of what the fate of the remained shares will need to be answered. Purpose: In this article, after giving general information about the pre-emptive right, the problem of the fate of the remained shares will be examined. Method: In this study, which is based on literature research, legal regulations and doctrine regarding the preemptive right were examined. Findings: The Turkish Commercial Code regulates the pre-emptive right with a single article. In addition, there are references to the pre-emptive right in matters directly related to the pre-emptive right. However, there is no clear regulation on the fate of the remained shares as a result of the exercise of the pre-emptive right. Originality: In this study, the legal use of the pre-emptive right and the possibility of restricting the exercise of the right are examined separately. In addition, the articles of association, the general assembly and the possible powers of the board of directors are mentioned.
Açıklama
Anahtar Kelimeler
Rüçhan Hakkı, Esas Sözleşme, Genel Kurul, Yönetim Kurulu, Pre-Emptive Right, Articles of Association, General Assembly, Board of Directors
Kaynak
İstanbul Ticaret Üniversitesi Sosyal Bilimler Dergisi
WoS Q Değeri
Scopus Q Değeri
Cilt
21
Sayı
44
