Regulatory Alerts2014-07-24
Added · Updated
Communiqué on Dividends
The Capital Markets Board of Turkey issued this Communiqué to establish procedures and principles for the distribution of dividends and dividend advances by corporations. It mandates that companies define and disclose dividend distribution policies, sets equal distribution rules for shares, and imposes specific constraints on non-listed public companies and dividend advance calculations. The regulation also governs public disclosure requirements, donations, statute of limitations for uncollected dividends, and repeals previous dividend-related communiqués effective February 1, 2014.
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