Extension of the Duration of Restrictions on Dividend Distributions of Companies
i) notifications to be made to the Turkish Central Registry Agency (the “CRA”) regarding the issuance and transfer of bearer shares of non-public joint stock company; (ii) participation of the holders of the bearer share certificates (the “Shareholders”) to the general assemblies (the “GA”); and (iii) obligations of the companies to keep corporate books. It has been further stated that such amendments shall be effective as of 1 April 2021 (the “Effective Date”).