Ministerial Decision No. 182/2006 On the Controls Related to the Establishment of Private Joint Stock Companies
The Minister of Economy,
Pursuant to the perusal of Federal Law No. 1/1972 on Competencies of the Ministries and Powers of the Ministers and its amending laws and its amendments;
Federal Law No. 5/1975 on the Commercial Register;
Federal Law No. 8/1984 on commercial companies and its amendments;
Ministerial Decision No. 70/1989 on the procedures of registration of Joint Stock Companies and Equities Partnership Companies in the Commercial Register;
Ministerial decision No. 73/1989 on the procedures for the establishment of the Joint Stock Companies and Equities Partnership Companies amended by Ministerial decision no. 2 of 1997; and
Based upon the proposal of the undersecretary of the Ministry,
Issued the following Decision:
Article 1
The following controls shall be taken into account upon the establishment of Private Joint Stock Companies:
1- The number of partners shall not exceed 50 shareholders.
2- The nominal value of the share shall be paid up in full.