The ordinary general assembly has to meet within three months of the end of each financial period, under Article 409 of the Turkish Commercial Code (No. 6102). Miss that window and several things follow at once: the management body’s own liability comes into play, and resolutions that depend on the assembly — approval of the financial statements, distribution of profit — simply cannot be taken. In practice bank and credit processes, tenders and authority filings begin to stall for want of them.
A delay does not by itself bring the company to an end. But neglect that accumulates becomes a real risk if a minority shareholder or a creditor brings a claim, and an assembly not held on time shows up afterwards as a standing deficiency in audits and in any due diligence a buyer runs. We keep the calendar, prepare the notice, the agenda and the documents, and convene the assembly in full within its statutory period.
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